According to @binance, hot wallets are internet-connected and best for frequent trading with smaller balances due to speed and convenience, while cold wallets keep private keys offline and are better for long-term storage and larger balances to reduce hack risk. Source: Binance Academy article Hot vs Cold Wallet: Which Crypto Wallet Should You Use and Binance tweet dated Jan 2, 2026. Traders can apply this by keeping only a working balance in a hot wallet for execution and regularly moving excess funds to cold storage to limit online exposure. Source: Binance Academy article Hot vs Cold Wallet: Which Crypto Wallet Should You Use. Security steps include storing seed phrases offline, enabling two-factor authentication on hot wallets, and testing small transactions before sending larger amounts to prevent irreversible errors. Source: Binance Academy article Hot vs Cold Wallet: Which Crypto Wallet Should You Use. Hardware wallets are a common cold storage option that isolates keys from the internet, making them suitable for higher-value holdings and longer holding periods. Source: Binance Academy article Hot vs Cold Wallet: Which Crypto Wallet Should You Use.

According to @binance, users should make crypto transfers correctly by choosing the right network, verifying transfer details, and enabling 2FA, with more information available at brnw.ch/21wYKUp (source: Binance on X, Jan 1, 2026). Binance highlighted these steps as practical best practices for secure fund movements relevant to traders executing deposits and withdrawals on its platform (source: @binance on X, Jan 1, 2026).

According to @_RichardTeng, security should be prioritized in the digital asset space and personal responsibility is paramount for anyone active in crypto trading, source: @_RichardTeng on X, Nov 26, 2025. He advises using strong, unique passwords, enabling 2FA, and being skeptical of unsolicited links to stay safe, source: @_RichardTeng on X, Nov 26, 2025. He presents these as practical steps traders can implement immediately to remain safe in digital assets, source: @_RichardTeng on X, Nov 26, 2025.

According to @52kskew, Bybit’s current withdrawal flow includes standard verification via email and 2FA, followed by an additional facial verification even for KYC’d accounts (source: @52kskew on X, Nov 26, 2025). According to @52kskew, he characterizes the extra facial check as massive overreach and notes that banks do not require this for small transfers (source: @52kskew on X, Nov 26, 2025). According to @52kskew, traders relying on rapid withdrawals for arbitrage exits, funding rotations, or exchange risk management should account for the extra verification step when using Bybit (source: @52kskew on X, Nov 26, 2025).

According to @caprioleio, Bitcoin BTC faces higher near-term quantum risk than banks because most traditional finance institutions are already migrating to quantum resistant encryption. Source: @caprioleio on X, Oct 15, 2025. He states that two factor authentication used by most TradFi institutions is quantum resistant, further reducing their exposure relative to single key systems. Source: @caprioleio on X, Oct 15, 2025. He adds that centralized banking rails can reverse or wind back hacks, limiting irreversible loss compared with decentralized systems. Source: @caprioleio on X, Oct 15, 2025. He argues Bitcoin’s elliptic curve cryptography is weaker than widely used RSA under quantum attack assumptions, implying BTC could break years before bank grade RSA and making Bitcoin first on the chopping block. Source: @caprioleio on X, Oct 15, 2025.

According to Miles Deutscher, crypto traders should treat stablecoins as core capital, prioritize longevity over short-term gains, define exit levels before entries, focus rather than over-diversify, and avoid emotional attachment to any coin (source: X post by Miles Deutscher, Oct 14, 2025). He also advises denominating performance in BTC and securing funds via cold storage and 2FA (source: X post by Miles Deutscher, Oct 14, 2025).

According to @KookCapitalLLC, an unauthorized coin was launched from their X account and followers are warned not to send money to any wallets posted by the account, source: @KookCapitalLLC on X, Sep 3, 2025. The author states they use 2FA including YubiKey, yet the Apps and Sessions page shows a pump fun mobile app they have never used, source: @KookCapitalLLC on X, Sep 3, 2025. Traders should treat any token or wallet promoted by the account as high risk and avoid buying, swapping, or providing liquidity until an all-clear is posted by the author, based on this report, source: @KookCapitalLLC on X, Sep 3, 2025. If already engaged, isolate exposure and monitor for further updates from the author to mitigate potential losses, source: @KookCapitalLLC on X, Sep 3, 2025.

According to @_RichardTeng, Binance is actively enhancing its compliance and security protocols to safeguard user assets, highlighting the critical importance of strong passwords, two-factor authentication (2FA), and vigilance against phishing in crypto trading. These ongoing improvements are directly relevant for traders seeking secure exchange environments, as robust security reduces the risk of hacking-related market volatility and protects trading positions. Source: @_RichardTeng on Twitter, June 23, 2025.

According to ZachXBT, a common phishing scheme is targeting cryptocurrency users by sending fake copyright infringement emails. These emails are designed to create a sense of urgency, tricking users into visiting phishing websites where they are prompted to reset their two-factor authentication (2FA) or passwords. ZachXBT advises users to limit the reuse of email addresses across services and to utilize security keys for 2FA on important accounts to enhance security.

According to ZachXBT, a new phishing scam is targeting cryptocurrency users by sending fake copyright infringement emails. These emails are designed to create a sense of urgency, tricking users into visiting phishing sites where they are prompted to reset their two-factor authentication (2FA) or password. ZachXBT advises users to limit the reuse of email addresses across services and to utilize security keys for 2FA on important accounts to protect against such scams.