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Basic Questions about Cryptos / Re: A wallet as a container of money or exchange?
« Last post by taufik123 on Today at 11:03:41 PM »Exchanges do not offer 100% security, that I'm very much aware of, reputable or not, especially when it's a Centralized Exchange. They may have a level of security, but it doesn't mean that it's 100% secure.Must learn from many events that have happened, how a lot of top exchange users' money was lost due to the actions of his own CEO who manipulated and used user money.
And yeah, you're absolutely right that it's not advisable to HODL your assets on exchanges regardless the security promised by the exchange, one should always apply extreme caution when dealing with matters that concerns finance.
Now enough people are aware of the security of their own assets and no longer trust a centralized Exchange completely.
Personal wallets are better for storage, and the Exchange is only for trading and the funds used have also been determined according to the amount you want to trade, then withdraw slowly when it is profitable.