It is safe. In fact I'd even argue its safer than holding in a private wallet as you're very likely to get hacked/lose keys/mess something. Safe but not advised unless it's small amounts you don't care to lose or you're trading.
Losing your money to Binance is probably pretty rare. No, absolutely not, because you are not holding your bitcoin.
❻THEY are holding your bitcoin. While it's perhaps unlikely Binance and. Never store your bitcoins in a web wallet, custodian, or exchange.
❻You own 0 bitcoins if you do not control your private keys. Binance is. It's better than storing your Crypto on Binance or any other Exchange wallet But Cold Wallets provide higher security as they store your.
❻I am not in a position to recommend you a safe wallet but I can say, store should keep on a cex (even if it's not fud around it) crypto the crypto. Exchanges are binance to exchange fiat for crypto and back again or trading one cryptocurrency for another.
They were never meant for long term. IMO yes. Get your assets off exchanges and into a cold wallet that you reddit control over. Ledger is not safe.
Vitalik Buterin Advocates For Self-Custody In Latest Reddit Post
Period. If you're already using a Ledger, it's fine to leave your coins there for now, but spend the next month or two.
Binance is here scummy chinese company.
❻One day they will go down and take your money away with them. It's safe until it isn't. I would recommend transferring your assets to coinbase wallet.
❻At least then you would hold your keys and if coinbase. I'm limited to buying btc through P2P marketplaces because crypto is banned here in Pakistan, but not illegal.
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Since Binance is trusted and has. cointime.fun is all that is affected but you shouldn't keep any crypto on any exchange. To answer your question, yes Metamask is better than storing your crypto in any CEXs.
but if you want the best security, buy cold storage. I don't expect binance to stop working, I don't trust keeping money on the exchange, storing it in cold wallets, however, we need an exchange.
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If you only invest small amounts (<$5k) prolly ok to leave there. If higher, better to buy a hardware wallet and store there for a peace of mind.
I would recommend that you move your assets into a personal wallet unless you are actively using them to trade.
❻I usually transfer my assets in. If a huge withdraw run comes to any and all exchanges, and you didn't get advanced warning, https://cointime.fun/reddit/crypto-forum-reddit.html assets are stuck until further notice.
Oh. Yes I know that, I do it with my crypto hodlings. I mean binance earn and locked stacking which can't be done by keeping crypto on cold wallets.
Vitalik Buterin Advocates For Self-Custody In Latest Reddit Post
Just keep in mind that there's a difference between a hardware wallet and software wallet. Binance's defi wallet is a software wallet which is.
Yes I know that, I do it with my crypto hodlings. I mean binance earn and locked stacking which can't be done by keeping crypto on cold wallets.
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