Post
Topic
Board Bitcoin Discussion
Re: Which platform is safe to store Bitcoin and can’t be hacked ?
by
sokani
on 09/06/2023, 13:02:13 UTC
I store Bitcoin on blockchain, Binance and trust wallet. I’m just wondering which other platform is safer and more secured? Since all 3 have been hacked before.
 Remember when Binance was first reported that $100 million was hacked from their account, then the number went up drastically. so about 2 million tokens of BNB (worth about $570 million) was  withdrawn.
Trust Wallet was also hacked and it caused the platform a damage of about $4 million estimated lose. Also, blockchain public data shows that hackers have stolen about  $2 billion in blockchain cryptocurrency.
I don't know if you have heard about the latest hack in the crypto space right now, i.e the atomic wallet hack. Also, do you know about FTX hack? Try asking google about it and you would get some information. FTX is a CEX like Binance and atomic wallet is a close source wallet. Now, back to the wallet you are using. Binance is an exchange and it uses a hot wallet while trust wallet is a non custodial close source wallet. Both are not recommendable in storing funds and you should move your assets to a hardware wallet like trezor, ledger, ellipal etc. but if you cannot afford a hardware wallet then you can download a non custodial open source wallet like electrum (only from the official website) to be safe.