Originally Posted by
MrSink
I see you are really trying to make some efforts to disinform big on those crypto threads . if you are really trying to help poster here with your answer how about making it informative instead of just random laughs
to clear things out , goat , whenever you are holding any crypto on centralized exchanges ( like binance , kraken , coinbase etc ) you are not in possession of your crypto . it is just like you are holding account in bank and you just see numbers . in case bank is down you do not have your money . it is same with crypto , exchange is down you cannot access your funds , unless you withdraw your provate keys into wallet .
however to obtain assets it is the most convienient to get them from most reliable exchanges ( like binance , coinbase , kraken and so on ). it is harder to get them from decentrialized exhanges , also probably more expensive and you need to put more hustle into it . So I believe it is safe to say binance as #1 exchange in traffic is very reasonable way to go . also goat you asked about 2 way authenticator and I know it is there and it is making it very hard to hack any account.
there is possibility of exhange being down . we had situation like that in the history with MtGox being biggest exchange at that time and still peoples funds are frozen . so if you do not want to make any transaction after buying you can put coins into wallet and leave them there . however if you want to make any transactions , it is way more convienient to keep money at hand at exchange
regarding those binance accusations , most of them are towards futures , and regulations that investing on leveraged options are only for saavy investors . this is for example uk binance case and it is not toward spot accounts in uk in general .