Unpopular opinion: Binance is actually SAFU for storing your funds đ«Ą
Yeah, I said it. Everyone screams "not your keys, not your coins" but let's be real:
âą Proof of reserves published
âą Insurance fund exists
âą Never been hacked since 2019 (and they ate that $40M loss)
âą Liquidity deeper than any CEX
Self-custody is ideal but most people lose more to their own mistakes than exchange risk. If you're actively trading, keeping funds on Binance isn't the death sentence CT makes it out to be.
Still diversify though. Don't be stupid.
Yeah, I said it. Everyone screams "not your keys, not your coins" but let's be real:
âą Proof of reserves published
âą Insurance fund exists
âą Never been hacked since 2019 (and they ate that $40M loss)
âą Liquidity deeper than any CEX
Self-custody is ideal but most people lose more to their own mistakes than exchange risk. If you're actively trading, keeping funds on Binance isn't the death sentence CT makes it out to be.
Still diversify though. Don't be stupid.