Q&A

Is it safe to keep funds on Binance?

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Is it safe to keep funds on Binance?

Binance Wallet (Trust Wallet) is safe to store cryptocurrencies. Do not leave your funds on Binance Exchange. Download Binance Wallet which is called Trust Wallet and store your coins in this wallet.

Should you leave crypto on exchange?

Keeping your digital assets in an exchange wallet is comes with added risks, so storing your cryptocurrency there for a long period of time is not a good idea.

Is it safe to hold Bitcoin in Binance?

Is It Safe to Hold Cryptocurrency in the Binance or Coinbase Exchanges? Both Binance and Coinbase insure their hot storage, but it may be safer to use your own cold storage via a hardware wallet.

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Is it safe to leave money in exchange?

Not really. You aren’t in posession of the private keys, you handed over the control to the exchange. Exchanges are permanent under hackers attacks and some are scammers itself. And furthermore exchanges are under regulation so it happens sometimes that they block your funds for months without telling you the reason.

What fees should I expect when trading on Binance?

Here are the fees you should expect: Binance doesn’t charge any deposit fee for any crypto asset. Thankfully, Binance has trading pairs with USDT, ETH, and BTC. However, Binance doesn’t have a trading pair with fiat. This means that if you’re going to exchange your fiat for crypto, you’re going to need to use an exchange.

How to transfer funds from Binance to Binance US?

Transfer Your Funds from Binance to Binance US. 1. Login to www.binance.com account. 2. Navigate to wallets. 3. Select Withdraw. 4. For each coin you have on binance.com, copy your corresponding binance.us’ wallet deposit address.

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Can US citizens trade cryptocurrency on Binance?

Major cryptocurrency exchange Binance is allegedly allowing some users from the U.S. to trade on the Binance.com platform, instead of Binance.US. Though trading on Binance.com for U.S. citizens has seemingly been forbidden, some alleged users are claiming that they can still trade on the site.

How to withdraw crypto from Binance to another wallet?

Withdrawing crypto from Binance to another wallet is an easy process but may be delayed due to network congestion and verification by the receiving blockchain. To withdraw any crypto or fiat currency, log in to Binance and click on “Wallet” then “Withdraw”. Next, select the crypto you would like to withdraw.