Re: storing BTC at exchange wallet long term

I have some Youtube and Twitter BTC experts who got me into BTC and who I trust totally. Yet some of them recommend people to take advantage of the passive income with BlockFi. I thought it was crazy for anyone to trust their BTC with BlockFi. After reading all your replies, I am now 100% convinced. My BTC stays in my cold storage. Thanks.

Lol, there's are some issues in blockfi about delayed withdrawals and lost deposit earnings. So, that's basically something you don't want to happen with your Btc sitting in a custodial wallet. They're holding your Btc and they can make it disappear If they want while you're sleeping.
There's no safer wallet storing your Btc than your own cold wallet, and I'm glad you did realize that.

Okay lets put up some links or reference between the two and on whats their pro's and cons:

https://cryptobuffett.medium.com/pros-and-cons-my-experience-earning-interest-with-blockfi-c27c133fa6fb
https://www.quora.com/What-are-the-pros-and-cons-of-Celsius

In the end of the day, nothing beats out when you are having the full control of your funds.

I don't think OP knows the risk of leaving their coins on an exchange wallet it's not something or someone you can trust since you have no full control of that account. Plus if the issue tends to last almost to never then rethink what you are planning, OP and now that you have decided to put it on a cold storage then that's better than leaving it to someone's hands.

Holding your own BTC/money is the very essence of Bitcoin. To have a full control of your funds that no one can interfere without your knowledge, please remember that.