# Hold on cex or wallet

**URL:** <https://forum.cardano.org/t/hold-on-cex-or-wallet/145557>\
**Category:** General Discussions\
**Tags:** exchange, ada, wallet, questions\
**Created:** [28 April 2025 00:57 UTC](https://forum.cardano.org/t/hold-on-cex-or-wallet/145557 "2025-04-28T00:57:23Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![Fatus](https://sea1.discourse-cdn.com/flex023/user_avatar/forum.cardano.org/fatus/32/84232_2.png) [@Fatus](https://forum.cardano.org/u/Fatus)\
**Post date:** [28 April 2025 00:57 UTC](https://forum.cardano.org/t/hold-on-cex-or-wallet/145557/1 "2025-04-28T00:57:23Z")

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Once I heard that my ada coin should not be on Binance because it negatively affects vote mechanism, can I know more

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**Author:** ![AdaDev](https://avatars.discourse-cdn.com/v4/letter/a/838e76/32.png) [@AdaDev](https://forum.cardano.org/u/AdaDev)\
**Post date:** [30 April 2025 00:14 UTC](https://forum.cardano.org/t/hold-on-cex-or-wallet/145557/2 "2025-04-30T00:14:48Z")

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When ADA is **held on Binance** , **you don’t control the keys** — Binance does.  
That means:

1. **Voting Power** :

- **Binance can vote** in Cardano governance proposals using the ADA they hold — including _yours_.
- This **centralizes governance** , giving Binance (or other exchanges) disproportionate influence.

1. **Staking Power** :

- Binance usually delegates all users’ ADA to **their own staking pools**.
- This makes those pools **very large** , which hurts **decentralization**.
- Cardano works best when staking is **spread across many small pools**.