CryptoElite
Fri Jun 14 2024
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6 answers
1193
Can I use stETH as collateral?
Could you please explain to me if it's permissible to utilize stETH as collateral for any financial transactions? I'm particularly interested in understanding the logistics behind this process, including any potential risks or benefits associated with using stETH in such a manner. Could you also elaborate on any prerequisites or specific steps I need to take in order to do so? I'm keen to understand the full scope of what's involved before making any decisions. Thank you for your assistance in clarifying this matter.
ShintoMystery
Sat Jun 08 2024
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7 answers
1599
Can I use my Binance account as a wallet?
Could you please clarify for me if I can utilize my Binance account solely as a cryptocurrency wallet? I'm interested in knowing if it's possible to store my digital assets on Binance without engaging in trading activities. Additionally, I'd like to understand if there are any specific advantages or disadvantages to doing so, compared to using a standalone wallet. Would you also mind explaining how the security measures of Binance as a wallet compare to those of traditional wallets? Thank you for your assistance in clarifying these points.
