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Bitcoin Forum / Re: Which is safer to hold your Bitcoin in wallet or Exchanges?
« on: December 19, 2023, 10:34:09 AM »
"Not your keys Not your money" is a popular saying in the btc and the entire crypto community about safe keeping our asset. There is no secured way of keeping your asset than your personal wallet and most preferably a hardware wallet.
Exchange is not the right place to keep your btc, it is only good for temporary if you are a trader and must access your funds regularly to trade.
We have seen many cases where exchanges got hacked or go bankrupt as a result of misappropriation of funds and funds are stolen, many users becomes victims because they have all their funds stored in the exchange.
Even though those victims will be compensated for their lose, there is always a negative effect on the victim, it is better to be safe than sorry.
Exchange is not the right place to keep your btc, it is only good for temporary if you are a trader and must access your funds regularly to trade.
We have seen many cases where exchanges got hacked or go bankrupt as a result of misappropriation of funds and funds are stolen, many users becomes victims because they have all their funds stored in the exchange.
Even though those victims will be compensated for their lose, there is always a negative effect on the victim, it is better to be safe than sorry.