Arbusers

Hello all,

Recently rumor say that the future of binance is ominous...

Most rumors say mostly about binance wallet and not about all crypto wallets and i have been terrified , i do not know what to do, to withdraw my funds or keep them inside.

Does anyone have the same worries with me?

What is the reason for your concerns?

probettor91 wrote: ↑

Fri Jan 27, 2023 10:27 am

What is the reason for your concerns?

the obvious of course, if binance ends then i will lose the funds i keep inside...

they use skrill/payafe as their payment processor, should we be surprised they are doomed?

treblepop wrote: ↑

Fri Jan 27, 2023 11:55 am

they use skrill/payafe as their payment processor, should we be surprised they are doomed?

hello,probettor91 what do you mean by writting they use paysafe as their payment processor?that you can upload funds to binance by skrill?

after the downfall of FTX, Binance showed that their assets are real and have real money behind them. They could die but won't be that easy and if the face the FTX fate, we will have bigger problems than your 1k in ADA.

binance may go down since most of their collatteral is based on their sh*tcoin: bnb. there may be no binance after few years. they may stay also but better be careful then being sorry

does anyone believe that there is a more safe crypto wallet than binance such as blockchain or kraken or we should all take our measures and remove funds from crypto wallets?

I am not following the news, so I have no idea if Binance is collapsing or not, but as I said multiple times all crypto assets should be held in a cold wallet for a number of reasons. Let me mention just 2 of them:
1. Peace of mind.
2. Prevent various crooks from printing and selling BTC they never had.

I don’t know where you got this from, there were no official statements from binance, so there is no reason to worry. I also have funds there, but I keep most of my money on a cold ledger wallet, which I advise you to do as well. and for the future - never store funds on crypto exchanges, use cold wallets