727 FinancePANews October 11 news: Binance founder CZ released a streamlined crypto asset security guide, recommending that users match security measures to the value of their holdings and their own technical proficiency, with a focus on three major issues: theft prevention, loss prevention, and inheritance planning. The guide offers recommendations separately for self-custody and for assets held on centralized trading platforms. For self-custody, it recommends measures such as using a dedicated offline computer to store keys and sign transactions, using a reliable hardware wallet, verifying transaction addresses, and setting up multiple off-site backups, while avoiding taking photos or screenshots of keys or screen captures, so they are not synced to cloud accounts. In inheritance planning, users should establish a secure recovery plan in advance and avoid directly sharing keys or storing recovery information in unencrypted form.
PANews, October 11 news: Binance founder CZ released a streamlined crypto asset security guide, advising users to match security measures to the value of their holdings and their own technical ability, with focus on three major issues: theft prevention, loss prevention, and inheritance.
The guide offers recommendations separately for self-custody and for funds held on centralized trading platforms. For self-custody, it recommends that users use a dedicated offline computer to store keys and sign transactions, use a reliable hardware wallet, verify transaction addresses, and set up multiple offsite backups, while avoiding taking photos or screenshots of keys or screens, so they are not synced to cloud accounts. In planning inheritance, users should establish a secure recovery plan in advance and avoid directly sharing keys or storing recovery information in unencrypted form. For centralized trading platforms, it recommends that users assess the platform's reputation, security capabilities, and business model, and strengthen account protection through measures such as a separate email, strong passwords, two-factor authentication, hardware security keys, and withdrawal address whitelists, while remaining alert to phishing attacks and API credential leaks.
The guide recommends that users allocate funds between exchanges and personal wallets based on technical ability, security practices, and access needs. Choosing self-custody means taking independent responsibility for protecting and recovering keys; choosing exchange custody means relying on the provider's reliability and requires strong account protection measures. In addition, using a separate wallet can ensure that funds remain accessible during exchange maintenance periods.