₦airaland Forum

Is it better to save money in Binancé or Trust Wallét?

blackpanthar:
https://www.nairaland.com/8007466/binance-confirms-working-tinubu-govt

Are you okay? Why must you comment if you have nothing important to write?

None


They don't belong to you


One's owned by a corporation snd and a chink the other is non propertiary software owned by a chink

Xenry:
Are you okay? Why must you comment if you have nothing important to write?

dont put your money in binancee or any of them.... YOU WILL LOOSE.... BECAUSE THE GOVERNMENT IS COMING FOR IT.

I was trying to help you see this.

but since you chose to be insultive... may God bless you

blackpanthar:
dont put your money in binancee or any of them.... YOU WILL LOOSE.... BECAUSE THE GOVERNMENT IS COMING FOR IT.

I was trying to help you see this.

but since you chose to be insultive... may God bless you

My apologies. I thought you were spamming the thread. I will read the thread you recommended. Thank you for the recommendation.

SIXFEETUNDER:
None


They don't belong to you


One's owned by a corporation snd and a chink the other is non propertiary software owned by a chink

Does any bank really belong to any of us?

Xenry:
Does any bank really belong to any of us?

Banks belong to the FG



Just create your own bank bobo

blackpanthar:
dont put your money in binancee or any of them.... YOU WILL LOOSE.... BECAUSE THE GOVERNMENT IS COMING FOR IT.

I was trying to help you see this.

but since you chose to be insultive... may God bless you

Apart from Binance the Goverment can't come for anything. Instead of the govt to go after their fellow politicians that stockpiles dollars at homes and banks they are going after street hustlers. Make una continue to deceive unaselfs.

OKOATA:
Apart from Binance the Goverment can't come for anything. Instead of the govt to go after their fellow politicians that stockpiles dollars at homes and banks they are going after street hustlers. Make una continue to deceive unaselfs.

we will always be ahead of them.... but I can't cast the update.

blackpanthar:
we will always be ahead of them.... but I can't cast the update.

Yes o. It's better to keep it to oneself.

Cryptocurrency is the currency of the Internet, it is decentralized hence it is impossible for one government to ban it. Even if it gets ban, the ban can never be enforced.

Exchanges like Binance easily play into the hands of government because a business policy can never override the policies of government of a particular region otherwise, your business will be shutdown in that region. However if Binance get banned in Nigeria, it will only be a shadow ban because you really can't block the transaction of crypto but you can only stop the app operation in your country.


Trust wallet is safer because you have the key and top layer security and no government can block blockchain, you would have to block or crack blockchain before you can have access to coin stored in trust wallet. Government can't do that, Government can't block trust wallet either because it is decentralized with no known owner/controller of the app.

Another advantage is exchanges can be hacked but a trust wallet cannot be hacked.

So your crypto is far safer in trust wallet than exchanges wallet.