Binero is worthless paper Monero held on Binance and other centralized exchanges. Not backed 1:1 by actual Monero on the blockchain as only a fraction of deposits are backed by actual Monero and available for withdrawal. Remember, if you don't hold your Monero in your own private wallet, you don't own Monero. Not your keys; not your Monero.
"Dude, you don't own any Monero if it's not in your own private wallet. Good luck withdrawing your worthless Binero tokens during the inevitable Monero bank run!"
by 4823984723 March 05, 2022