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RE: The Danger of trading with "foreign" exchange.
I completely agree that we should be very careful about where we keep our money, but well I guess the crypto world is in early stages so these things can happen.
Yes it is pretty early . It is just very amateurish sometime and we need to make sure , as trader, to fight for the right to influence some changes. We need to become aware of the risk inherent to some exchange practice. Fact is that Binance incident needs to be clearly communicated to the traders and we need to know what had happen here. This is very important for reestablishing the trust between us.
I only hope Binance will, in fact, take serious measure to avoid such problem in the future. They need to invest not only on the CEO lambo but on their servers :)
I think that the most important thing right now is not to panic, since we are going through tough times in the market the truth is that everyday there is more people willing to get involved in the crypto world, so if binance release a memo saying that they are working on expanding services I choose to believe them, besides that.. they are one of the best exchanges at the moment.
But I agree on most of your insight, regards.