Thread by @mishaboar

For #Dogecoin holders on Binance, and all Indian shibes on @WazirXIndia that have been anxiously waiting to withdraw through the bridge with Binance:

Withdrawals are open right now on Binance. Not sure for how long, so do give it a try now before this goes down again.

As we discussed in the past, Binance, through its CEO, has followed a clear strategy aiming at de-legitimizing #Dogecoin throughout this year.

@cz_binance made several disparaging remarks aimed at spreading FUD and bringing #Dogecoin down; stuff like:

https://twitter.com/cz_binance/status/1357259732000538628

The gravity of remarks like that one (on which he then doubled down) is that anybody into crypto for more than a few months knew that "whale" was an exchange. The patterns were unmistakable.

The fact the CEO of an exchange pushed this rhetoric is disquieting and manipulative.

Indian shibes pointed me to the story of how @WazirXIndia, owned by Binance, pushed the "other" dog token while Dogecoin was at ATH, allowing withdrawals for it from day one, while #Dogecoin has been in "rapid listing" limbo for a long time.

And the list goes on.

On top of this, holding on an exchange allows them to use your #Doge in ways you do not want to. @binance acts as a liquidity provider for many entities, for example.

We must take liquidity off the table. If you do not need to trade with it, keep your Doge in your wallet.

Recent movements by Binance also allow us to ask the question whether @binance (and other exchanges) is selling real #Doge or IOUs.

This market is vastly unregulated, so practices that are already illegal or frowned upon in other markets can and will happen in crypto.

When withdrawing #Doge, avoid using the BSC network UNLESS you plan to trade BSC-Doge right away by using the withdrawal channel Patrick, #Doge Core Dev, has created to convert it into "real" Doge using renBridge. BSC-Doge is just an IOU. More on this:

https://twitter.com/mishaboar/status/1467683451683971076

To use the withdrawal path Patrick Lodder, #Dogecoin Core Dev, setup using renDoge/pancakeswap, read carefully the thread below.

There are some fees and hoops involved, but this might help when Binance blocks withdrawals but leaves BSC withdrawals open.

reddit.com/r/dogecoin/com…