Binance Releases Proof of Reserves System

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After various crypto exchanges and lending debacles of late, the main focus is how to regain and establish trust between customers and crypto services providers, especially those who are centralized.

Publishing and maintaining a proof of reserves system is one of the better options.

Every big player is doing it or planning to do it. Since #binance is by far the biggest player it was only a question of time when will they release it too. And here it is

Binance Proof of Reserves System

I will let you decide whether the resources they have gathered on their PoR page will convince you. Binance owns around three-quarters of the market and is actually the biggest threat to its stability, however strange this sounds.

What are your thoughts?


better and better
:ervin :lemark

Posted Using LeoFinance Beta



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16 comments
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Binance, never tired of giving out nice updates. It remains my choice

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It is one of my top three choices too. Mostly because of bonuses and cards.

The other two are Bittrex and Bitstamp.

3B :)

!invest_vote

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I’ve use Bittrex before. It was a nice experience

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I received a mail from them in this regard. So far Binance has managed to survive pretty much everything, from hacks to bear markets and tons of regulation. I don't like that it is so compliant, but it looks reliable to me. I wouldn't hold no damn coin on it though...

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So you don't trust them?

I have some BNB on it and am using their CC for small/online expenses.

!invest_vote

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I have a cc from them as well, but still a centralized exchange...

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