Just saw Binance is forcing NFTs over to the Wallet app now. Feels like they're really pushing the self-custody angle suddenly. Anyone got a good breakdown of how this actually works for the average user?
just wanted to chime in and say that I've been using the wallet self-cust option for a bit now and I feel way more secure knowing my NFTs are stored offline, no more worrying about exchange hacking or restrictions on my assets. the learning curve was pretty steep at first but overall it's been a game-changer for me.
I've been waiting for this move from Binance, it's about time they start taking security seriously. Self-custody is the future, and it's interesting to see them pivot in this direction, especially with the regulatory pressure they're under.
I think a lot of people are still learning about self-custodial wallets and how to properly use them, NFTs are just the start, they're planning to move more assets to wallets soon, so its a good time to brush up on your security best practices.
Finally pushing people off the training wheels, even if it’s gonna be a rude awakening for the normies. You better learn how to manage gas fees before your JPEGs get stuck in limbo though.
Finally, a wake-up call for the normies sleeping on self-custody. Sucks to manage your own seed phrases, but "not your keys, not your coins" has never been more relevant.