Binance, is it safe ?

Binance, is it safe ?
T

Toffee Man

Regular member
Hi All

Just few questions, for the more knowledgeable than me, people please.

Is Binance, safe to deal with, Loading Id copy ect with them ?
Are they a reputable company to buy Crypto from ?

Any recommendations on Coins, for a beginner to start with ?
 
Toffee Man said:
Is Binance, safe to deal with, Loading Id copy ect with them ?
Are they a reputable company to buy Crypto from ?
Click to expand...
Yes they are. Been with them for 8 years no issues. Probably the biggest exchange on the planet.

No recommendations. Crypto is still the Wild West and nobody can predict anything with even a small amount of certainty. That said, there is money to be made and lost but you gamble at your own risk.
 
Binance was charged and convicted in the USA for money laundering and paid a $4 billion fine. The CEO, CZ, was also found guilty and is in jail.

Do you trust your money with a criminal enterprise?

4
 
They weren't convicted of money laundering . They were found guilty of not having kyc and aml in their earlier years which is a direct violation of U.S. money-laundering laws
 
Binance founder Changpeng “CZ” Zhao was released from U.S. custody on Friday after serving out his four-month sentence in a low-security correctional facility. CZ’s sentence was the product of a federal investigation that found Binance had failed to stop widespread criminal activity on the world’s largest cryptocurrency exchange.

CZ pleaded guilty to the DOJ’s charges, paid a $50 million fine, and agreed to never be a Binance executive again. Binance was forced to pay a $4.3 billion settlement to the U.S. government, one of the largest corporate fines in U.S. history. However, CZ still retains an estimated 90% stake in Binance, according to Forbes, making him the 25th richest person in the world with a $61 billion net worth.

Shortly before his sentencing, CZ announced his next project: Giggle Academy, an education platform that claims to bring in no revenue. He’ll be free to spend his days working on that company now, which is actively hiring.
 
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