“Not your keys, not your coins”—what does this phrase actually mean?
The difference between exchange accounts and self-custody wallets is worth understanding.
Exchange accounts are convenient: if you forget your password, you can reset it through a verification process. But the security of your assets depends on the platform itself.
Be skeptical of projects promising stable, high returns.
The $BNB in your Binance account is held in custody by the platform. Only after you withdraw it to your own wallet do you control the private keys. Currently: 750.93.
Personal notes, not investment advice.
The difference between exchange accounts and self-custody wallets is worth understanding.
Exchange accounts are convenient: if you forget your password, you can reset it through a verification process. But the security of your assets depends on the platform itself.
Be skeptical of projects promising stable, high returns.
The $BNB in your Binance account is held in custody by the platform. Only after you withdraw it to your own wallet do you control the private keys. Currently: 750.93.
Personal notes, not investment advice.