Are the spot wallet and Binance fund wallet secure?

Hi everyone! :star2: After the recent news about Binance, is it still safe to store bitcoin in the fund or spot wallet? Or should I consider pulling them back to wallets like Trust and Coinbase? :thinking:

2 Likes

Before the news, it was never safe in the first place. Use the exchange as a ramp for bitcoin. Transfer to a hardware wallet, load fiat, purchase Bitcoin, and repeat.

I want to clarify that Binance is not a Bitcoin wallet.

I want to clarify that Coinbase is not a Bitcoin wallet.

I want to clarify that Bitcoin funds or spot wallets do not exist.

Do you hold the keys?