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.
How do you convince people like that? I am worried Murphy's Law will hit her badly and she will lose her funds.
she has to get used to saving in a personal wallet, if the goal is for the long term just keep it in a personal wallet either with private key only wallet or hardware wallet, but she is like to do short trading I think saving on the exchange is not a problem either. as long as the exchange is exist and established in your own country and is trusted.