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Crypto Exchanges / Re: Is it safe to put the tokens on the exchange?
« Last post by Gurujebs on Today at 09:29:16 PM »It's generally safest to keep most tokens in a non-custodial wallet you control. However, verified exchanges like Bitget, Binaxe or OKX with proof of reserves exceeding customer assets can be suitable for storing huge amounts also if desired for convenience. Diversifying storage is a balanced approach.
Trust exchanges at your own risk. Just because they told you they have some Bitcoin doesn't really mean they have it unless and independent team verify such team, it's like saying I have 10 Bitcoin but you don't have a way to verify if that's true or false.
Exchanges as the name implies is a place for trading and not for keeping any coins, the only condition that will make me keep coin in an exchange is if there is going to be a token swap from one chain to another and the team instructed everyone to deposit coin on a particular exchange, that's when I will do as instructed else all coins should alwsys remain in personal wallet.