As cryptocurrency users, we've all heard horror stories about exchanges being hacked or shut down, resulting in lost funds. Yet, many of us still store our coins on exchange accounts, putting our digital assets at risk.Storing your cryptocurrency on an exchange can be convenient, but it's not worth the risk. Exchanges are vulnerable to hacking, and even if you think your coins are safe, you're still trusting a third party to secure your assets.

In contrast, non-custodial wallets offer a much higher level of security and control. By storing your coins offline and managing your own private keys, you can ensure that your digital assets are truly yours.

So, why do so many of people still rely on exchanges? Is it convenience? Lack of knowledge? Or something else? I've noticed this as a common mistake among many cryptocurrency users, both on and off this forum. Despite some claiming to store their coins offline in non-custodial wallets, most users still store their coins on exchange accounts. I strongly believe this is a mistake.

Exchanges are vulnerable to hacking and shutdowns. Last year, our government targeted exchanges operating in the country, causing sudden shutdowns without warning. Many users lost their coins as a result.

Having your own wallet is safer and more secure. You control your coins and their safety. Writing down your seed phrase and storing it securely isn't difficult.Unfortunately, some users store their seed phrases in their Gmail accounts, believing it's safer. However, hackers can access email accounts, and it's not a secure storage solution.There are many safe and reliable wallets available. I recommend using them and spreading the word about the dangers of storing coins on exchanges and keeping keys online.

If you're considering storing your coins online, add a passphrase to your wallet. Choose a unique phrase, not a common word or phrase found online, it can even be a word in your local dialect. This will add an extra layer of security.

Remember, securing your coins is the most important. We all know how challenging times are in our country. Stay safe and protect your assets.