Is the balance shown on an exchange the same as the coins in your wallet?
Transfers between users on the same platform are generally recorded only on the platform’s ledger, not on the blockchain, so they’re often fast and don’t incur network fees.
Here’s the key point: before transferring a large amount to a self-custody wallet for the first time, back up your recovery phrase and do a recovery test.
The $BNB in your Binance account is held in custody by the platform. Only after you withdraw it to your own wallet are you responsible for safeguarding the private keys.
Markets are always uncertain, so decide in advance what you’ll do if you’re wrong.
This is a summary of publicly available information. Please verify it for yourself.
Transfers between users on the same platform are generally recorded only on the platform’s ledger, not on the blockchain, so they’re often fast and don’t incur network fees.
Here’s the key point: before transferring a large amount to a self-custody wallet for the first time, back up your recovery phrase and do a recovery test.
The $BNB in your Binance account is held in custody by the platform. Only after you withdraw it to your own wallet are you responsible for safeguarding the private keys.
Markets are always uncertain, so decide in advance what you’ll do if you’re wrong.
This is a summary of publicly available information. Please verify it for yourself.