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I have my crypto in Binance, any tips on how to move it away from there?
by readyoubestbook 5y ago
I have my crypto in Binance, any tips on how to move it away from there?
- plondon514 5y agoCreate a blockchain.com wallet
- 3np 5y agoThis is terrible advice. There are much better options even if you do want a custodial wallet.
- eingaeKaiy8ujie 5y agoSend it to your address?
- puranjay 5y agoCreate a Metamask account and send your crypto to your address. Works with all ERC-20 tokens
- mr_sturd 5y agoI've stuck with Electrum for Bitcoin, and MetaMask for Ethereum/ERC20 tokens. With both, make sure to save the generated seed phrases, and use a strong password to lock the wallets.
- 3np 5y agoCreate your own non-custodial wallet. Ideally keys would be generated either on an airgapped computer, or on a hardware wallet (e.g. Ledger). For non-significant amounts that you want to be able to use in the go, you can choose to additionally have a hot wallet (others have already mentioned MetaMask for ETH-based, for example). If you do not want to go the extra mile and want convenience, and have an iPhone, personally I think an iOS-based wallet is a more secure choice than having it on your desktop or Android device. Save your BIP39 seed phrase offline (paper for example). Protect it with a pass phrase. If you want extra protection on the passphrase, there are solutions to “split” it using Shamir’s scheme to for example 2-out-of-3 and store the parts on different locations. (Definitely run this on an offline device, for example on a laptop booted from a live USB key) Either way I advise against fully custodial wallets such as blockchain.com or crypto.com (commonsly recommended but not your keys not your coins).