Binance and Coinbase are seen as the safest crypto exchanges, self-custodial wallets are the future, and Best Wallet might be the number one Web3 wallet – let’s check it out.
As liquidity slowly creeps back into the crypto market, with investors anticipating Fed rate cuts in May, now is the time to be ultra-vigilant when using crypto exchanges. Binance and Coinbase have long been the market leaders in the exchange space. However, are they still the best choices?
The ultimate answer is that any centralized crypto exchange (CEX) can only be so secure. As the old adage goes, not your keys, not your coins. CEX users are prone to a wide variety of threats; from insolvency, hacks, exploits, and phishing scams, to name a few.
3 Tips to Keep Your Wallet Secure 🔐
1️⃣ Back up your wallet – Always store your recovery phrase or private key safely, preferably offline.
2️⃣ Beware of scams – No one from Best Wallet will ever DM you asking for your private keys. Stay alert.
3️⃣ Use strong security settings –… pic.twitter.com/Ix9NQuAyWQ
— Best Wallet (@BestWalletHQ) March 19, 2025
While Binance And Coinbase Are Known To Be The Safest, Centralized Exchanges Are Always A Risk
An Investopedia report from November 2024 showed some damning facts regarding crypto exchange hacks. It found that more than $1.7 billion was stolen in 2023 and $3.8 billion was stolen in 2022 from crypto exchange-related hacks.
Fast forward to 2025 and things have only gotten worse. Just one month ago, on February 21, the leading exchange, ByBit, was hacked for $1.5 billion. The attack was carried out by the North Korean hacking group Lazarus.
While Coinbase and Binance are seen as the most security-focused, liquid, and trustworthy exchanges, they aren’t infallible. Users can be hacked from a simple phishing scam or a more advanced sim-swap attack. The bottom line is that if you store funds on a CEX, no matter how reputable, your tokens belong to the exchange.
The general rule of thumb is to keep as small a percentage of your portfolio on an exchange as possible. Use a CEX to trade, not store your cryptocurrency.
As new investors begin to flow into the crypto space, it is important to find a secure, self-custodial wallet to which you own the private keys.
Linked to the #BybitHack, Lazarus Group is a North Korean cybercrime team behind major crypto heists.
Their attacks, believed to fund North Korea’s missile program, use malware, phishing & key exploits to breach exchanges.
These are the biggest hacks attributed to Lazarus 👇 pic.twitter.com/JFvUU8o0uA
— CryptoRank.io (@CryptoRank_io) March 6, 2025
Best Wallet (BEST) Is The Go-To Self Custodial Multi-Chain Web3 Wallet – Store Thousands Of Tokens Across 60+ Chains
When it comes to security, no team takes it more seriously than the devs behind Best Wallet (BEST). This new self-custodial wallet allows users to store any cryptocurrency across 60+ blockchains while staying in control of their private keys.
This means that the only risk is from the user’s end. Coinbase, Binance, and every other CEX pose multiple risks of losing funds that are out of a user’s control.
With Best Wallet, ensure that your private keys are stored securely, not on your phone or computer but locked away securely on a piece of paper and the risk of being hacked goes to near-0.
With the Best Wallet team constantly pushing fresh software updates and the latest security measures in place, it is fast becoming the go-to Web3 wallet on the market.
Its latest update brought native Bitcoin support with it. With Bitcoin now supported, users can store all tokens within the biggest ecosystems, including Ethereum, Tron, Solana, Cardano, and many more.
Its native token, BEST, is still available in the presale phase and has just hit $11.35m in funding. Buying BEST here is like investing in MetaMask if they had a token during its early days.
Best Wallet’s Web3 wallet app, available on both Apple and Google app stores, has had over 500,000 downloads. It also boasts over 250,000 active users. Its multi-chain nature, coupled with cutting-edge security and boatload of features, is helping to lure customers away from the likes of Trust Wallet and MetaMask.
On the subject of its features, right from within the app users are able to store, trade, stake, game, wager and soon spend via an upcoming Best Debit Card, compatible with Google and Apple Pay.
The most popular feature within the Best Wallet ecosystem is its ‘Upcoming Tokens‘ platform. The BEST team work closely with some of the hottest presales on the market, giving exclusive access to its users at phase 0 prices.
There are less than 12 hours remaining until the BEST presale moves onto its next price stage. Once the timer runs out, the current $0.02445 per BEST price will be gone forever.
Check Out The Best Wallet Presale Today
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With new crypto investors entering the market, what is the safest exchange to use?
- Binance and Coinbase are seen as the most secure, liquid and reputable exchanges
- Investors should never store large amounts on an exchange – not your (private) keys, not your coins
- Exchanges are always at risk, with over $5.5 billion stolen from them across 2022 & 2023
- Just last month, ByBit exchange suffered the largest single hack of a CEX, losing over $1.5 billion to North Korean hackers
- Self-custodial wallets are the way to store crypto, with Best Wallet (BEST) offering a secure, multi-chain offering that is packed full of features not found elsewhere
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