Many traders will lose soon a lot the ftx 2.0 is ready

[JariKriting]

There is another ftx 2.0 sbm
So many investors will lose a lot money from USA and Canada becouse they will trust those who they should't.
I dont tell you the name but its not BINANCE binance is safe.
Im still surprised how the robbery will be happening in the middle of the day like it was with FTX.

then what exchangers can be trusted. if binance, whose transaction volume is the largest in the world, is said to be unsafe. provide along with the reasons why binance is said to be less safe or unsafe, and what are also the reasons why the exchanger that you are

[bitgolden]

as long as binance is safe i wouldn't put too much weight on this. Even from the same issues, Bitcoin only fell temporarily and then rose again and stabilized again. This is proof that the crypto market is very tough now. FTX, I'm sure this exchange is like an uninhabited house, its users will definitely be afraid to trade here again because the money stolen by hackers is not small. I always recommend Binance. In my opinion, currently the Binance exchange is the best in terms of security. I hope this will continue to be the case forever because crypto projects really need an exchange with high security.

You are underestimating the power of stupidity in people. I bet that there will be a lot of people who will believe this and will end up making something that will hurt their finances without a doubt. When enough people get together and do something silly and all lose money, it becomes a huge amount, and when it becomes a huge amount, they end up impacting the market as well.

I know that this sounds silly, but it is reality and I believe that we should be careful about what we are doing. I know that FTX 2.0 may sound stupid for you to invest and you wouldn't, and I wouldn't, but I bet that there are enough people out there who would think taking this risk could lead to a lot of profit and will make a big loss eventually because of this.

[Beparanf]

There is another ftx 2.0 sbm
So many investors will lose a lot money from USA and Canada becouse they will trust those who they should't.
I dont tell you the name but its not BINANCE binance is safe.
Im still surprised how the robbery will be happening in the middle of the day like it was with FTX.

then what exchangers can be trusted. if binance, whose transaction volume is the largest in the world, is said to be unsafe. provide along with the reasons why binance is said to be less safe or unsafe, and what are also the reasons why the exchanger that you are

If you read carefully what you just quoted, You will realize that specifically mention that Binance is safe exchange according to him and not the one he is pertaining to this warning thread.

Probably this exchange is not international since Canada and US already restricted foreign crypto exchange like Kucoin, Binance and many more popular crypto exchange. This thread was made last November and there’s no big news like this coming. It’s very odd too the timing of this bad new if really happened because Bitcoin is pumping hard which means exchange business is booming.

[abel1337]

There is another ftx 2.0 sbm
So many investors will lose a lot money from USA and Canada becouse they will trust those who they should't.
I dont tell you the name but its not BINANCE binance is safe.
Im still surprised how the robbery will be happening in the middle of the day like it was with FTX.

then what exchangers can be trusted. if binance, whose transaction volume is the largest in the world, is said to be unsafe. provide along with the reasons why binance is said to be less safe or unsafe, and what are also the reasons why the exchanger that you are

If you read carefully what you just quoted, You will realize that specifically mention that Binance is safe exchange according to him and not the one he is pertaining to this warning thread.

Probably this exchange is not international since Canada and US already restricted foreign crypto exchange like Kucoin, Binance and many more popular crypto exchange. This thread was made last November and there’s no big news like this coming. It’s very odd too the timing of this bad new if really happened because Bitcoin is pumping hard which means exchange business is booming.

A centralized exchange is still a centralized exchange, there are things that are happening on the back end of the exchange just like what the FTX did back then, the bad things will show up when someone expose it. What happened on FTX can happen on current leading exchange just like binance. Binance is just amazing how they handle their recent issue but I'm sure there will be another issues coming to them sooner or later as there are people who will try to bring them down.

Another thing is the legality of exchange, depending on where you live, the view and experience on the exchange may differ.

At the end of the day, the safeness of an exchange depends on you and your experience, we never know when will be the time they will collapse. Use centralize exchange with care, also decentralize exchange.

[kentrolla]

as long as binance is safe i wouldn't put too much weight on this. Even from the same issues, Bitcoin only fell temporarily and then rose again and stabilized again. This is proof that the crypto market is very tough now. FTX, I'm sure this exchange is like an uninhabited house, its users will definitely be afraid to trade here again because the money stolen by hackers is not small. I always recommend Binance. In my opinion, currently the Binance exchange is the best in terms of security. I hope this will continue to be the case forever because crypto projects really need an exchange with high security.

Binance may be safe for time being but things can change anytime and I am sure neither people would have thought about what happened with FTX, moreover Binance has already started flagging the privacy coins which can be delisted anytime and similarly we have seen a lot of pressure upon Binance as it's going through thought time especially after CZ controversy. I don't believe in an CEX nowadays.

[ScamViruS]

Binance may be safe for time being but things can change anytime and I am sure neither people would have thought about what happened with FTX, moreover Binance has already started flagging the privacy coins which can be delisted anytime and similarly we have seen a lot of pressure upon Binance as it's going through thought time especially after CZ controversy. I don't believe in an CEX nowadays.

Right. Crypto traders may have experienced something after the FTX crash, which is why everyone is now trying to be cautious. We saw that Binance is under a lot of pressure and also saw what happened to CZ. Binance is safe now but it's hard to predict how long it will be safe, because Binance can come under more pressure, so something unexpected can happen to Binance at any time. So crypto traders should be careful using Cex to keep their funds safe even if a bad event like FTX repeats.

[mich]

Well now FTX does want to sell its stake to a AI company called Anthropic. It will be worth $1.8 Billion.
https://cryptoslate.com/companies/anthropic/
https://cryptoslate.com/ftx-files-motion-to-offload-1-4-billion-stake-in-ai-startup-anthropic/

[Huppercase]

then what exchangers can be trusted. if binance, whose transaction volume is the largest in the world, is said to be unsafe. provide along with the reasons why binance is said to be less safe or unsafe, and what are also the reasons why the exchanger that you are

Safety of centralized exchanges is relative and personal, you don't expect me to tell you that Binance is safe because I have traded one or two coins on the exchange. You may have more money than me and when you test it and they find you suspicious, they can freeze your accounts and funds for some reasons and that's why I wouldn't advice anyone to maintain a single exchange if you must trade.

It's difficult for traders not to use centralized exchanges to keep coins because you don't have choice than to keep it their, not because you like it because you might have an open order, coins that are listed only on a single exchange and trade there. So the best thing I will advice you as a trader is to make sure to use to or 3 exchanges and share coins that you trade on them for peace of min; there is no way for the exchanges to disappear at the same time and should be share base on the trust of the general public and reviews.

[electronicash]

lol whichever exchange this is, it will only happen after the bull run, we are safe until you won't withdraw your coins from that exchange whichever that exchange is.  

ftx2.0 = unknown.   crypto.com?
if the same modus, it's this exchange that comes to my mind, almost the same promotion, and have bought arena also. nothing else besides this one. if there is something they save for the last attempt i guess its crypto.com.

[abel1337]

lol whichever exchange this is, it will only happen after the bull run, we are safe until you won't withdraw your coins from that exchange whichever that exchange is.  

ftx2.0 = unknown.   crypto.com?
if the same modus, it's this exchange that comes to my mind, almost the same promotion, and have bought arena also. nothing else besides this one. if there is something they save for the last attempt i guess its crypto.com.

It's hard to trust every exchange nowadays, the safe play is to don't store our funds on these exchanges and only use them when it is needed. Storing our funds on our non-custodial wallet is an important thing. Decentralize platforms are now increasing more than ever, I believe that there will be a time where decentralize exchange will be our first choice rather than centralized exchange.

Personally, I'm trying to avoid mid tier crypto exchange as much as possible and just try to stick with the top tier exchanges and platforms to lessen the chances of being scammed or being hacked.