Post
Topic
Board Service Discussion (Altcoins)
Re: Is it safe to save USDT and BUSD on binance for long term?
by
Cornia
on 20/09/2022, 13:24:12 UTC
I receive some money from my friend to my USDT address on binance web wallet from month to month. If my friend somehow fakely demand the money legally/illegally on binance from my wallet, can he get any money from my wallet in the future? Is that possible?

Is it safe to save USDT and BUSD on binance for long term?
Your friend can never transfer USDT to your wallet without your permission, even Binance won't allow it. But you should transfer your USDT from binance to a secure wallet. No one but you will know the private key or seed phrase of the wallet. But it is better not to use wallets from which dex exchanges can be used. This can make you a victim of phishing.