- In my own opinion, I am using an Electrum wallet, and hopefully, in a few weeks, my hardware wallet will be delivered here in my home. Holding bitcoin on the exchange is too risky; unless it is similar to Binance, the risk is not that high if I compare it to other exchanges.
Now, if you store on an exchange, do so at your own risk, and it also depends on the exchange where you store or hide your Bitcoin. Because that depends on your trust in the exchange platform.
If you store assets in hardware then that is a smart choice because as you said, storing assets on an exchange does have a very high risk, even if you realize that electrum wallets on PC can sometimes still be hacked by viruses, so you have to be careful when storing Bitcoin assets because they are very vulnerable to being hacked.
Storing assets in a hardware wallet is always the main thing and has the lowest risk,
especially when compared to exchange wallets or other similar online wallets.
But unfortunately, there are still many who, even though they already know about this, still prefer online wallets or even prefer exchange wallets.
One of the reasons, yes, is because if it is already in an exchange wallet, there is no need for a transaction fee for transfers.
This is true, we can save less fees, because we don't need to transfer here and there. Transfer fees are usually big too, right?
But, the problem is, the risk is still high, right?
So, there will definitely be pros and cons, right?