#CryptoSecurity101 CryptoSecurity101 Centralized exchanges (CEXs) like Binance or Coinbase are convenient but can pose security risks. They hold your private keys, meaning you don’t have full control over your assets. Hacks, bankruptcies, or regulatory issues can result in loss of funds. To stay safe, keep only a minimal amount of cryptocurrency on exchanges for trading. Move the rest to a personal hardware wallet for more control. Enable two-factor authentication (2FA) and use a strong password to protect your account. Regularly monitor for suspicious activity and withdraw funds immediately after trading. Research the exchange’s security history before depositing. While CEXs offer ease of use, prioritizing self-custody reduces reliance on third parties and increases the security of your cryptocurrency in an unpredictable market. Be cautious and proactive.