Binance is an exceptional sketchy exchange and I'm tired of people that are trying to make it look good because they like the color or whatever reason they have.

Based on:

https://np.reddit.com/r/CryptoCurrency/comments/sldayr/binance_is_an_exceptional_exchange_and_im_tired/

-----------------------------------------------------------------------------------------------------------------------------------------------------

Do you guys remember when this "exceptional exchange" just scammed their costumers with their DOWN tokens ?

https://youtu.be/IG8LfZoMd_E

Oh and that the whole exchange is fueled by Tether is also great. They even receive Tether airdrops and thereby can be assumed to play an active role in the ongoing Tether scam.

https://np.reddit.com/r/CryptoCurrency/comments/omfz8h/binance_is_ballsdeep_in_tether_over_17_billion/

https://youtu.be/-whuXHSL1Pg

They successfully avoided to have any legal headquarter for years until they settled for Hong Kong mediation. Thereby they made it impossible for thousands of people, rightfully wanting to sue them, to exercise their rights. It seems very convenient that Binance always runs into "technical difficulties" when the market crashes, making it impossible for their customers to exit toxic positions and ends up with their complete liquidation.

https://forkast.news/video-audio/how-angry-traders-uniting-against-binance/

https://www.theverge.com/2021/7/12/22573812/binance-crash-cryptocurrency-regulation-lawsuit

Last but not least they are widely accused to run on fractional reserve because sometimes they have to disable withdrawals for certain coins without any non ridiculous explanation. I mean its just your legal property, whats wrong with a company withholding it from you for a little while. Oh and Binance of course refuses to make any kind of audit similar to what Kraken just did.

https://np.reddit.com/r/Monero/comments/nenjl9/binance_speculation/

https://np.reddit.com/r/btc/comments/qxpot1/binance_has_suspended_bitcoin_cash_withdrawals/

https://medium.com/coinmonks/price-suppression-and-manipulation-of-bitcoin-cash-exchanges-pumping-shady-networks-solana-ad5f3a7c1481

https://www.quora.com/Why-is-Binance-not-allowing-me-to-withdraw-IOTA-It-says-withdrawal-is-suspended-I-dont-want-to-sell-or-trade-for-another-coin-I-know-how-to-do-this-how-do-I-withdraw-my-coins-from-my-own-wallet#:~:text=Binance%20has%20suspended%20it%20for,rather%20to%20and%20from%20Binance.

Yeah this Exchange is outstanding. Outstandingly sketchy to be precise.

Binance and many other popular exchanges are in fact Tether fueled offshore scams which should be avoided.

There are 2 minimum standards which we would expect from any bank we do business with and you should put the same measures on your crypto exchange:

1. A healthy exchange should never have tether in their main trading pair in terms of volume.
2. A healthy exchange is able to maintain headquarter in a civilized country with actual financial oversight and courts.

Now go ahead and downvote ... just consider yourself warned.