Quote from: Henrobakkara on Today at 07:50:51 PM

Quote from: krusepig on November 12, 2021, 12:20:34 PM

It seems to me that it would be safer (and more convenient) to keep your crypto on an exchange (coinbase, blockfi etc) than cold wallet. Wouldn't the odds be greater that you mess up your cold storage than a large exchange being hacked or whatever (even if they are hacked, that wouldn't necessarily mean you would lose any coins, whereas if you are hacked that's a different story). I ordered a ledger nano X but it seems that the exchanges are still the way to go based on probabilities. What are your thoughts?

For me, I believe it is a general consensus about holding your Bitcoins in an Exchange wallet as being riskier than In your personal wallet that only you have the keys to and this is also dependant on the quantity. If you are holding some in an exchange wallet for trading, that will be fine but I don't see me Hodling all my BTC in exchange wallet.

Would really be just no hassle if you do put up only the amounts which you do actively make out some transactions or simply with trading because if you do put it on a hardware wallet then you would really be finding some problems when it comes to transfers and fees.There's actually no doubt when it comes to safety of your coins
when storing it up on a HW rather than keeping it on a platform.

We are naturally paranoid but there are still some who are careless and doesnt mind about the importance of wallet security until
they would experience for themselves whenever unfortunate conditions happen.