🗒️ Wallets and Security | Exchange Accounts and Self-Custody Wallets
· Key point: Assets held on an exchange are custodied by the platform. The platform controls the private keys, and the balance you see in your account is a record in the platform’s ledger.
· Why it matters: The saying “Not your keys, not your coins” means that when assets are held by a platform, whether you can access them ultimately depends on the custodian.
· Practical tip: Enable two-factor authentication and a withdrawal whitelist for your exchange account. This is much more secure than relying on a password alone.
$BNB 631.33（-3.62%）
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This is a personal sharing, not a specific buy or sell recommendation.
· Key point: Assets held on an exchange are custodied by the platform. The platform controls the private keys, and the balance you see in your account is a record in the platform’s ledger.
· Why it matters: The saying “Not your keys, not your coins” means that when assets are held by a platform, whether you can access them ultimately depends on the custodian.
· Practical tip: Enable two-factor authentication and a withdrawal whitelist for your exchange account. This is much more secure than relying on a password alone.
$BNB 631.33（-3.62%）
If you found this useful, follow me so you don’t miss the next post 👆
This is a personal sharing, not a specific buy or sell recommendation.
