RE: DO NOT PAY FOR ICO's or TOKEN SALES WITH BINANCE WALLET! Direct Statement from Binance Staff

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DO NOT PAY FOR ICO's or TOKEN SALES WITH BINANCE WALLET! Direct Statement from Binance Staff

in cryptocurrency •  7 years ago  (edited)

Excellent question. I believe it is because they do not want the potential backlash from people who lost money on exit scams. For example, thousands of users may create support tickets attempting to have Binance reverse the transactions. This happens often, and will happen more often as more new people get interested in cypto without fully understanding how the blockchain works.

In short, they don't want any sort of liability to be shifted on them.

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Ahhh. Great response. There are always going to be those people... =\