Post
Topic
Board Service Discussion (Altcoins)
Re: Is Binance safe to store cryptos?
by
foxtrot88
on 23/06/2018, 01:47:21 UTC
Hello!

I have about $600 worth of various Cryptos on Binance. I have two-factor Authentication enabled (meaning I have to get a code from the Google Authenticator App on my phone). Is it safe to just store the coins on the exchange? That way it will be easier when I go to sell them and I don't have to keep paying fees for transferring them in and out. I realize that it's not normally advised, but with two-factor authentication enabled, does that change anything?

Thanks!
I'm in the same boat as you. IMO if we have the two-factor authentification on, we're safe. I'm saving for a trezor though and I think you should too! Just to be safe.