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> The bot requires users to have a Binance account ... (trade only, no withdrawal access) > Users will always own their own coins. To be fair, users do not ac

> The bot requires users to have a Binance account ... (trade only, no withdrawal access) > Users will always own their own coins. To be fair, users do not actually own the coins if Binance owns the coins. Sounds like a cool bot though, and great looking site! I signed up for the private beta. Looking forward to the open source!

hanniabu 9y ago
Blocknet is an awesome open source project you may want to look into. It's an interoperability protocol and one example use-case project they built on it is a trustless decentralized exchange that allows you to trade directly from your wallet.
- haggenballs 9y ago
  That's awesome. I definitely want to move to decentralized exchanges ASAP to minimize the trust required for these kinds of transactions.
- andypants 9y ago
  Does that mean you also have to pay transaction fees for every trade, and wait for confirmations, etc.?
  - hanniabu 9y ago
    Correct, whether it's worth it or not depends on how much you care about security and decentralization. It works well for OTC trades, dark pools, escrow, no-limit withdrawals(because you're trading from your own wallet), and anyone who doesn't want to create an account and have their trades tracked.
- NutriSugar 9y ago
  What are the tax implications of owning your own coins when trading, compared to someone else owning the coins but giving you rights to it?
  - elif 9y ago
    Identical
deleted 9y ago
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