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

How to Build an Investment Portfolio for Retirement
Sofia Thai
April 23, 2021

The Fundamentals of Forex Currency Exchange Trading
Filip Dimkovski
August 5, 2021

eToro vs. AvaTrade: Compare Products, Features, Fees, & More
Filip Dimkovski
October 25, 2021
Related Posts
Filip Dimkovski
Is Webull Legit and a Safe Trading Platform to Use?
Andia Rispah Igobwa
How Do You Protect Your Brokerage and Bank Accounts From Hacks?
Filip Dimkovski
24Option Review: Account Types, CFDs, Safety, and More
Can't find what you're looking for?