I trust Binance, the world's largest centralized exchange. Still, I only use it primarily as a bridge between crypto networks.
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I trust Binance, the world's largest centralized exchange. Still, I only use it primarily as a bridge between crypto networks.
I only ever trust anything in this world to an extent. We don't know that the sun will rise tomorrow, but we damn sure trust that to a substantial extent. The likelihood that when money is involved, shady or illegitimate shit happening, or sanctions/taxes/laws/etc to inhibit, occur, is highly likely and occurs on an almost daily basis where most business is conducted around the world. It's just something to consider, but if we all lived in fear, none of us would progress, right? :P
I mean, trust is a strong word but yeah, they're quite dependable for a lot of things. I rely on their P2P channels to sell crypto for naira that funds my life.
Cexes are a necessary evil.
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You're a Nigerian right?
Yeah
How do you do p2p with binance, I thought that wasn't open to Nigerians? Or is it that you can sell but can't buy?
Necessary evil indeed. As I said in the comment I just posted... If we all lived in fear, none of us would have progressed. :P