facebookBinance.com was placed under MAS alert list (article below). What are the repercussion of this? Have quite a few coins under binance.com , does it mean I have to withdraw them all? - Seedly

Anonymous

02 Sep 2021

βˆ™

Cryptocurrency

Binance.com was placed under MAS alert list (article below). What are the repercussion of this? Have quite a few coins under binance.com , does it mean I have to withdraw them all?

https://www.straitstimes.com/business/banking/b...

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You can still trade on the binance web app but looking at how regulators can take to review and approve binance again, you risk further clamp downs.

You can swap to BUSD and transfer over to crypto.com with close to no fees on BEP network. BUSD will convert 1:1 to USDC which you can use to trade or cash out to your DBS account (:

Below are their platforms and my referral links if you need one.

This their exchange app, fees up to 0.4% and below. You can stake to reduce fees.
https://crypto.com/exch/xgt34bfvm7

This is their Visa card app, it’s similar to Coinhako and you can’t do limit orders but no fees just spread.
https://crypto.com/app/xgt34bfvm7

Robin

06 Sep 2021

Administrator at SG

I have since shifted all my binance coins to coinhako. Good do so soon.

I feel, current cryptos are not investing, but gambling....

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