🔍 Wallets and Security | Exchange Accounts and Self-Custody Wallets
· Definition: Assets held on an exchange are custodied by the platform, which controls the private keys. The balance shown in your account is simply an entry in the platform’s ledger.
· Why it matters: The saying “Not your keys, not your coins” means that whether you can withdraw assets custodied by a platform ultimately depends on the custodian.
· Practical tip: Enable two-factor authentication and a withdrawal address whitelist for your exchange account. These offer much stronger protection than relying on a password alone.
$BNB 728.71（+1.85%）
· Definition: Assets held on an exchange are custodied by the platform, which controls the private keys. The balance shown in your account is simply an entry in the platform’s ledger.
· Why it matters: The saying “Not your keys, not your coins” means that whether you can withdraw assets custodied by a platform ultimately depends on the custodian.
· Practical tip: Enable two-factor authentication and a withdrawal address whitelist for your exchange account. These offer much stronger protection than relying on a password alone.
$BNB 728.71（+1.85%）