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A comment on Temporary pause of Bitcoin withdrawals on Binance. Parent comment

Re:Temporary pause of Bitcoin withdrawals on Binance by ekianjo on Monday June 13, 2022 @11:27AM (#31726941)
People go thru a lot more trouble to ensure the value of their savings does not go to zero.
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Re:Temporary pause of Bitcoin withdrawals on Binance by rco8786 on Monday June 13, 2022 @11:40AM (#31727077)
They absolutely do not. They put their savings in an account held by a centralized 3rd party (bank) with the backing of government-guaranteed insurance (FDIC).

Maybe some people store cash or gold in a secret place but that is the exception.

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