CZ, founder and CEO of Binance, answers the question: Is It safe to store your cryptocurrency on an exchange in 2020? August 2020 What is the best …
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Is it Safe to Store Cryptocurrency on an Exchange in 2020? | CZ CEO Binance Interview
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Great work, as always
Eth is dying. Overhyped wackness
I know that Binance is safe, but when I first was researching crypto I actually made an account on Quadriga, which was big in my country.(Canada) Thank god I never bought anything on there. Read up on it. I would personally use other wallets.
Do both, hold what you want to save long term on your own and keep liquid assets on the exchange
I highly respect CZ, people give him too much shit for his hard bloody work.
funds are safu
I've used Binance for 3 years now, not a single complaint – On the other hand, their customer service was amazing the couple times I needed it.
That being said, google Mt. Gox and never forget "Not your keys, not your coins".
I try not to keep more than a few thousand bucks worth of bitcoin on any exchange, but only because I don't need to take that risk, as I'm a long term hodler.
Heeeey Andrew and Aaron, first of all, great job you guys do! Awesome interview and great pieces of it you share nowadays. I've subscribed a while ago and I always watch everything you upload. I like your perspectives a lot, so I WOULD LOVE YOUR OPINION ON THIS
https://www.reddit.com/r/cryptocurrencymemes/comments/i32qu2/its_totally_fine_that_all_the_major_btc_mining/
I'M GENUINELY CONCERNED AND I HAVEN"T GOTTEN A SINGLE ANSWER ON ANY YOUTUBE CHANNEL ABOUT CRYPTOS. I'M ABSOLUTELY CURIOUS OF YOUR THOUGHTS.
Should i just store them on a "LEDGER NANO"
Guys I like your content. I’m a brilliant old guy almost 60. Which means I realize you aren’t too old to learn new tricks. Otherwise I never would have learned Bitcoin.
Buy bitcoin
Not your keys not ypur bitcoin
What?
very good points. It takes a lot of time, patience and record keeping skills to manage crypto independently. I suspect most people don't have enough of two or more of those requirements.
Not your keys not your crypto .
It's called a Centralized exchange for a reason .
Basically nothing is fool proof.
Menlo One project really great project.
Recently they tied up with government pharmacy,
pharma defi project.
Still lot of special features coming to Menlo One project ???
Altcoin Daily wow
The cryptocurrency market has made a lot of people very wealthy over the past decade.
I store mine on robynhood
$FFF is one of the best gainers today on #MXC_Exchange creating all time high! I think this project is releasing a great news soon!! Hold your bags guys you can still accumulate some $FFF too! ???
He doesn't mention that they insure your coins up to 200k I think?
I bought some coins few years ago on binance left it in ther and forgot about it, logged back in years later and its still in there
So is this good to keep your coins in binance wallet or keep your coins in your own wallet? Any advise
That’s such a great video. Thank you for making it.
I still have questions about it. When we deposit crypto in MetaMask, where is the crypto stored? Is it stored with MetaMask server? Let’s say if one day MetaMask is gone, are we still able to access our crypto?
Also, if we become a liquidity provider in defi exchange like Uniswap, where is our crypto stored?
Thanks in advance!
If they don't want people to keep bitcoin on the exchange… then why do they have a withdrawal fee?
Reaching out for HELP I have left coins on the Binance Foreign Exchange as a United State Citizen. As a beginner I left my coins there and the exchange doesn't verify for US now. Trying to transfer to Binance US and the withdrawal has been reset to normal but it still won't transfer been trying for 4 days now. Been lot out of my own account. Hoping the CEO can HELP.
if i dollar cost average every time a fiat deposit went missing on
binance…i probably would not need to work anymore…binance
support…does not exist…bye bye money
Having your own private key is like having your entire life savings all in cash stashed away in your home. No, actually it's more like it's all on one bill, or like some tiny keychain.
What if someone lives with their room mates, and has a large amount of money stored in their ledger? What if someone breaks into your house and robs you at gunpoint? What if you lose your ledger or your private key? It's way unsafer to store your own private key in my opinion.
Funds are safu
Funds on Binance are safu.
Why don't Binance (Unless they have) create their own hardware wallet..so easier to transfer from their Exchange.
Funds are Safu.
oh, I wish I got into this sooner. Early investor billionaires, please be nice to us millionaires.