Is it safe to keep crypto on Binance?

Is it safe to keep crypto on Binance?
Is it safe to hold crypto in Binance

Binance security features also include address whitelisting, device management, and the ability to restrict device access. Like Coinbase, all USD balances are insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC) and held in custodial bank accounts.

What is the safest place to store crypto

Cold wallets Cold wallets are the most secure way to store your Bitcoin or other cryptocurrencies. For the most part, however, they require a bit more knowledge to set up. It's essential for anyone interested in owning cryptocurrency to learn about safe storage and the concepts of both hot and cold wallets.

Where you should not keep your cryptocurrency

Keeping your digital assets in an exchange wallet is comes with added risks, so storing your cryptocurrency there for a long period of time is not a good idea.

Does Binance hold your coins

All U.S. dollar deposits at Binance.US are held at custodial bank accounts and insured up to $250,000 for bank failure by the Federal Deposit Insurance Corp. But Binance.US does not say whether it has private insurance for crypto deposits held on its services.

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