Can Binance fall the same way as FTX?
- Thread starter sscaz
- Start date
DasB00T
BANNED
- Sep 27, 2023
- 15
- 2
Yes It can, there’s no such thing as too big to fail in cryptocurrency. I don’t understand why you wouldn’t buy a hardware wallet for 100$ to keep self custody of your assets, instead of trusting someone else with it.
ProgressNow
Registered Member
- Mar 4, 2017
- 56
- 19
Never keep lot of money on CEX, a recipe for lot of bad things to happen. Move it to a cold storage wallet/ self hosted wallet ASAP and stay safe!
- Aug 29, 2023
- 256
- 187
If Binance falls, whole market is gonna crash anyways, for me it doesn't even worth moving my assets to a cold wallet.
chockfactor
Power Member
- Jan 16, 2010
- 644
- 335
Binance gets attacked on the regular one of the reasons is because they and keep insane government imposed rules away from crypto. But I doubt binance falls. I mean I heard a lot about ftx before the fall, but not that many who used it regularly
Punctogn
Banned - Previously Banned Member
- Jan 17, 2023
- 187
- 234
It is possible for Binance to fall, but they seem different from other exchanges. They are more like a crypto bank now.
DahudMJ
Newbie
- Oct 31, 2023
- 34
- 4
Yes it can and coping with the recent news about the lawsuits and also a popular footballer CR7 getting sued for promoting binance, it seems binance is approaching its end. It seems its best to find an alt that's transparent. I'm going with bitget because they fulfill my conditions in all aspects
doubledhamal
Senior Member
- Mar 24, 2023
- 1,147
- 304
They survived the penalty and CEO stepping down. You should get an idea of how strong they are.
i think the same way