Re: Why Security in Crypto Matters?

I may be old school, but I don't trust these centralized wallets and exchanges because they might be hacked easily. It may happen sometimes to keep a low amount of crypto on a centralized exchange but in general, I keep my funds only on non-custodial wallets. All these custodial wallets need to run some Penetration Testing at least once in a while to evaluate their system's security. I know a lot of people who lost their funds because they kept them on their exchange account, so to learn from their mistakes and totally avoid that.

Yes, it is very risky to trust virtual wallet more. It can be hack easily if we don't care about it. Security in crypto is very important as we store our crypto currency here. If we don't concern about security, we may lose our money easily.

Many doesn't really trust any like that even if how trusted they are and how many years the wallet exist since there are so many incident that some of them get hack and compromised for unfortunate events so maybe best to reach some good HD wallets as well if we can't afford to have it the best solution to withdraw always our funds to make it safe for unwanted attacks.

Always we can't do it. Some times, we have to store our money on wallet. Yes, it is really safe to withdraw as soon as possible but trust is also needed.

HD wallets are safe compared to the crypto exchange storage but you need to keep the 12 word master key in a secure place if you don't want to get hacked or else all your cryptos will be stolen from one place.And withdrawing from HD wallets everytime doesn't really make sense, it is better to move to hardware wallets if you don't trust them.