Changpeng Zhao: '99% of cryptocurrency users will not be able | ERC20 Official Crypto channel

Changpeng Zhao: "99% of cryptocurrency users will not be able to store assets on their own"

The CEO of the Binance exchange supports self-custody, but emphasizes that it must be “do the right thing.” During a recent conference, Zhao noted that often users do not pay enough attention to storing wallet keys, which leads to the loss of either keys or assets in addresses.

“For most people, I think 99%, asking to hold assets on their own will result in the loss of cryptocurrencies. Most do not backup and lose devices, others do not pay attention to protecting keys. For example, the user writes the key on a piece of paper, and someone outside gets access to it, and funds are lost,” Zhao said.