This has been the funniest not your key not your coin story I have ever heard. It is about an Indian exchange Mudrex that stopped crypto withdrawal and told people that withdrawal will resume on the 28th of January. That is 2 weeks and 3 days before their customers can be able to withdraw their money. That will also be if nothing has happened to the exchange.
But someone told people should convert their coins to Indian rupee and withdraw Indian rupee. I do not know if Indians that are using the exchange will be able to withdraw to fiat.
https://cointelegraph.com/news/indian-crypto-exchange-mudrex-halts-crypto-withdrawalsThat’s really funny. Why should an exchange stop withdrawals for no reason? They didn’t even give notice before the suspension. At least people will have withdrawn their money from the exchange before they stop withdrawal. That’s really bad, and that’s the reason why we shouldn’t leave our coins on an exchange, and as a trader we should make sure we make use of a reputable exchange when trading, and when we know we won’t be trading for some time, then we should withdraw it from the exchange.
When planning to invest for a long time or even a short time, no exchange should be trusted, no matter how reputable the exchange is. When investing, then we should leave our coin in our wallet, and we should make sure our private key is properly secured, because if you can lose access to your private key, then your coin is gone already, so it should be secured properly.