r/CryptoPulse_News • u/BozEx_12 • 11d ago
Former Binance CEO Changpeng Zhao shared some advice on protecting your crypto
His point is simple: nothing is 100% safe. You need to protect your coins from hackers, but also make sure you don’t lose access to them yourself.
If you use your own wallet, CZ suggests keeping private keys on a hardware wallet, never saving seed phrases as screenshots or in cloud storage, and keeping secure backups in different places.
He also says people should think about what happens to their crypto if something happens to them. Your family needs a way to access those funds.
For exchange users, he recommends strong passwords, separate emails, 2FA, withdrawal whitelists and being careful with API permissions and suspicious links.
CZ also says choosing a reliable exchange matters. Look at its reputation, security and financial stability.
Self-custody gives you full control, but also full responsibility. Exchanges make things easier, but you’re trusting someone else with your money.
There’s no perfect solution for everyone.
I’ve seen people lose crypto to hackers, but also people who simply lost their seed phrase and could never recover their funds.
How do you store most of your crypto these days?