Binance Square
Discover
News
Notification
Profile
Bookmarks
Chats
History
Creator Center
Settings
Post
jennyukim
--
Jacky 傑克_JBitLog 幣誌
·
--
【If stocks have securities accounts, where is the 'money' in the cryptocurrency world actually stored?】
In the stock market, people tend to open a securities account and transfer money into it,
and you don't really think about 'where the stocks are', because you assume 'the brokerage will take care of it for me.'

But when it comes to the cryptocurrency market, many people feel lost, because:
​
- There are no banks
- There are no securities accounts
​
You can see the assets on the exchange app, but where are they actually stored?
In fact, many people are unaware that the stocks you buy have never been kept by you.

When you transfer money into the securities account, it is actually going into the 'brokerage firm',
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
1
3
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.
💬 Trusted by the world’s largest crypto exchange.
👍 Discover real insights from verified creators.
Email / Phone number
Sitemap
Cookie Preferences
Platform T&Cs
Sitemap
Platform T&Cs
Cookie Preferences