#CryptoSecurity101

Centralized exchanges (CEXs) like Binance or Coinbase are convenient but pose security risks. They hold your private keys, meaning you don’t fully control your assets. Hacks, insolvency, or regulatory issues can lead to loss of funds. To stay safe, only keep minimal crypto on exchanges for trading. Transfer the rest to a personal hardware wallet for better control. Enable 2FA and use strong passwords to secure your account. Regularly monitor for suspicious activity and withdraw funds promptly after trading. Research the exchange’s security history before depositing funds. While CEXs offer ease of use, prioritizing self-custody reduces reliance on third parties and enhances your crypto security in an unpredictable market. Stay cautious and proactive.