I'm in England and held various coins paired with Tether on Binance. As the market was going nowhere and I read about Binance having regulatory i

Tether being a fraud teaches us more about fiat than it does about cryptos

submited by
Style Pass
2021-07-25 16:30:05

I'm in England and held various coins paired with Tether on Binance. As the market was going nowhere and I read about Binance having regulatory issues, I decided to move all my assets back to fiat. I got as far as GBP, but Binance wouldn't allow transfer to the bank account I used when I started in Binance nor the debit or credit cards attached to the account. Their message said something like, '' this transfer isn't supported'' and' 'disabled for maintenance' '. I know nothing about computers or tech and never had a wallet, just left my funds in coins on Binance. Eventually, I found a YouTube video that knew the problem and had a workaround. I was told to get a wallet on something called Mode. Convert the GBP on Binance to BTC, then send it to Mode. It worked, though Binance took a long time to finally let go of my money. From Mode, I moved a small amount to my bank and it credited the transfer almost instantly, so I know Mode is real, a big relief. I decided to leave the rest on Mode in BTC as bitcoin is going up again. I would never go back to Binance! Can anyone recommend where to buy and sell coins.? Mark, you said don't leave your funds on an exchange, where should I hold them? Keep it simple please, I'm really not good on the tech terms or uses. Thanks Steven

Leave a Comment