Is binance really trustworthy?

smmping

Junior Member

Jr. VIP

Dec 29, 2024

117

20

• Dec 29, 2024

• #21

Buy your bitcoins, send it to a cold wallet and forget about it for 10-20 years, profit

 

TheSplinter

Elite Member

Jr. Executive VIP

Jr. VIP

Apr 15, 2021

3,120

1,654

• Dec 29, 2024

• #22

Yeah, it's one of the main ones. Kraken is pretty trustworthy too.

 

Kennysplash

Newbie

Jun 13, 2021

18

6

• Dec 29, 2024

• #23

I have never had any issue with Binance, and I so much like their tight security (at least from the member’s perspective).
I know fully well that my assets cannot be compromised.

 

doctorpay

BANNED

Dec 27, 2024

62

9

• Dec 29, 2024

• #24

Any centralized exchange is a security risk but you can just buy crypto and send it to a DEX instead of doing your main trading on Binance

 

Crytononame

Senior Member

Oct 24, 2024

804

442

• Dec 30, 2024

• #25

kalpana007 said:

At such, is binance really trustworthy in 2025 ?

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Trustworthy crypto exchanges? That's an oxymoron. This market thrives on uncertainty, shady practices, and occasional rug pulls. If everything was transparent and regulated, the big gains would be gone.

 

jose0033

Newbie

Feb 7, 2025

4

3

• Feb 11, 2025

• #26

i think if Binance collapses, crypto will do so too, so its kinda a comforting thing to leave it in the CEX to a certain extent, however of course the correct practice is to store in a hot/cold wallet

 

please read

Power Member

Mar 30, 2019

518

512

• Feb 11, 2025

• #27

 

mosira22

Junior Member

Oct 30, 2023

133

44

• Feb 11, 2025

• #28

I'm also using binance, and I'm using it well without any problems.

 

Limidop

Junior Member

Dec 14, 2021

104

16

• Feb 11, 2025

• #29

kalpana007 said:

Many members here recommend binance as the best exchange. But I was reading their history and found that they had also been hacked in past. Their owner had also been culprit of fraud which he admitted. At such, is binance really trustworthy in 2025 ?

Click to expand...

Well, Binance is the best exchange for now. Don't put all your crypto on Binance for security reasons.

 

shijin

Elite Member

Jr. VIP

Aug 21, 2023

4,071

1,700

• Feb 11, 2025

• #30

Binance has been through some drama, but I still trust them more than most exchanges in 2025, tbh.