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Which network is Binance's SafePal wallet address stored in?

Binance

Cryptocoins Exchanges / Binance 159 Views

Like when you create a new wallet, you're given a mnemonic phrase which translates to your private key.

I get Bitcoin wallets and private keys stored in the BTC blockchain, but what about Safepal wallets?

When you create a new wallet, what blockchain is it stored in?

Stupid question but I'm asking because, theoretically, if SafePal as a company collapses, what happens to your wallet and its cryptos inside?

submitted by /u/ubermenschenzen
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