A few words on exchange accounts and self-custody wallets:
The platform only initiates an on-chain transaction when you withdraw funds from an exchange to an on-chain address, and it charges the corresponding network fee.
Exchange accounts are convenient: if you forget your password, you can reset it through a verification process. However, your assets’ security depends on the platform itself.
Be sure to enable two-factor authentication and a withdrawal whitelist on your exchange account. These provide much stronger protection than relying on a password alone.
$BNB 722.35(-0.012%)