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RE: Proof of Keys Reminder for 1/3/2019
It’s not decentralized....do you have the encrypted private keys???? No, you only have a user name and password. Binance technically owns YOUR cryptos.
It’s not decentralized....do you have the encrypted private keys???? No, you only have a user name and password. Binance technically owns YOUR cryptos.
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if you use open source wallets, you dont run this risk. You open a free acct at Bitshares which is its own blockchain. Transfer cryptos either there or cryptobridge.....your login in info is good for both exchanges. YOU hold the private key and only you. Your password is your private key. Cryptobridge is a de centralized exchange built on the bitshares blockchain.
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