10 Great Tips for Practicing Safe DEX With Binance Chain

This article provides several tips for using Binance DEX more safely.

Before we start, it is important to bring your attention to something pointed out by Binance

Academy in its tutorial for creating a Binance DEX wallet:

As a Binance DEX user, you will hold full custody of your funds. No one, not even Binance will be able to help you recover your wallet if you lose your private key, mnemonic phrase or keystore file.

After you create a wallet, Binance DEX will generate the following for you:

A Keystore File (encrypted & password protected)"A keystore file contains your private key along with your public key and address (both of which are derived from your private key). This file is encrypted and password protected. This is the recommended way to access your wallet if you do not have access to a supported hardware device."

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