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Bitcoin Forum / Re: What’s the safest option to hold BTC ?
« on: March 28, 2025, 11:11:38 PM »Storing large crypto assets in an exchange wallet is highly discouraged because when it is dangerous, it is better to store it in a custodian wallet, because it is safer. We are often late in saving because we may not hear the latest news, the busyness of the real world is very time consuming. so be careful in storing our crypto assets.You are right, as this can happen as already happened with Kucoin as I remember when the SEC opened some lawsuit against them they delayed the withdrawals, and people were panicking over it, which was natural though but still it can shoot your BP very risky hehe.This is one of our concerns if we hold a lot of assets on an exchange, compared to a personal non-custodial wallet. Indeed, one option is when we start hearing bad news about the exchange, we can immediately move our assets as soon as possible. But unfortunately, sometimes it is too late and it becomes impossible to withdraw due to certain reasons. This is why some problems when FTX and other platforms occur and investors are no longer able to move their assets because the option to withdraw directly is disabled.
Therefore we should save ourselves from the trouble and avoid holding coins on these exchanges and if we see some warnings, then we should move our funds ASAP.
Yeah, that's right even I have kept my finds on CEXs because I have to trade them hehe.
but so far I have also stored assets in binance and Kucoin which are still safe.