With the collapse of FTX and issues across the industry such as Binance, BlockFi, Celsius, Voyager, etc. I want to know what exchange do you trust the most?
Don't trust anyone, any exchange.
You have a chance to have your own bank with Bitcoin and cryptocurrency with non-custodial wallets, why don't take it?
I know the need for trading but as rules of safety first, let's check
- To avoid mistake, never make a big capital move with only 1 transaction. Split it into a few transaction so probability to make mistakes for all transactions is much smaller or impossible. You will impossible to lose all capital if you make it by a few transactions.
- Better, doing it in different hours, different days. Probability to get black swan events is very slim so it impossible to get it on different days.
I know rule #1 is to move your crypto off exchanges and into your wallet, but lets honestly many people dont do that.
Just don't store all capital you have on exchanges. Only store a capital part which is used for trading.
Agree.
But, As of now I think Binance has established a good level of trust within the community...