Shib and DogeCoin on Binance - What do I do ?

[STPOnline]

Hi Guys

I hope someone can point me in the right direction, I have some Shib and Doge on Binance what do I do with it ? With all this SARS news going around, Binance Blocking users from SA etc

Do I keep it there ?
Transfer it somehow to some other platform, if so, how ?

Would like to know your thoughts!

Thanks

 

[BrilliantTech]

Chainex

 

[Twitch_ZA]

Hi Guys

I hope someone can point me in the right direction, I have some Shib and Doge on Binance what do I do with it ? With all this SARS news going around, Binance Blocking users from SA etc

Do I keep it there ?
Transfer it somehow to some other platform, if so, how ?

Would like to know your thoughts!

Thanks

Hello. Don't let the FUD get to you. It's understandable to be concerned regarding SA and the regulations on Binance. It's only stopping us from using some services like margin trading, futures or any kind of leverage. Shouldn't be messing with this unless you are an experienced trader anyway.

You can still withdraw and deposit and as well as spot trade on Binance without issues currently.

What is your goal for the cyrpto you have? Do you feel comfortable to hold long-term, do you want to sell it all now/take profits?

If you're wanting to hold long-term, you can always move to cold storage for peace of mind.

If you want to sell. Luno is easily accessible and you can cash out in as quick as 20 minutes to an SA bank account.

This is not financial advice

 

[STPOnline]

Hello. Don't let the FUD get to you. It's understandable to be concerned regarding SA and the regulations on Binance. It's only stopping us from using some services like margin trading, futures or any kind of leverage. Shouldn't be messing with this unless you are an experienced trader anyway.

You can still withdraw and deposit and as well as spot trade on Binance without issues currently.

What is your goal for the cyrpto you have? Do you feel comfortable to hold long-term, do you want to sell it all now/take profits?

If you're wanting to hold long-term, you can always move to cold storage for peace of mind.

If you want to sell. Luno is easily accessible and you can cash out in as quick as 20 minutes to an SA bank account.

This is not financial advice

Hey There

Thanks for the reply, I just want to let it sit in Binance ultimately, when the time comes (one day) to sell it all and take profits as right now its to early to yield any profits.... Then that begs the question if I do want to move it from Binance to likes of either Altcointrader or chainex to have them all in SA, what is the best way to achieve this ?

To many considerations SARS wants to take take take.......

 

[Confucius]

Hey There

Thanks for the reply, I just want to let it sit in Binance ultimately, when the time comes (one day) to sell it all and take profits as right now its to early to yield any profits.... Then that begs the question if I do want to move it from Binance to likes of either Altcointrader or chainex to have them all in SA, what is the best way to achieve this ?

To many considerations SARS wants to take take take.......

If you want to hold for the long term, then a cold storage is your safest bet…. Well from a sars perspective at least. Not safe is you lose your keys.

Ledger, for example, allows you to also swap coins.

 

[Dreamsword]

What are the other alternatives to cashing out besides Luno ?

 

[STPOnline]

What are the other alternatives to cashing out besides Luno ?

Its either cash out, keep it in the exchange ie altcoin or move it to a wallet

 

[#404]

Hi Guys

I hope someone can point me in the right direction, I have some Shib and Doge on Binance what do I do with it ? With all this SARS news going around, Binance Blocking users from SA etc

Do I keep it there ?
Transfer it somehow to some other platform, if so, how ?

Would like to know your thoughts!

Thanks

Try Coinbase