Post
Topic
Board Bitcoin Discussion
Re: Which platform is safe to store Bitcoin and can’t be hacked ?
by
crunck
on 10/06/2023, 15:14:10 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 so about 2 million tokens of BNB (worth about $570 million) was  withdrawn.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.

All wallets are vulnerable to hackers, no wallet is completely secure. But using a custodial wallet or exchange wallet is even more risky because we don't have full control over our assets. In addition to the possibility of being attacked by hackers, we are also at risk of having our assets frozen, having our assets confiscated without reason, and making it very difficult to get our accounts back.

So stay away from the wallets you refer to and learn about non-custodial wallets. But remember, the safety of your assets is 99% dependent on you, no matter what wallet you are using.