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RE: Daily- Binance - FUNDS are SAFU
Hi boxmining if they do so same thing in future how can be we safe? One day will hack the exchange and we will loose.
Hi boxmining if they do so same thing in future how can be we safe? One day will hack the exchange and we will loose.
depends if the hack is on hot wallets or cold wallets. if hotwallets are hacked usually the exchange can make enough to cover the losses.
Hello @acryptoverse
Use allways, Hardware wallet like #Trezor or #ledzer and secure your crypto currency parmanently.
You should store the majority of your holdings on a cold wallet and only keep your trading positions on exchanges. That way if a major hack were to happen you wouldn't have to worry about potentially losing it all.
but we don't know the hackers is on hot wallet or cold wallet,I think you should better store your holdings half of each wallet , in this way, you can take little risk of these.