Of course. Don't trade on such junk exchanges. Buy on Binance, Bitget etc ... still incomprehensible to me how you buy coins on Bisons, bitpanda etc ... and the fees are 15x higher ...
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@Testo-Investor It's not primarily about buying, but about storing. I don't really want to transfer to the ledger anymore because, as I mentioned, I don't want to deal with the regularities.
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@six not everyone who uses a cold wallet has to break it down... at least that's how I understood it... only if you trade on the weird exchanges - as mentioned. NO EXCHANGE is safe ... and certainly not your weird EU stock exchanges.... sorry... they certainly aren't.BingX, Binance, Bitget etc... have the shares all insured etc... But you don't leave your crypo holdings on the exchange.
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@Testo-Investor For some, however, independent storage is too complicated and too risky. Therefore, these people prefer to leave the cryptos on the exchange.
At Bison, the cryptos are held in trust offline at blockknox GmbH.
How are the coins secured at Binance?
At Bison, the cryptos are held in trust offline at blockknox GmbH.
How are the coins secured at Binance?
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@Mcl1991 I also had the previous coins on my ledger. That wasn't a problem for me. I just don't want the new rules.
@Testo-Investor I also tried Strike, but it's the same problem with the regularities.
@Testo-Investor I also tried Strike, but it's the same problem with the regularities.
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•@Mcl1991 Binance has set up the "Secure Asset Fund for Users" (SAFU). This is an emergency fund that was launched in 2018. A portion of trading fees (usually 10%) goes into this fund to cover users' losses in the event of a hack. Binance was hacked in 2019, with 7,000 BTC (around USD 40 million at the time) stolen. Thanks to the SAFU fund, all users were compensated. This shows that Binance is taking security measures, but a residual risk remains.
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•@six I have no idea. I don't do anything where I have to adjust anything. Done... That speaks exactly against my attitude of crypto.... If I want and have to pay taxes then I do that, but I don't disclose my wallets. That's it. That's why I use exchanges where this -currently- doesn't play a role.
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