Hack and Hacks, every day I am waking up to the news of crypto exchanges getting hacked, recently a crypto exchanges founder died and he seem to have a hold of
$190 million worth of BitCoins with him.I have taken a pledge of never using a custodial exchanges, even if it is Binance, and not matter how much CZ says that he will keep the cryptos SAFU, I am not doing the mistake of keeping my money at stake.
I did a detailed study of what exchanges to use and what wallets to use -
- Exchanges - Instant exchanges only, Changelly, ChangeNow, CoinSwitch etc.
- Wallets - Divided into two parts - Ledger NANO S for long term investment, and keeping the funds safe, MultiCurrency wallet for trading, ex - Gaurda Wallet, Exodus Wallet
Let me know what you guys think.
Compliance with these rules will significantly increase the safety of funds. Instant exchanges without registration do not require the transfer of any data, all operations are performed on the side of the wallet, so only you can control your funds. Personally, I prefer Exodus while using changenow instant exchanges, at least I find all the necessary pairs there.