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[question] should i move the few momero i have from binance to Cake Wallet?
lemmy.dbzer0.com[question] should i move the few momero i have from binance to Cake Wallet? - Divisions by zeroI can’t find a reason why doing it .
Yes. They can lock your account at any time and you will have to jump through hoops to get your money. Also, If they go bankrupt you lose your money.
@tusker @nyakojiru Reminds me of China locking their citizen's bank accounts...
Chinese people when their bank got locked by the CCP:
A similar case happened here in Argentina around 2001, the government decided to forcibly convert all dollars in bank accounts to trash local currency. But these situations are at a higher level than a corporation like Binance breaking. We are talking about the whole government and all companies and oligarchs involved.