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6413544 No.6413544 [Reply] [Original]

Is Binance really a safe place to store your coins? I've tried Ledger Nano S and it's so glitchy I seriously feel more comfortable with Binance.

>> No.6413566

very safe, unless they get hacked

>> No.6413569

Binance is king, haven't had any problems so far.

>> No.6413656

>>6413544
Exchanges are vulnerable to hacks, seizures, bankruptcies, exit scams, etc. Of course, you can also mess up if you store your coins locally. It depends on how much you have and what you're comfortable with. All things considered, keeping the coins locally or on a ledger is safer, but as long as you understand the risk and know what you're doing, do whatever.

>> No.6413696

>>6413656
Got more money on binance than my bank account has ever seen.

>> No.6413736
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6413736

>>6413566
>>6413569
>>6413656

>> No.6413772

>>6413696
Then I'm praying your withdrawal process will go smoothly!

>> No.6414112

>>6413544
put it in a paper wallet faggot

>> No.6414271

Just made an account. But I need a place to directly purchase some coins.

>> No.6414306

>>6413566
>very safe
>unless they get hacked
don't store your coins in binance you moron

>> No.6414383

>>6413544
>>6414306
I store them on binance. When I'm really certain of some shit being a long term hold, I'll get a cheap chromebook to store my wallets and have paper wallets laminated and stored in a safe. But I'm not at the point of making it where I want to go through all that shit since I trade everything after a month.