Cryptocurrency Q&A
Does Binance give you private keys?
Does Binance give you private keys?
GeishaCharming
Wed Feb 19 2025
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6
answers
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I'm considering using Binance for crypto trading, but I'm concerned about security. Do they provide private keys to users? I want to make sure my assets are secure.
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6 answers
GinsengBoostPowerBoostVitality
Fri Feb 21 2025
A custodial wallet represents a service where the private key to a user's wallet is owned by the service provider.
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NebulaPulse
Fri Feb 21 2025
This means that the service provider has control over the assets stored in the wallet.
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Eleonora
Thu Feb 20 2025
Ceffu, formerly known as Binance Custody, is an example of a custodial wallet service.
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CryptoPioneer
Thu Feb 20 2025
They manage the private keys and assets on behalf of their clients.
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Giuseppe
Thu Feb 20 2025
Another well-known custodial wallet is the regular Binance account.
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