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I'm starting to lose trust in this exchange

Binance

Cryptocoins Exchanges / Binance 212 Views

Since the SEPA issue hasn't been resolved yet, which is something that I highly doubt will ever be resolved at all, I decided to transfer my fiat in USD. What was my surprise when I read that they want me to deposit the money into an account located at Seychelles. I did some quick research about this matter and it seems that their HQ are located at Cayman Islands and Seychelles. When I saw this, I checked Reddit to find more information and possible issues with Binance and it seems like the withdrawals can be a hustle sometimes. The lack of technical support concerns me, along with the details mentioned above. The SEPA issue was a red light at first, but at this pace, I'm not sure about how things can get better in the future regarding legal issues. Hell, even some banks have banned Binance.

Having into account these details, I'm afraid that they won't give a shit about the users if the exchange get hacked. I don't really get how a company with these kinds of flaws is still considered as the best.

What do you guys think? Am I concerned for things that doesn't have that much magnitude? Should I move to another exchange? (I'm in Europe)

submitted by /u/iGunzerkeR
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