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Basic Questions about Cryptos / Re: Binance, the best crypto exchange?
« on: February 22, 2024, 12:56:28 AM »
Yeah..everyone feels secure with Binance because it's widely used. So, users expect all the staff and owners of Binance to take responsibility if there's ever a problem. As long as they hold the top position and remain the most popular, I think they should also commit to providing top-notch service as the number one exchange.
The business ecosystem has been well-established, which should reassure users because Binance's finances should be sufficient to enhance their security and offer better service to users.
But unfortunately, this is a centralized exchange, so there's no guarantee it will remain safe indefinitely. There are things they know that we don't. So, it's important to stay cautious even though Binance is currently the best.
Someone said... not your key, not your coin.
The business ecosystem has been well-established, which should reassure users because Binance's finances should be sufficient to enhance their security and offer better service to users.
But unfortunately, this is a centralized exchange, so there's no guarantee it will remain safe indefinitely. There are things they know that we don't. So, it's important to stay cautious even though Binance is currently the best.
Someone said... not your key, not your coin.