Binance CEO Changpeng Zhao (CZ) recently shared profound advice for the crypto community, highlighting a security risk that many often overlook.

He warns that one should not receive cryptocurrency through direct inheritance of hardware wallets or private keys from others.

This is an unsafe action, as the original owner may still access the assets if they retain the hardware wallet or private key.

Having both parties share a private key creates a serious security vulnerability, even if the key provider is trustworthy.

When cryptocurrency is moved or lost, it can be very difficult to determine exactly who is responsible – whether it is the hacker or the original owner.

CZ recommends that users immediately transfer cryptocurrency to an address over which they have full control.

To ensure maximum safety, ask the sender to transfer cryptocurrency directly to your wallet.

By taking this simple step, users not only ensure absolute control over their assets but also eliminate unnecessary potential risks.

One of the core principles of cryptocurrency security that CZ emphasizes in this advice is to control your own private keys.

The saying 'Not your keys, not your coins' has become a popular motto in the crypto industry, and this is entirely justified.

Access to assets on the blockchain is protected through ownership of the private key.

Thus, security will be compromised if users share that key or allow others to hold it.

CZ's warning serves as an important reminder for both beginners and those experienced in the crypto field.

Ensuring safety in transactions is extremely important as this industry continues to grow and more people get involved.

Whether managing assets, receiving gifts, or making transfers, maintaining exclusive control over the private key is the best way to protect users' assets.

The main message in CZ's advice is clear and effective:

Take responsibility for your own cryptocurrency security.

In the decentralized world of cryptocurrency, this helps minimize the risk of disputes, cyber attacks, and financial damage, while protecting users' financial independence.

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