Custody is the product. This week proved it again.
After the biggest exchange theft on record, Binance took a fresh proof of reserves snapshot at midnight UTC on 31 October, and the full verification is expected by 3 November. My tutorial lesson from this is short and practical. First, check proof of reserves before you trust size on any exchange. Second, keep trading size small and keep long term holdings where you control the keys. Third, never let one headline decide your position size. Exchanges can recover, but your risk plan is what keeps you in the game while they do.
What is the first thing you check before trusting an exchange again?
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoEducation
After the biggest exchange theft on record, Binance took a fresh proof of reserves snapshot at midnight UTC on 31 October, and the full verification is expected by 3 November. My tutorial lesson from this is short and practical. First, check proof of reserves before you trust size on any exchange. Second, keep trading size small and keep long term holdings where you control the keys. Third, never let one headline decide your position size. Exchanges can recover, but your risk plan is what keeps you in the game while they do.
What is the first thing you check before trusting an exchange again?
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoEducation
