[thinkmassive]

> The bot requires users to have a Binance account ... (trade only, no withdrawal access)

> Users will always own their own coins.

To be fair, users do not actually own the coins if Binance owns the coins.

Sounds like a cool bot though, and great looking site! I signed up for the private beta. Looking forward to the open source!

[hanniabu]

Blocknet is an awesome open source project you may want to look into. It's an interoperability protocol and one example use-case project they built on it is a trustless decentralized exchange that allows you to trade directly from your wallet.

[haggenballs]

That's awesome. I definitely want to move to decentralized exchanges ASAP to minimize the trust required for these kinds of transactions.

[andypants]

Does that mean you also have to pay transaction fees for every trade, and wait for confirmations, etc.?

[hanniabu]

Correct, whether it's worth it or not depends on how much you care about security and decentralization. It works well for OTC trades, dark pools, escrow, no-limit withdrawals(because you're trading from your own wallet), and anyone who doesn't want to create an account and have their trades tracked.

[NutriSugar]

What are the tax implications of owning your own coins when trading, compared to someone else owning the coins but giving you rights to it?

[elif]

Identical