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Are you making money on binance?

  • Thread starter Thread starter Potuse
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riberet19 said:
I have honestly never used Binance, although I opened an account with them in the past but never used, but I have heard many negative things about them and I do not want to participate in this exchange, besides I believe that now it will cease operations in Nigeria, it has also ceased operations in Holland and is being investigated in France, apart from that it is banned in many other countries, honestly for something it will be.
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Binance have not stopped their services in Nigeria to the best of my knowledge, I can't say mouth about Holland. I can tell you that whatever cases that binance is been accused of is this something that is happening with so many other cryptocurrency exchange platform because coinbase was sued by SEC last week.
 
Heatman said:
Binance have not stopped their services in Nigeria to the best of my knowledge, I can't say mouth about Holland. I can tell you that whatever cases that binance is been accused of is this something that is happening with so many other cryptocurrency exchange platform because coinbase was sued by SEC last week.
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Yes, I also know about Coinbase, but well I prefer to have my money in self-custody wallets since exchanges are not safe sites right now, and more Binance that is being harassed by regulatory bodies, it is better to prevent than cure.
 
riberet19 said:
Yes, I also know about Coinbase, but well I prefer to have my money in self-custody wallets since exchanges are not safe sites right now, and more Binance that is being harassed by regulatory bodies, it is better to prevent than cure.
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I completely agree with you on it being better for one who's interested in being invested in cryptocurrency for a long time to make use of hardware wallet to keep his or her asset. It definitely gives you better security and control on your aseest!
 
Heatman said:
I completely agree with you on it being better for one who's interested in being invested in cryptocurrency for a long time to make use of hardware wallet to keep his or her asset. It definitely gives you better security and control on your aseest!
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Yes, it is the best option, especially when you have a good capital invested, the exchanges are momentary the vast majority, if you look at Binance has been operating only since 2017, knowing this, you have to be careful and not trust too much.
 
riberet19 said:
Yes, it is the best option, especially when you have a good capital invested, the exchanges are momentary the vast majority, if you look at Binance has been operating only since 2017, knowing this, you have to be careful and not trust too much.
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I can remember sometime other three years ago or two years ago when the exchanger called crypto.com was hacked and a lot of their user's assets was compromised in which they had a big loss. It's one of the disadvantages of using exchange sites over hard wallet.
 
Heatman said:
I can remember sometime other three years ago or two years ago when the exchanger called crypto.com was hacked and a lot of their user's assets was compromised in which they had a big loss. It's one of the disadvantages of using exchange sites over hard wallet.
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I do not remember that news, but it is something that happens a lot in the crypto world as you know, it also happened in Coinbase a long time ago, do you know if the funds were returned to the compromised users in crypto.com?
 
riberet19 said:
I do not remember that news, but it is something that happens a lot in the crypto world as you know, it also happened in Coinbase a long time ago, do you know if the funds were returned to the compromised users in crypto.com?
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If I remembered correctly, when it happened, Bizdustry was affected too because it was the cryptocurrency exchanger Alex was using to pay members and the site suspended withdrawal. They admitted to $35 million hack of unauthorised withdrawals.


https://www.forbes.com/sites/thomas...tocom-admits-35-million-hack/?sh=6ec5e6f57513
 
Yes, I'm making money on Binance but that's not something very frequent. I mainly use the Binance exchange platform to save my investments or asset and would likely trade on the market when it seems to be favourable to me.
 
You can make money from using Binance through spot trading, staking of cryptocurrency and futures trading. You can become a verified Binance P2P trader after passing your evaluation to become an exchanger on Binance. You will buy and sell cryptocurrency in USDT.
 
Skysaint said:
Yes, I'm making money on Binance but that's not something very frequent. I mainly use the Binance exchange platform to save my investments or asset and would likely trade on the market when it seems to be favourable to me.
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Peer to Peer is a big feature on Binance. I make use of the service on Binance all the time. I sold USDT worth of $75 on the platform today in the morning. I would have left the money to be used on my Futures account but I needed the cash for an emergency.
 
Binance has not stopped services in my home country, however, because of strict laws regarding crypto in my home country, they have limited services. If you can use Binance in your place, I highly recommend Binance. I have not found any crypto exchange that offers so many features like Binance does.
 
Almost everyone who's into cryptocurrency in any way in my country are using Binance. It's the number one cryptocurrency exchange website that we trust here. It's very good that they offer loan services to their customers. It's a big win for those who need their cryptocurrency loan services.
 
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