📌 #Write2Earn: How can a newcomer safely store cryptocurrency in 2025?
🔐 1. Should you keep cryptocurrency on an exchange or not?
Binance is a reliable exchange, and most users keep their funds right in their accounts. This is convenient for trading, but:
☑️ The account must have 2FA (two-factor authentication)
☑️ Use a whitelist for withdrawals
👜 2. What are cold wallets?
These are hardware devices (like Ledger, Trezor) that store private keys offline. The safest option for long-term storage.
💡 3. Binance Web3 Wallet
Binance has launched its own Web3 wallet, which can be activated in the app. It is a hybrid solution between convenience and decentralization. Here you control the keys yourself — and at the same time easily interact with decentralized protocols.
🧠 4. Backup phrases — your key to crypto
Never store the seed phrase (24 words) on your phone or in the cloud. Write it down on paper and keep it in a safe place. Do not show it to anyone, even if someone claims to be a "Binance support staff" — this is a scam.
🔄 5. Diversify your risks
Ideally, have 2 types of storage:
– Wallet for daily use
– Separate cold wallet for long-term storage