I am in the process of purchasing a Ledger Nano offline wallet and it got me thinking about why people store their digital assets on crypto exchanges.
The reason for which people store their digital assets on crypto exchange is that they need it to trade and make money. Out of 90% people store their cryptos for this purpose only. Rest 10% if they storing their funds, they do it because either their funds are very less or they arent able to afford these wallets like Ledger etc. I know there are many risks when you store your coins on exchanges, but to be honest for most of the people these are only the options as they dont know how to use electreum or they arent able to afford ledger.