“Not your keys, not your coins”—what does that really mean?
It’s worth understanding the difference between exchange accounts and self-custody wallets.
Self-custody means you have both control and responsibility: there’s no platform-level risk, but there’s also no “forgot password” option, and mistakes are often irreversible.
Don’t save your recovery phrase in a screenshot or in your chat history.
The $BNB in your Binance account is held in custody by the platform. With a self-custody wallet, you’re responsible for keeping your own private keys safe. Current balance: 750.43.
#BNB
It’s worth understanding the difference between exchange accounts and self-custody wallets.
Self-custody means you have both control and responsibility: there’s no platform-level risk, but there’s also no “forgot password” option, and mistakes are often irreversible.
Don’t save your recovery phrase in a screenshot or in your chat history.
The $BNB in your Binance account is held in custody by the platform. With a self-custody wallet, you’re responsible for keeping your own private keys safe. Current balance: 750.43.
#BNB
