$BTC Be careful, I lost my life savings to Binance
Binance.com
I was temporarily all in on Bitcoin, I know this is silly but it was the solution to a problem. I had a large position, one I am comfortable with and accept the risks.
What I never anticipated was for Binance to request source of funds. Fiat deposits/payslip/tax statement/recent deposits are fine but they asked me to show proof of ownership of every wallet I have ever used to deposit into Binance with, given the nature of Crypto/lost wallets, this is wrong/crazy. A new transaction, yes, you are going to have the keys.
I have over 100 deposits with various wallets new/old/historic.
I am missing a couple of wallets from when I started, Binance will not release my life savings, EVER.
Don't leave more then 5% on a centralised exchange, I say this as someone extremely close to suicide as I have lost my life savings/my life.
Hope this prevents someone from the pain/taking their own life.
I believe in Bitcoin, if it goes to zero (unlikely) I would have accepted the loss. But for it to be taken by Binance is different.
My account is nothing more then a trading account, I done nothing wrong. I wasn't keeping my crypto on the exchange, it was there for a couple of days and I got the error message when I was trying to transfer to cold storage.
I believe it exceeded an amount which triggered the source of funds.