I have a friend that is really invested into crypto. She is very enthusiastic about it and I learned a ton about Bitcoin and crypto from her. But then she told me something that scared me: she keeps ALL her Bitcoin in the exchanges rather than a hard wallet.
I told her that was a security risk, she could get hacked, the exchange might play dirty with her money in the future, the exchange could disappear. Her response was that I was being paranoid, that her exchanges are safe, and that she is pretty careful anyway so she is certain hackers won't get her.
How do you convince people like that? I am worried Murphy's Law will hit her badly and she will lose her funds.
Show her about the Post of @mprep and that is the complete reason why she does not need to trust any exchange to keep hold al of His funds.
I know the reason why she's doing this because to be ready in case change her mind to transfer coins to another coins but she can keep the funds to stable coins instead and put all in a Hardware wallets.
or even in Bitcoin for the more safer but functional investments.