Binance Square

Stephen Cui

Open Trade
BTC Holder
BTC Holder
Frequent Trader
10.5 Months
高纬度思考,高纬度学习,高纬度生存!
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#中心化与去中心化交易所 Since we're talking about exchanges, we're inevitably talking about trading. If it's not trading, let's leave that for later. Trading must ensure the safety of funds. If you're trading with someone you know well, don't use an exchange. Transfer directly via wallets. When dealing with strangers, naturally use an exchange, and choose the most secure one. After the transaction is completed, quickly distance yourself from the exchange. If it's not trading, then it’s holding. It must be done on a non-centralized blockchain. This is the essence and original intention of cryptocurrency. It's also the safest. What I've mentioned above is for large funds. If you only have 1-2 million, just stick to using exchanges like Binance.
#中心化与去中心化交易所
Since we're talking about exchanges, we're inevitably talking about trading. If it's not trading, let's leave that for later.
Trading must ensure the safety of funds. If you're trading with someone you know well, don't use an exchange. Transfer directly via wallets. When dealing with strangers, naturally use an exchange, and choose the most secure one. After the transaction is completed, quickly distance yourself from the exchange.
If it's not trading, then it’s holding. It must be done on a non-centralized blockchain. This is the essence and original intention of cryptocurrency. It's also the safest.
What I've mentioned above is for large funds. If you only have 1-2 million, just stick to using exchanges like Binance.
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The C2C market in Hong Kong is very quiet. It does not match Hong Kong's status at all. Or should I say...
The C2C market in Hong Kong is very quiet. It does not match Hong Kong's status at all. Or should I say...
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BTC/USDT
Buy
Price/Amount
107,500.99/0.02192
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BTC/USDT
Sell
Price/Amount
108,599.99/0.01591
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BTC/USDT
Sell
Price/Amount
104,888/0.00798
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I bought some U coins today, and then there was nothing else, Binance locked my coins, what is the reason? There is no reason, the only explanation is for my safety. Do Chinese people find this familiar? Yes, it's just like what those banks do: for your own good, your money cannot be withdrawn! Hehe, did I ask you to be good to me? Did I allow you to be good to me? Why don’t you let me be good to you? Screenshot as follows:
I bought some U coins today, and then there was nothing else, Binance locked my coins, what is the reason? There is no reason, the only explanation is for my safety.
Do Chinese people find this familiar?
Yes, it's just like what those banks do: for your own good, your money cannot be withdrawn!
Hehe, did I ask you to be good to me? Did I allow you to be good to me? Why don’t you let me be good to you?
Screenshot as follows:
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Why does Binance try to delay the resolution time as much as possible when disputes arise in C2C transactions? As a buyer, I purchased coins from a seller, transferred the payment to the seller via bank transfer, and provided the payment screenshot to the seller. The seller did not release the coins and has disappeared. I can only file a lawsuit. I provided the payment screenshot. Binance intervened and asked the buyer to provide evidence. The buyer continued to be missing. Binance asked both parties to provide video evidence, requiring the buyer to provide a video of the payment. The buyer would not record a video at the time of payment, so they could not provide it, and I received no response. The reason for not responding is that I have encountered this situation many times. Even if a video is provided, Binance will update the video requirements, asking the buyer and seller to provide another video, and will claim that your video does not meet the requirements, insisting on further recordings. If you contact customer service for help, the video suddenly becomes acceptable. At this point, the seller remains missing. In short, in such matters, the seller as the opponent will completely disappear, leaving me to cooperate with Binance's hassle alone. During this process, my money has already been transferred to the seller, while the coins are locked on the Binance platform. I have encountered this situation multiple times, both as a buyer and as a seller. The situation as a seller is: the buyer does not transfer the money but clicks 'Transferred' on Binance and then disappears. As a seller, I neither received the money nor the coins, which are locked by Binance. Then there is a long, endless process of cooperating with Binance to provide evidence, screenshots, videos, and various conversations. Binance can drag this on for over ten hours to dozens of hours. In this process, who benefits and who suffers? It is clear that the party following the rules suffers, as the coins or money remain unusable for a long time. Binance benefits as the coins are locked on the platform; if such situations are frequent, Binance will always have a pool of funds available for free use. Meanwhile, the other party that does not follow the rules can simply walk away without any loss, and of course, without any benefit. So, this is why Binance's resolution of such issues is becoming slower, with more and more requirements for evidence, and the difficulty of providing evidence is also increasing.
Why does Binance try to delay the resolution time as much as possible when disputes arise in C2C transactions?
As a buyer, I purchased coins from a seller, transferred the payment to the seller via bank transfer, and provided the payment screenshot to the seller. The seller did not release the coins and has disappeared. I can only file a lawsuit. I provided the payment screenshot. Binance intervened and asked the buyer to provide evidence. The buyer continued to be missing. Binance asked both parties to provide video evidence, requiring the buyer to provide a video of the payment. The buyer would not record a video at the time of payment, so they could not provide it, and I received no response. The reason for not responding is that I have encountered this situation many times. Even if a video is provided, Binance will update the video requirements, asking the buyer and seller to provide another video, and will claim that your video does not meet the requirements, insisting on further recordings. If you contact customer service for help, the video suddenly becomes acceptable. At this point, the seller remains missing. In short, in such matters, the seller as the opponent will completely disappear, leaving me to cooperate with Binance's hassle alone. During this process, my money has already been transferred to the seller, while the coins are locked on the Binance platform.
I have encountered this situation multiple times, both as a buyer and as a seller. The situation as a seller is: the buyer does not transfer the money but clicks 'Transferred' on Binance and then disappears. As a seller, I neither received the money nor the coins, which are locked by Binance. Then there is a long, endless process of cooperating with Binance to provide evidence, screenshots, videos, and various conversations. Binance can drag this on for over ten hours to dozens of hours.
In this process, who benefits and who suffers?
It is clear that the party following the rules suffers, as the coins or money remain unusable for a long time.
Binance benefits as the coins are locked on the platform; if such situations are frequent, Binance will always have a pool of funds available for free use.
Meanwhile, the other party that does not follow the rules can simply walk away without any loss, and of course, without any benefit.
So, this is why Binance's resolution of such issues is becoming slower, with more and more requirements for evidence, and the difficulty of providing evidence is also increasing.
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$BTC #跌 $BTC is now in a period of sideways fluctuation and will continue to fall, perhaps below 56,000.
$BTC #跌 $BTC is now in a period of sideways fluctuation and will continue to fall, perhaps below 56,000.
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#MyFirstSquarePost Newcomer check-in, let's chat together! Arriving here, seeing the community, reading the posts of seniors, I felt a familiar vibe. Are these big shots all stock market experts turned battlefield warriors? The same technical analysis, the same divide between mindset and technique, the same personal testimonials. Brothers, I have just one thought: cryptocurrencies have no real value; the only profit comes from having a buyer who believes the price will continue to rise. You need luck.
#MyFirstSquarePost Newcomer check-in, let's chat together! Arriving here, seeing the community, reading the posts of seniors, I felt a familiar vibe. Are these big shots all stock market experts turned battlefield warriors? The same technical analysis, the same divide between mindset and technique, the same personal testimonials. Brothers, I have just one thought: cryptocurrencies have no real value; the only profit comes from having a buyer who believes the price will continue to rise. You need luck.
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