Should you keep your assets on an exchange or move them to your own wallet?
One thing to know: Binance regularly publishes Proof of Reserves, allowing users to use a Merkle tree to verify whether their balances have been included.
“Not your private keys, not your coins” means that whether you can withdraw assets held on a platform ultimately depends on the custodian.
Remember this—it’s more useful than memorizing a bunch of jargon. Be extra cautious when you see projects promising stable, high returns.
The $BNB in your Binance account is held in custody by the platform. Once you withdraw it to your own wallet, you control the private keys. Currently: 680.73.
One thing to know: Binance regularly publishes Proof of Reserves, allowing users to use a Merkle tree to verify whether their balances have been included.
“Not your private keys, not your coins” means that whether you can withdraw assets held on a platform ultimately depends on the custodian.
Remember this—it’s more useful than memorizing a bunch of jargon. Be extra cautious when you see projects promising stable, high returns.
The $BNB in your Binance account is held in custody by the platform. Once you withdraw it to your own wallet, you control the private keys. Currently: 680.73.
