Does my Dogecoin risk being hacked on the Binance platform?

Asked 3 years ago

I purchased Dogecoin on Binance, but I am worried that it can get hacked. Should I leave it on Binance or move it to my Coinbase wallet?

Andia Rispah Igobwa

Thursday, May 27, 2021

On its website, Binance promises a secure platform to trade cryptocurrency and uses partner verification.

However, they have had their fair share of problems. In 2019, there was a data breach where investors lost millions of dollars. Even though Binance said they would refund customers, the incident still triggered security concerns from the investors and traders alike.

There will always be a risk of being hacked, however, your wallet would be a much safer option.

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