Binance in Germany before: Should you get your cryptocurrencies from the platform?

Binance in Germany before: Should you get your cryptocurrencies from the platform?
The popular crypto tour binance, which was characterized by low fees, a wide range of crypto investments and good user-friendliness, may be in Germany in Germany. In view of this development, the question arises: Should you deduct your cryptocurrencies from the platform?
Binance, the world's largest stock exchange for cryptocurrencies, has had negative headlines and outside attacks in the past few months. A few months ago, their machinations were unveiled in the background, with the scandal being tolerated for terrorist organizations.
In addition, Binance was charged by the US stock exchange supervision for illegal securities trading in June of this year. This led to a break -in on the cryptom market and the future of Binanceus is uncertain. However, the mother platform Binance itself continues to run normally in many countries.
Nevertheless, it doesn't look rosy for crypto bonds like Binance everywhere. Trading on the platform could soon be stopped in European countries, as is currently the case in Great Britain. Binance Market Limited apparently plans to close the retail trade in Great Britain, which would mean that residents of the United Kingdom could not make any deposits on the platform.
In May, Binance Market Limited has already dissolved a license contract with the Financial Conduct Authority (FCA), an important regulatory authority in the UK. As a result, Binance is no longer entitled to offer regulated financial services in Great Britain.
The question remains whether the closure of Binance in Great Britain could lead to stricter regulation and possibly to the closure of Binance in the EU and thus also in Germany.
In view of these uncertainties and risks, it is advisable to take steps to protect your cryptocurrencies. If you keep even larger amounts of cryptocurrencies at Binance, you should stop with it at the latest and your coins go into self -storage. If you actively act, it is advisable to immediately remove your traded coins from the platform.It is also important to be attentive to new messages and to keep an eye on the developments regarding regulation in the EU and especially Germany. It is advisable to be broad and also use other crypto exchange for trade.
Ultimately, the decision is with you. It is important to weigh the risks and possible consequences and take appropriate measures to protect your cryptocurrencies.