Wallets and security | Exchange accounts and self-custody wallets
Key point: With a self-custody wallet, you keep your own private keys. Transfers don’t require approval from any platform, and no one can recover a lost recovery phrase for you.
How it works: The old saying “Not your keys, not your coins” means that whether you can use assets held on a platform ultimately depends on the custodian.
Note: Keep funds you trade frequently on an exchange. For funds you don’t plan to use for a long time, consider transferring them to a wallet whose private keys you control.
$BNB 705.32（+0.32%）
#BNB
This is not investment advice. Don’t copy it blindly.
Key point: With a self-custody wallet, you keep your own private keys. Transfers don’t require approval from any platform, and no one can recover a lost recovery phrase for you.
How it works: The old saying “Not your keys, not your coins” means that whether you can use assets held on a platform ultimately depends on the custodian.
Note: Keep funds you trade frequently on an exchange. For funds you don’t plan to use for a long time, consider transferring them to a wallet whose private keys you control.
$BNB 705.32（+0.32%）
#BNB
This is not investment advice. Don’t copy it blindly.
