What’s the difference between keeping your coins on an exchange and keeping them in a self-custody wallet?
Transfers between users on the same platform are usually just recorded in the platform’s ledger, not on the blockchain, so they’re often fast and don’t incur network fees.
An exchange account is convenient: if you forget your password, you can reset it through a verification process. However, your assets’ security depends on the platform itself.
The $BNB in your Binance account is held in custody by the platform. It only becomes your responsibility to safeguard the private keys once you transfer it to your own wallet.
It’s okay to take things slowly—staying in the game matters far more than making a big profit just once.
#BNB
Transfers between users on the same platform are usually just recorded in the platform’s ledger, not on the blockchain, so they’re often fast and don’t incur network fees.
An exchange account is convenient: if you forget your password, you can reset it through a verification process. However, your assets’ security depends on the platform itself.
The $BNB in your Binance account is held in custody by the platform. It only becomes your responsibility to safeguard the private keys once you transfer it to your own wallet.
It’s okay to take things slowly—staying in the game matters far more than making a big profit just once.
#BNB