Mining has also been tried a little. I have said as much as I should have said. Staking has also been tried. There's so much to say I haven't said yet. I'll tell you later. I haven't tried trading yet.
One of the most common questions is where to buy Bitcoin. I don't want to answer this kind of question because I don't encourage trading, but it's a very basic question. If you don't answer, what are you going to do? Even so, I did not answer immediately. I asked if I had to buy it in the Facebook group, and I got a quick reply.. Don't do it. What's wrong with the hair? Really.
There are people who form a group at the corner of Sule Pagoda and ask passers-by, "Do you want to sell dollars? Do you want to sell dollars?" I don't know if it's still there. Those who know go to where they are lying and believe. If someone who doesn't know goes to them with a hammer in his gut, he will be lied to, to be stolen Must be beaten. I have to sweat, You have to worry. That was before it was illegal to hold dollars. Now there are legal exchange counters, including banks, so it's peaceful. There is no reason to be deceived. I believe that I went in according to the market price.
It's a small stamp, so it's discounted. I can't afford to take it because I'm a little girl. Should I call it wild? When I arrived in another country, I was given a large amount of dollars. When I arrived in another country, I started to give and take that junk. I didn't even look back twice. This is the parenthesis.
Crypto is the same. Stay away from those who say, "Brother, do you want to buy?" What will you do? There are already prominent exchanges. I will buy it calmly according to the price. Binance, Coinbase, FTX and many more. Among them, the one that is more convenient for Myanmar is Binance. Don't ask me how to use it. It is not such a difficult matter. There is a lot that others have said on Facebook.
Is Binance safe? That's what they asked. Especially today, because I downloaded it for a while for maintenance, in such a situation, some people want to worry.
Binance has a variety. binance[.]com, binance[.]us, binance[.]sg, etc. .us and .sg are clear. It is not reliable because they are officially established in accordance with the relevant country's laws. .com, where is it based? Things such as where to register are not very transparent, so there is a bit of controversy. But since it is the No. 1 exchange in terms of trading volume, it can be said that there is no reason to suddenly close it and lie.
Not only that, a term called SAFU is popular in the Crypto world. Binance was hacked in (2019). $41 million worth of Bitcoins were stolen. That's only 2% of his total holding. The remaining 98% was stored offline in a cold wallet, so it was hacked but not stolen. This shows that good security practices are in place.
(41 million) that was stolen was also compensated. This is responsibility, Shows accountability. Binance has a Secure Asset Fund that always sets aside 10% of its profits for such emergencies. So, at the same time as the hack, Binance CEO Changpeng Zhao (CZ) tweeted, "Funds are safe."
Quoting this, a YouTuber posted a video with the title "Funds are safu" and it went viral. Safe was spelled as safu, so now if you want to say that funds are safe, you just say the abbreviation SAFU. Secure Asset Fund for User is abbreviated as Secure Asset Fund for User. Binance has SAFU.
Because of these things. It can be said that it is quite reliable.
I would like to remind you that there is a saying in the Crypto world, Not your keys, not your coin. The most reliable thing is to hold it with your own wallet. If you put it on Exchange, there is a risk of being hacked. So upload and do what needs to be done. Once done, you have to withdraw it to your wallet and keep it.
Your computer and phone have malware, Wallet is broken, What if it was stolen? So let's continue later.
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