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RE: ALERT - Openledger Has Locked up Steem and SBD
That's insane. If it's just "underperforming" it should be no sweat to them to allow our little 💩 coin to just be transferred off the exchange. Wouldn't be losing anything they weren't about to "dump," right?
B.S.
I'm grateful for Binance, it's my one place to buy or sell STEEM (unless it's just going straight to Monsters.) But yeah, we should all be advised to avoid keeping stuff in exchanges.
lol @ little 💩 coin haha
Yeah, it's ridiculous, and Steem might be underperforming in "value", but not compared to some coins out there worth 0.00001 , and in terms of blockchain transactions, our performance is still very healthy.
Binance is the only exchange that I've used for larger transactions, and I must say, it's absolutely my favorite. I love it.
Even Binance has had times in which they were undergoing compliance regulations and had to shut down to certain areas, so it's never wise to keep large sums locked up imo. In terms of keeping crypto on an exchange, I would say a good rule of thumb is similar to the investment tip of "not more than you can afford to lose."
Thank you for your thoughts, hopefully this will help get the word out, and some people will get whatever they are able out of this scam of an exchange.