Post
Topic
Board Bitcoin Discussion
Re: I'm so tired of this bullshit.
by
Jatiluhung
on 16/07/2025, 08:20:08 UTC
Storing our assets on an exchange means we don't trust ourselves. Storing our Bitcoin on an exchange also indicates we trust the exchange more in terms of security. And I think the only person we can trust most right now is ourselves. Likewise, it's better to hold our Bitcoin assets in our own cold wallets. I don't doubt the security of CEXs, but we know that a CEX can go bankrupt, as several large CEXs have done before. And when that happens and we can't withdraw at all, only then will we realize how foolish we've been. And we can't blame the CEX because storing assets there is our choice. So, personally, I only deposit my assets into a CEX when I'm actually going to trade them. Once I'm finished, I withdraw them the same day. Because you never know what can happen to a CEX. Unfortunately, many beginners entering the crypto space still don't realize the importance of basic insights. "Not Your Key, Not Your Coin."