Does my Dogecoin risk being hacked on the Binance platform?
Asked 4 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.
Please follow our Community Guidelines
Related Articles

Fortrade's Pro Trader App Review: Features, Fees and Accounts
Andrew Moran
June 28, 2021

ZuluTrade: Reviewing the Social and Copy Trading Platform
Andrew Moran
December 23, 2024

Is the Yokohama Trading Platform in South Africa Legit? (+ Best Alternatives)
Brokereviews Staff
May 2, 2022
Related Posts
Andia Rispah Igobwa
How Do You Protect Your Brokerage and Bank Accounts From Hacks?
Filip Dimkovski
Is Webull Legit and a Safe Trading Platform to Use?
Filip Dimkovski
How to Determine When to Buy and Sell Dogecoin
Can't find what you're looking for?