Can I use Binance, Coinbase or other Crypto Trading Accounts to Save Money Safely?

Okay, so the question is when you're, when you've got savings that you're going to trade with, is it okay to put it on the binance account and leave it there even if you haven't started trading yet or maybe even when you are trading, can you just save into that like a savings account? And it's a really good question. There's a couple of things that are, that are important to remember. The first and most important is security. So in the crypto success system course we talk about security of the exchanges and keeping your data and your passwords and everything secure as long as you follow the rules or the guidelines about security. Must have a complex password that you don't use for anything else. That password must be kept private so that it can't be copied or stolen from you. You must have two factor authentication. When you log in, you must have your.

Your withdrawal destination white list done so that someone can't hack your account and then send money to someone else. The only place the money can be sent is your bank account.

So and there's some other security measures that we talk about. You also need on your computer. You need to make sure you have proper antivirus software and anti malware software that is up to date. If you do all of those things, it's pretty safe.

So I think therefore it's okay. But if you're reckless, then you just like, you know with your, with your account normally or your bank account details. If you're reckless, you risk getting hacked and losing your money. Right? So be very careful and make sure whatever you do, you don't adopt the thinking that it won't happen to me because it will if you are not very careful. There are so many scams and so many people trying to access other people's accounts that it's a real risk. So take the precautions and I think it's okay.

Sa.