Following the recent Bitcoin ATHs, C0inbase subredditors are now gaslighting people that storing your coins on that exchange is more secure than self-custodying.
But what triggered me to make this thread is this guy who insisted that people who receive sudden KYC/AML requests know what they did wrong, and that since it's supposed to be a Tip-Off (i.e. if your money gets frozen by exchanges or banks then that's your problem and nobody else's.)
This sounds ridiculous, so I took a screenshot of the interation with names redacted.
It's not hard to find the thread if you're interested.
Do not leave your coins on exchanges if you don't need to trade. I don't care how many bitcoins are in their multisig. *Your* setup is multiple times more secure than an industrial-grade setup whose website accounts are targetted by thousands of the smartest hackers on the internet.
But what triggered me to make this thread is this guy who insisted that people who receive sudden KYC/AML requests know what they did wrong, and that since it's supposed to be a Tip-Off (i.e. if your money gets frozen by exchanges or banks then that's your problem and nobody else's.)
This sounds ridiculous, so I took a screenshot of the interation with names redacted.
It's not hard to find the thread if you're interested.
Do not leave your coins on exchanges if you don't need to trade. I don't care how many bitcoins are in their multisig. *Your* setup is multiple times more secure than an industrial-grade setup whose website accounts are targetted by thousands of the smartest hackers on the internet.