Do you store your cryptocurrencies on Binance? Be careful!
Although the Binance platform is considered one of the largest and most popular platforms globally, storing cryptocurrencies there is classified as hot storage, as it is done on wallets connected to the internet, making it vulnerable to hacking in the event of cyber attacks on the platform.
For this reason, cold storage is recommended, especially if:
Your cryptocurrencies are of high value.
You do not intend to trade daily.
You want additional security away from the platforms.
Tips for Binance users:
1. Consider withdrawing your coins to a cold wallet like Ledger or Trezor.
2. Enable two-factor authentication (2FA) on your Binance account.
3. Do not keep large amounts on the platform for long periods.
4. Avoid accessing your account from untrusted devices or networks.
Important message:
You are your own bank... keep your private keys safe and do not rely entirely on any platform.