Post
Topic
Board Bitcoin Discussion
Re: should we hesitate if exchange have huge reserve?
by
Trêvoid
on 27/09/2024, 15:21:37 UTC
Even with Indodax recovering quickly and showing proof of large reserves, it's always wise to be cautious. Exchanges can be vulnerable to hacks, no matter how large their reserves are. While they may be able to cover losses but i suggest you is, keeping your Bitcoin on a hardware wallet (like your Ledger Nano S Plus) is a safer option for long-term storage.