Post
Topic
Board Altcoin Discussion
Re: Any good exchange
by
D-Day_68
on 03/07/2020, 18:05:00 UTC
Exchanges are not for holding your assets. They're called exchanges for a reason.

Get a good wallet where you have access to your Private Keys and backup phrase. And then pair it with a good hardware wallet like Trezor for any long-term holdings.

Sure you can keep a small amount on an exchange if you plan on doing some trading - but I wouldn't keep most of my assets on an exchange.

And for all of you who are recommending to keep your crypto on Binance because it's "trusted"...
Mt. Gox was trusted too before it went bankrupt in 2014, closed up its doors and everyone lost all their money.