📋 Today's practical tips: exchange accounts and self-custody wallets
Binance regularly publishes Proof of Reserves, allowing users to verify through a Merkle tree whether their balance is included.
Remember to enable two-factor authentication and a withdrawal whitelist on exchange accounts. These provide much stronger protection than relying on a password alone.
Revoke unused permissions regularly, and avoid leaving long-term permissions active in your account.
The $BNB in your Binance account is held in custody by the platform. Once you withdraw it to a self-custody wallet, you control the private keys yourself. Currently 744.6.
Binance regularly publishes Proof of Reserves, allowing users to verify through a Merkle tree whether their balance is included.
Remember to enable two-factor authentication and a withdrawal whitelist on exchange accounts. These provide much stronger protection than relying on a password alone.
Revoke unused permissions regularly, and avoid leaving long-term permissions active in your account.
The $BNB in your Binance account is held in custody by the platform. Once you withdraw it to a self-custody wallet, you control the private keys yourself. Currently 744.6.