Worried about binance ban

Remocollab

Remocollab

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Jan 20, 2024
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I'm yet to experience that but i'm shook as I was planning to start using binance to receive crypto from my clients. Anyone here who receives large amounts of crypto how do you go about it? I mean do you receive on your non custodial wallet first then send to binance(custodial) to cash out or you straiht out give your binance deposit address? Thanks!
 
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Save your coins/tokens in your wallet somewhere like Ledger / Trezor.
trade them when you need to exchange then transfer them to your wallet again.
 
Remocollab said:
I'm yet to experience that but i'm shook as I was planning to start using binance to receive crypto from my clients. Anyone here who receives large amounts of crypto how do you go about it? I mean do you receive on your non custodial wallet first then send to binance(custodial) to cash out or you straiht out give your binance deposit address? Thanks!
Click to expand...
Why you are worried about binance ban? There are already so many other exchanges out there.
 
Tread carefully. Non-custodial wallets are safer for big amounts, but security's your responsibility. Exchanges like Binance are easier, but they hold the keys. Research any regulations for receiving large crypto transactions.
 
Hot or cold wallet storage can save your ass when big crypto exchanges can go bust.
 
why not using metamsk or trust wallet ? they are very safe for big volume, also you can use coinbase too, coinbase always good for withdraw to fiat
 
Remocollab said:
I'm yet to experience that but i'm shook as I was planning to start using binance to receive crypto from my clients. Anyone here who receives large amounts of crypto how do you go about it? I mean do you receive on your non custodial wallet first then send to binance(custodial) to cash out or you straiht out give your binance deposit address? Thanks!
Click to expand...
What reason they gave you for banning your account ?
 
Not your Wallet Not your Crypto.

Move out from there.
 
There are many other exchanges out there so you need not worry at all.
 
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