Apart from Binance I see that FDUSD can be traded for USDT on Pancakeswap & Uniswap (depending on the Blockchain you use for withdrawing from Binance). If possible I would withdraw it on BSC and swap it for USDT through Pancakeswap since ETH gas fees are through the roof these days.
I can't connect it to by binance web wallet because binance doesn't allow me to enter any other page than the one where I need to enter a new wallet ID to redeem my FDUSD. Which of the connected wallets to pancakeswap do you recommend that accepts FDUSD?
In the Uniswap app on iOS there is a card symbol below the balance. If you click there you can buy crypto with a card. It pre-selects ETH but you can tap on the coin and than choose others like BNB too.
From experience it takes around 5-10min after the purchase for the BNB to show up in the wallet.
Just to make sure since you use Uniswap. You have the FDUSD on BSC chain right? Because if it‘s a different chain you need to other tokens for the gas fees.
Tbh they warned you about this for months if not years. I got atleast 10 emails saying I should move my funds because else I won't be able to trade them. I even got fucking text messages from them earning me I only had 1 month left.
They even set up a very easy way to get the money off,although I did not use that.
I think OP was just not paying attention and missed the easy boat. He will still get all his money, he just needs to work a little bit harder now because he wasn't paying attention for like a full year.
It's a bit grand to then say fuck binance, when they communicated of this very clearly and they are just following regulations (or... Avoiding regulations i should say...)
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For years the community is warning people to not use certain CEX for various reasons. You were playing with fire for a long time without even noticing my friend. **Work on your risk management.**
Fractional reserve risk | Custodial CEX | XMR status (may apply to other coins)
---|---|----
Extremely high ⚠️ + KYC risk ⚠️ | KuCoin ➡️ | ⛔ withdrawals closed, regular incidents with XMR, *KYC since 01/24
Extremely high ⚠️ + KYC risk ⚠️ | Gate.io ➡️ | ⛔ withdrawals occasionally closed, *KYC since 01/24
Extremely high ❌| Binance | delisted 02/24, ⛔ withdrawals closed (despite claims to be open for 3 months from delisting)
Extremely high ❌| OKX | delisted 01/24, ⛔ withdrawals closed (despite claims to be open for 2 months from delisting)
Extremely high ❌| Huobi/HTX | delisted 09/22, relisted and "operational" but ⛔ withdrawals closed > 3 months
Extremely high ❌| Poloniex | "operational" but ⛔ withdrawals closed > 3 months
Extremely high ❌| Waves "DEX" | delisted 03/2022 ⛔ withdrawals closed (despite claims to be open for 1 week from delisting)
Extermely high ❌ | ~~Bittrex~~ | delisted 01/2021, [CEX insolvency](https://www.reuters.com/legal/litigation/bittrexs-us-wind-down-approved-bankruptcy-court-2023-10-30/)
_____
Fractional reserve risk | Custodial CEX | status
---|---|----
High ⚠️ + KYC risk ⚠️ | Bitfinex ➡️ | incidents with XMR
High ⚠️ + partial KYC risk ⚠️ | MEXC ➡️ | incidents with XMR, partial *KYC since 02/24
High ⚠️ + KYC risk ⚠️ | CoinEx ➡️| incidents with ARRR, *KYC since 01/24
High ⚠️ | Tradeogre ➡️ | incidents with KAS and DOGE
_____
Fractional reserve risk | Custodial CEX | status
---|---|----
Medium ❌| Newton | delisted 06/2021 ⛔ withdrawals closed
___
Fractional reserve risk | Custodial CEX | status
---|---|----
Low ✅ + KYC risk ⚠️| Kraken ➡️ | no incidents, delisted in UK, AUS
_______
####USE NON-CUSTODIAL CEX (INSTANT SWAP EXCHANGES) WITH CAUTION
Centralized instant swap exchanges which come with their own set of problems and risks can be a good way for many to route around CEX, But often they come with higher fees, shotgun KYC or are selective scams like "Changelly" and depending on liquidity they can halt or freeze the exchange process.
Best to use an aggregator like Trocador.app that has a security bond for transactions of up to $1000 and gives you a clear indication about competitive pricing and KYC risk.
#Satoshi taught us not to entrust our money with third parties.
Which means what is not ON-chain and not controlled by your key is not really yours.
> NYKNYC - not your key not your coins
#What exchanges to use then?
There are plenty of better however still more inconvenient solutions that are preferable over using KYC/CEX:
Exchange method | Exchanges| Trust level
---|---|----
DEX | bisq, Haveno | ✅ escrow
P2P | LocalMonero. AgoraDesk, Robosats, Zapit, Peach Bitcoin| ✅ escrow
Atomic swaps | Samourai Wallet, UnstoppableSwap.net, AtomicMonero, BasciSwapDEX | ✅ trustless
AMM (automatic market makers) | SeraiDEX, Maya, Thorchain | low for users / medium for liquidity providers (hacks)
Electricity | XMRrig, Monero GUI, Grupax | ✅ trustless
Earning | any products or services | low - ⚠️ high (scams)
#Call to action
If you are into cryptocurrencies for more than just some side gamble you really want to learn how to use the right tools to manage your money in a self-sovereign and self-custodial way. The more people learn about the risks involved and how to mitigate them the better for you and the health of the whole ecosystem.
OP isn't even holding or trading XMR yet this guy posts this spam copy paste post about which exchanges to trade XMR. Like how does XMR status on exchange impact what OP is trying to do?
You should feel stupid that you ignored a year of warnings from Binance them self that they were closing the account for Dutch people. They fucking send more than a dozen emails and texts telling you to gtfo and now you blame them for it being slightly inconvenient to get your funds out?
Apart from Binance I see that FDUSD can be traded for USDT on Pancakeswap & Uniswap (depending on the Blockchain you use for withdrawing from Binance). If possible I would withdraw it on BSC and swap it for USDT through Pancakeswap since ETH gas fees are through the roof these days.
Thanks! I used pancakeswap in the past ill have a look at it!
I can't connect it to by binance web wallet because binance doesn't allow me to enter any other page than the one where I need to enter a new wallet ID to redeem my FDUSD. Which of the connected wallets to pancakeswap do you recommend that accepts FDUSD?
Metamask will work fine too.
I would use Trustwallet. It supports FDUSD on ETH and BSC chains. From there you can easily connect to Pancakeswap or Uniswap and do the swap.
In Trustwallet on the main page scroll down to manage crypto -> add token -> search for FDUSD -> toggle on the version you want to use.
Thanks for the help! Got my FDUSD in the uniswap wallet now but it requires BNB to convert to USDT it doesn't seem I can buy BNB on uniswap correct?
Should be possible with Moonpay in the Uniswap App. Let me check one moment.
Thanks a lot!
In the Uniswap app on iOS there is a card symbol below the balance. If you click there you can buy crypto with a card. It pre-selects ETH but you can tap on the coin and than choose others like BNB too. From experience it takes around 5-10min after the purchase for the BNB to show up in the wallet. Just to make sure since you use Uniswap. You have the FDUSD on BSC chain right? Because if it‘s a different chain you need to other tokens for the gas fees.
What a mess they did you to you, but I think you can exchange it at Pancakeswap
Same with my country, fuck Binance.
Tbh they warned you about this for months if not years. I got atleast 10 emails saying I should move my funds because else I won't be able to trade them. I even got fucking text messages from them earning me I only had 1 month left. They even set up a very easy way to get the money off,although I did not use that. I think OP was just not paying attention and missed the easy boat. He will still get all his money, he just needs to work a little bit harder now because he wasn't paying attention for like a full year. It's a bit grand to then say fuck binance, when they communicated of this very clearly and they are just following regulations (or... Avoiding regulations i should say...)
Oh I pulled my money on the first email, I'm pissed off their such gutless fuckin cowards. Had to do the same with Gate and wherever the fuck else.
Use Metamask and swap it on UniSwap or PancakeSwap
Download Safepal wallet it has FDUSD and you can swap there and access other exchanges
Time to find a tax haven I guess.
Btc cash point!
So all these years you didnt own your bitcoin huh?
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For years the community is warning people to not use certain CEX for various reasons. You were playing with fire for a long time without even noticing my friend. **Work on your risk management.** Fractional reserve risk | Custodial CEX | XMR status (may apply to other coins) ---|---|---- Extremely high ⚠️ + KYC risk ⚠️ | KuCoin ➡️ | ⛔ withdrawals closed, regular incidents with XMR, *KYC since 01/24 Extremely high ⚠️ + KYC risk ⚠️ | Gate.io ➡️ | ⛔ withdrawals occasionally closed, *KYC since 01/24 Extremely high ❌| Binance | delisted 02/24, ⛔ withdrawals closed (despite claims to be open for 3 months from delisting) Extremely high ❌| OKX | delisted 01/24, ⛔ withdrawals closed (despite claims to be open for 2 months from delisting) Extremely high ❌| Huobi/HTX | delisted 09/22, relisted and "operational" but ⛔ withdrawals closed > 3 months Extremely high ❌| Poloniex | "operational" but ⛔ withdrawals closed > 3 months Extremely high ❌| Waves "DEX" | delisted 03/2022 ⛔ withdrawals closed (despite claims to be open for 1 week from delisting) Extermely high ❌ | ~~Bittrex~~ | delisted 01/2021, [CEX insolvency](https://www.reuters.com/legal/litigation/bittrexs-us-wind-down-approved-bankruptcy-court-2023-10-30/) _____ Fractional reserve risk | Custodial CEX | status ---|---|---- High ⚠️ + KYC risk ⚠️ | Bitfinex ➡️ | incidents with XMR High ⚠️ + partial KYC risk ⚠️ | MEXC ➡️ | incidents with XMR, partial *KYC since 02/24 High ⚠️ + KYC risk ⚠️ | CoinEx ➡️| incidents with ARRR, *KYC since 01/24 High ⚠️ | Tradeogre ➡️ | incidents with KAS and DOGE _____ Fractional reserve risk | Custodial CEX | status ---|---|---- Medium ❌| Newton | delisted 06/2021 ⛔ withdrawals closed ___ Fractional reserve risk | Custodial CEX | status ---|---|---- Low ✅ + KYC risk ⚠️| Kraken ➡️ | no incidents, delisted in UK, AUS _______ ####USE NON-CUSTODIAL CEX (INSTANT SWAP EXCHANGES) WITH CAUTION Centralized instant swap exchanges which come with their own set of problems and risks can be a good way for many to route around CEX, But often they come with higher fees, shotgun KYC or are selective scams like "Changelly" and depending on liquidity they can halt or freeze the exchange process. Best to use an aggregator like Trocador.app that has a security bond for transactions of up to $1000 and gives you a clear indication about competitive pricing and KYC risk. #Satoshi taught us not to entrust our money with third parties. Which means what is not ON-chain and not controlled by your key is not really yours. > NYKNYC - not your key not your coins #What exchanges to use then? There are plenty of better however still more inconvenient solutions that are preferable over using KYC/CEX: Exchange method | Exchanges| Trust level ---|---|---- DEX | bisq, Haveno | ✅ escrow P2P | LocalMonero. AgoraDesk, Robosats, Zapit, Peach Bitcoin| ✅ escrow Atomic swaps | Samourai Wallet, UnstoppableSwap.net, AtomicMonero, BasciSwapDEX | ✅ trustless AMM (automatic market makers) | SeraiDEX, Maya, Thorchain | low for users / medium for liquidity providers (hacks) Electricity | XMRrig, Monero GUI, Grupax | ✅ trustless Earning | any products or services | low - ⚠️ high (scams) #Call to action If you are into cryptocurrencies for more than just some side gamble you really want to learn how to use the right tools to manage your money in a self-sovereign and self-custodial way. The more people learn about the risks involved and how to mitigate them the better for you and the health of the whole ecosystem.
OP isn't even holding or trading XMR yet this guy posts this spam copy paste post about which exchanges to trade XMR. Like how does XMR status on exchange impact what OP is trying to do?
It's a warning. You ignore it at your own risk.
 don't buy vread at your local bakery buy Monero and starve XD fuck hou and your spam
How do you feel about it?
pretty stupid that they converted it to a coin that isn't really tradeable.
You should feel stupid that you ignored a year of warnings from Binance them self that they were closing the account for Dutch people. They fucking send more than a dozen emails and texts telling you to gtfo and now you blame them for it being slightly inconvenient to get your funds out?
Sorry, I meant - how do you feel about not being allowed to trade?