Separate account access from ownership controls
With an exchange account, you depend on the provider’s custody and withdrawal processes. With a self-custody wallet, you control the signing keys and take on the recovery burden. Neither arrangement removes the risk of loss.
- An exchange password reset is different from restoring a wallet from its recovery material.
- Ask what would happen if your phone broke, the provider restricted withdrawals or your email account was compromised.
Protect recovery material
A recovery phrase can restore control of a wallet. Treat it as access to the assets, not as an ordinary password to share with support. Keep it offline and private; do not type it into a link sent by someone offering help.
- Follow the wallet maker’s genuine setup instructions and understand how backups work.
- Do not place a recovery phrase in this site, a community post, a direct message or a cloud document.
Check a transfer in both places
The asset name is not enough: the sending and receiving services must support the same network. Some destinations also require a memo or tag. Compare the full address using a trusted display before confirming.
- Check the destination’s deposit page for supported networks, minimums and any memo requirement.
- Consider a small test transfer first, allowing for its fee. Wait for it to arrive before sending more.
Review what you are signing
Connecting a wallet and authorising a transaction are different actions. Read the request, the site address and the permissions. If a prompt is confusing, close it and investigate rather than repeatedly clicking through.
- Keep a separate learning wallet with limited funds when experimenting with unfamiliar applications.
- Review old token approvals through tools you have independently verified. Revoking an approval itself can require a network fee.
Your next steps.
Use this checklist before moving on. These boxes are for this reading session and are not saved.
Sources & fact check
Checked . Provider material describes the provider’s own service. Check current terms before acting.
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