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Cryptocurrency Trading / Re: Just HODL
« Last post by akeemqaz on Today at 02:56:24 AM »
Nice idea but accumulation shouldn't has happened on the exchange, do it on your own wallet, the one you can control and have power over. An exchange like Bitget is not even popular, if they disappeared today, you will have no where to run over to but keeping your coin on your personal wallet or in a hardware wallet will help you secure your Bitcoin.
You can use Electrum if you decide to keep only Bitcoin, this software wallet is the best and you can create one offline so your private keys don't get vulnerable to scammers.
Yeah, the best is to use hardware wallets. Although, I use non-custodial wallets for now. And will try check Electrum.
Also Bitget is a porpular exchange with 1.3 million followers on Twitter, there proof of reserve is massive and according to the data from SimilarWeb in April, the web traffic to most of the cryptocurrency exchanges has decreased compared to March except Whitebit and Bitget, with Bitget leading at 11%.
Source: https://twitter.com/ICO_Analytics/status/1788212200357650655
So, I feel safe a bit but not keeping on my assets on an exchange as you've said.