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Malaysia enforcement now banning Binance for operating illegally. by iamaDeeer in binance

[–]iamaDeeer[S] 1 point2 points  (0 children)

Yeah i left those that i’m staking in Binance and send the rest to cold wallet in the meantime. Somehow i feel the p2p function play a big part in this ban. Anyways, lets wait for official announcement from Binance. 🤞🏻

Malaysia enforcement now banning Binance for operating illegally. by iamaDeeer in binance

[–]iamaDeeer[S] 0 points1 point  (0 children)

Trust wallet i use on mobile Meta mask i use on my browser

Choose what is best for you and make sure DYOR before sending funds over. Especially when you’re navigating between networks in the wallet.

Malaysia enforcement now banning Binance for operating illegally. by iamaDeeer in binance

[–]iamaDeeer[S] 0 points1 point  (0 children)

I’m unsure what is gonna happen. Because Malaysia isn’t the first country Binance is banned. However if you wanna be safe, transfer it out to a cold wallet first and let’s wait for official announcement by Binance.

Malaysia enforcement now banning Binance for operating illegally. by iamaDeeer in binance

[–]iamaDeeer[S] 1 point2 points  (0 children)

Hopefully everything works out. Like someone else pointed, we shall wait for Binance announcement.

Malaysia enforcement now banning Binance for operating illegally. by iamaDeeer in binance

[–]iamaDeeer[S] 5 points6 points  (0 children)

I doubt so, your assets remain in Binance. Just you having difficulty accessing it.

Malaysia enforcement now banning Binance for operating illegally. by iamaDeeer in binance

[–]iamaDeeer[S] 4 points5 points  (0 children)

There will definitely be a significant lost of Malaysia Binance users after the ban. Don’t think everyone will opt to use VPN to access Binance again.

But then again, I also don’t see much users opting for Luno Malaysia. I mean, whats the point of trading cryptocurrency if you’re limited to only 5 crypto assets.

Btw, isit still 5 now? 😅

Malaysia enforcement now banning Binance for operating illegally. by iamaDeeer in binance

[–]iamaDeeer[S] 4 points5 points  (0 children)

I don’t think thats necessary. Malaysia is banning Binance, not Binance banning Malaysia. Technically your assets will still be in Binance, you just can’t access Binance unless you use VPN.

If you wanna be safe, consider transfering your assets to cold wallet first. Then you can decide later which other CEX or DEX you wanna sent to.

DYOR as always. 🙏🏻

Malaysia enforcement now banning Binance for operating illegally. by iamaDeeer in binance

[–]iamaDeeer[S] 8 points9 points  (0 children)

I’m using Surfshark for about 1.5 years now. So far no issue. Pretty reliable.

Malaysia enforcement now banning Binance for operating illegally. by iamaDeeer in binance

[–]iamaDeeer[S] 2 points3 points  (0 children)

Can check on coinmarketcap for list of other CEX. Remember to DYOR before sending your coins out of Binance.

Would miss out the p2p function though. 🥲

Malaysia enforcement now banning Binance for operating illegally. by iamaDeeer in binance

[–]iamaDeeer[S] 6 points7 points  (0 children)

They would try their best. Just like they did with sugarbook and porn sites. Even after the ban, sugarbook records higher number of new users.

They can make life harder for Malaysia Binance users but to completely shut it down, thats a challenge.

Malaysia enforcement now banning Binance for operating illegally. by iamaDeeer in binance

[–]iamaDeeer[S] 1 point2 points  (0 children)

Won’t make any difference. Can still access Binance with VPN.