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Binance got hacked for $40 Million Dollars in Bitcoin, is your money safe?

The short answer is Yes, your money is safe.
Fortunately, Binance was prepared and your money is safe in due to SAFU. Meaning the ‘Secure Asset Fund for Users’ will cover this completely. This is the very reason Binance is self-insured.

Technically speaking the Binance exchange itself was not hacked, it has officially been stated by Binance that a large number of API Keys, 2FA Codes, and other user info was acquired by said hackers utilizing techniques such as phishing, viruses and other types of digital attacks. This means that it was user accounts that were compromised by the users themselves and not Binance.

In an age where digital security is more important than ever, this is a stark reminder to keep your data safe and secure at all times.

TLDR About the Binance Hack:

• 7000 BTC was stolen
• The BTC was stolen from Binance’s Hot Wallet
• Binance’s Hot Wallet holds only 2% of their total holdings
• All funds are insured and do not affect users



Interview with “CZ -The most powerful man in Crypto” talks Binance, Mining & Lifestyle

Here is @cryptomanran‘s recent interview with CZ, the founder & CEO of Binance, the largest and most powerful crypto exchange in the world. Is CZ the most powerful man in crypto right now? Comment below and let us know what you think!

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Binance Adds 7 Million Users Since Beginning Of The Year

While the cryptocurrency markets have been been in a steep decline the past 6 months, Binance has been growing at an extremely fast rate.

Binance, which operates the worlds largest crypto exchange has reported that their user base has quadrupled since January. According to Bloomberg, Binance now boast 9 million users, up from 2 million users reported in January.

Binance is also preparing to offer its first fiat trading pairs, which will be listed against the Euro. Currently the platform only offers crypto-to-crypto trading pairs. This will be an attractive option for investors looking for the ability to trade fiat for crypto.

Binance, currently based in Hong Kong has also opened an office in Malta. Malta has recently become extremely crypto friendly by passing legislation to encourage growth in crypto and blockchain tech.

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How To Buy Golem (GNT) [Quick & Easy Guide] 2018

Golem Coin Logo

This Guide Will Explain How You Can Buy Golem (GNT) coin.

Before you purchase Golem (GNT) we recommend obtaining a secure wallet so you have a destination for your newly purchased crypto.

Buy Golem (GNT)  with Credit Card, Debit Card, or Bank Account.

Currently, there is no direct way to buy Golem (GNT) with a credit card*, debit card, or bank account on any US Exchange.

The cheapest and most efficient way to obtain Golem (GNT) is to first purchase Litecoin, Ethereum or Bitcoin through Coinbase (Currently LTC/ETH offers a much lower transfer and exchange fee than Bitcoin.)

To get started launch the link below and sign up for your free Coinbase account right now.

Buy Bitcoin/Litecoin/Ethereum/Bitcoin Cash On Coinbase

Once you have successfully purchased your Litecoin / Ethereum / Bitcoin you can use an exchange such as Binance to convert your LTC/ETH/BTC to Golem (GNT) in about 5-10 minutes (depending on the market).

Click Here To Learn How To Trade Cryptocurrencies On Binance

Note: Coinbase is currently available in the United States, Canada, Europe, UK, Singapore, and Australia.

*Most major credit card companies restrict purchasing cryptocurrency on credit. Check with your credit provider for more information.

Get a Golem (GNT) Wallet

Caution: Please note that we at Cryptobase would recommend never storing any crypto on an exchange.

  • Exchanges are designed for short-term activity such as trading, buying, and selling. Only wallets offer you long-term secure storage.

Always withdrawal your Golem (GNT) to an offline wallet like the Ledger Nano S or any other wallet that you control.

Buy Golem (GNT) with PayPal

There is no way to directly buy Golem (GNT) with PayPal.

Buy Golem (GNT) with Cash

There is no way to directly purchase Golem (GNT) with cash.

  • You can buy Bitcoin with Cash via an ATM and use an exchange like Binance to trade BTC for Golem (GNT).
  • Or use a service like Local Bitcoin to buy BTC from a verified seller and use Binance to trade BTC for Golem (GNT).

Looking to buy Golem (GNT) with cash or credit no hassle? Email CryptoBase we can help!

Buy Golem (GNT) with Bitcoin

You can use Binance to trade BTC for Golem (GNT)

Buy Golem (GNT) with Ethereum

You can use Binance to easily exchange ETH for Golem (GNT)

Frequently Asked Questions

Where can I learn more on trading cryptocurrencies like Golem (GNT)?

We recommend checking out CryptoCoin Academy to learn how to trade smart and maximize your investments. They offer detailed step by step courses and trading tips for beginners looking to invest in cryptocurrencies.

Readers of The Cryptobase get %15 off their first month by signing up through this link!

Why is there no direct way to buy Golem (GNT) in many cases?

Golem (GNT) only recently gained popularity so in many cases it is still not supported by all exchanges.

  • This will likely change soon as cryptocurrency goes mainstream and exchanges add support for more coins.

Can anyone buy Golem (GNT)?

If you are able to buy cryptocurrency in your country, then you can buy Golem (GNT).

Can you buy Golem (GNT) with Coinbase?

As we mentioned above, this is not possible. Coinbase only lets you buy 4 coins directly:

  • Bitcoin
  • Bitcoin Cash
  • Ethereum
  • Litecoin

Which payment method is best to use?

Currently buying Ethereum or Bitcoin with a bank account then exchanging it for Golem (GNT) is the cheapest way. This is because currently, Ethereum has some of the lowest transfer and exchange fees compared to Bitcoin.

  • For speed, buying crypto with a credit card is best but usually comes with a much higher fee.

What should I do with my Golem (GNT) once I buy it?

You should store your Golem (GNT) in a secure wallet.

Can you sell Golem (GNT)?

Yes, you can by transferring the Golem (GNT) from your wallet back to an exchange such as Binance!


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Ledger Nano S - The secure hardware wallet