Is my data safe with Binance?

Our security procedures mean that we may ask you to verify your identity to protect you against unauthorised access to your account password . We recommend using a unique password for your Binance account that is not utilized for other online accounts and to sign off when you finish using a shared computer.

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Is it safe to keep crypto in exchange?

As mentioned previously, it is not wise to keep large amounts of cryptocurrency in any hot wallet, especially an exchange account . Instead, it is suggested that you withdraw the majority of funds to your own personal “cold” wallet (explained below). Exchange accounts include Coinbase, Gemini, Binance, and many others.

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