#CryptoSecurity101 Centralized exchanges (CEXs) like Binance or Coinbase offer convenience—but at a cost to security. Since they hold your private keys, you don’t have full control over your crypto. This creates risk: hacks, insolvency, or regulatory crackdowns can result in lost funds.

To protect yourself:

Only keep what you need on exchanges for active trading

Transfer the rest to a personal hardware wallet for secure self-custody

Enable 2FA and use strong, unique passwords

Monitor activity regularly for suspicious behavior

Withdraw funds promptly after trades

Research security history before trusting any platform

While CEXs are user-friendly, self-custody gives you real control—and in a volatile market, that’s your best defense. Stay alert, stay secure.