SakuraDance
Wed Oct 02 2024
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6 answers
1532
Is a crypto exchange a 'not your keys & not your crypto'?
So, let me get this straight: is the concept of "not your keys, not your crypto" really applicable to crypto exchanges? I mean, if I'm storing my digital assets on a platform like Coinbase or Binance, does that mean I don't actually own those coins or tokens? It seems like a pretty straightforward idea, but I've heard conflicting opinions about whether or not crypto exchanges can be trusted to safeguard our funds. What's the real story here? Should we be keeping our own private keys and storing our crypto off-exchange, or is it SAFE to leave it with a reputable platform?
