š Beyond the funds, hereās another essential concept: exchange accounts and self-custody wallets
Transfers between users on the same platform are generally recorded only on the platformās ledger, not on-chain, so theyāre often fast and donāt incur network fees.
Self-custody means youāre in control and responsible: thereās no platform-level risk, but thereās also no āpassword recovery.ā Mistakes during transactions are often irreversible.
The $BNB in your Binance account is held in custody by the platform. Once you transfer it to your own wallet, youāre in control of the private keys. Current price: 713.82.
Account security isnāt a one-and-done task. Good habits are far more useful than trying to fix things after something goes wrong.
Transfers between users on the same platform are generally recorded only on the platformās ledger, not on-chain, so theyāre often fast and donāt incur network fees.
Self-custody means youāre in control and responsible: thereās no platform-level risk, but thereās also no āpassword recovery.ā Mistakes during transactions are often irreversible.
The $BNB in your Binance account is held in custody by the platform. Once you transfer it to your own wallet, youāre in control of the private keys. Current price: 713.82.
Account security isnāt a one-and-done task. Good habits are far more useful than trying to fix things after something goes wrong.