*MUST READ* INTRODUCTION #1a: UPDATE
Mr. Fox updates his introduction piece as a result of breaking news related to Binance.
Last week I wrote an introduction piece for those of you looking to get your crypto setup. I recommended Binance as the exchange to signup with for those of you looking to dive head-first into crypto.
Well, as a result of governments aiming to control unregulated cryptocurrency activity, both the province of Ontario and the United Kingdom have ordered Binance to cease operations effective immediately.
A number of other exchanges are also said to be targeted by regulators, but not to worry, there are still guaranteed options at your disposal.
Despite being a weak user experience for those of us in Canada, Coinbase will never go anywhere - it is a safe option that you can feel comfortable with long-term. This is because Coinbase is centralized (this just means that it is controlled by shareholders and actively complies with regulators - it is a regular company and so the government has no issues dealing with it). Coinbase is awesome for those reading from the USA.
So, if you have started signing up with Binance, I would recommend a switch over to Coinbase. But, do your own research and find the best exchange that will work for you.
And down the Rabbit Hole we continue.
Mr. Fox.