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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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13843526 No.13843526 [Reply] [Original]

GET YOUR CHAINLINK AWAY FROM BINANCE. THEY USE YOUR CHAINLINK TO MANIPULATE THE MARKET.

Previous thread: >>13794666

>why?
Binance holds more than 40 percent of the circulating supply, and are using this to manipulate the market

>how?
All you need to do is get another ERC20 token compatible wallet, and withdraw your LINK to it.
For example. Get a wallet on my Ether wallet. (best way is to download the mobile app MEWconnect) WRITE DOWN YOUR PASSPHRASE. And withdraw your ERC20 tokens to the public address on your phone. Tadaa you are free now.

>funds are safu
No they are not. They can, will and have proven to do shady shit with their power. I wouldn't want my linkies on an exchange that doesn't give you private keys.

If you have better ways to store your linkies, feel free to share.

>> No.13843530

Feels good to be a NoLinker
...on Binance

>> No.13843533

Pasta from last thread:

OKAY LISTEN HERE MARINES
Here are two ways of doing this the hard way or the easy way.

>THE EASY WAY.
as OP says. The easy way of doing this is creating a wallet on MyEtherWallet and transferring your links to there.
1. Create a wallet on MEW
Go to myetherwallet.com and go through the simple process of creating a wallet. You'll have a public address and a private key. MAKE SURE TO WRITE DOWN YOUR PRIVATE KEY AND STORING IT SOMEWHERE SAFE.

2. transferring from binance to your own wallet.
This means going to your funds in binance, clicking withdraw, typing the public address in that you created on MyEtherWallet and going through the confirmation process of binance. (confirmation email/SMS code).
Make sure to try a small amount first to make sure you didn't make any mistakes. Yes this will cost you maybe a dollar or two more in fees. But trust me it is worth it.

3. profit

>THE HARD WAY
Okay this is the secure way of doing this. You need an old laptop, a USB stick with a bootable ISO with ubuntu on it and a program to create a ethereum wallet offline. Please DYOR when taking this route. You are only protecting yourself from the possibility of a keylogger on your main pc/phone.

1. Flash the ISO on an old laptop that HAS NEVER CONNECTED TO ANY FORM OF WIRELESS.

2. Create an address on there and again WRITE DOWN YOUR PRIVATE KEY.

3. transfer from binance to your public address. You know the drill.

4. Profit

As you can see it all involves getting an ethereum address that you find secure, as in only you know the private key.
Then you just withdraw your precious linkies from binance to that address. Your linkies will be safe and secure on the Ethereum blockchain at your address. And only you will have the key.
Hope this helps anon. We're all going to make it.

>> No.13843614
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13843614

>using a hardware wallet

>> No.13843683

>>13843533
Creating myether wallet how can a key logger steal my private key if I never type it? Just create a wallet and pen copy private key.

>> No.13843793

eh... who cares. it's dumping to 50c within the week anyway

>> No.13843829

>>13843683
Reading computer memory?

>> No.13844345

>>13843526
Anybody who didn't already figure this out is an idiot. Not your keys, not your LINK. Anything being held by binance is fair game for their bots to play with. This information is useless for every coin but LINK because there is such a high concentration of holders here on /biz/, but a lot of people here are trying to swing their stack and losing money.

>> No.13845094
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13845094

>>13843533
You should be telling people to buy a Ledger Nano S, it's a much more elegant solution than the two you outlined. If you have more than 1k linkies, no excuse not to have a hardware wallet.

>> No.13845842

>>13845094
True. I think most linkies don't hold more then 2k to be honest. But there is just so many of us. And most of them hold their linkies on binance. As >>13844345 said: anything held by binance is fair game for their bots to play with.

GET YOUR LINK TO AN ETHER ADRESS THAT ONLY YOU HAVE THE PRIVATE KEY FOR.