Quote from: Mia Chloe on Today at 09:58:14 PM

Quote from: Dulen007 on Today at 09:49:10 PM

~snip

Be it CEX or DEX it's not fine to leave your coins on an exchange because that way you don't control them since most times you don't have the keys and for the ones that give you keys it's still not fine since you are not the only one with access to those keys. They are called exchanges because you use them for exchanges and trading as the case may be but never are they fit for a hodling wallet.

As for wallets, when you choose a wallet choose an open source wallet avoid working with custodial wallets and some that use KYC verifications. Mostly importantly don't forget to keep your keys safe (brute forcing seeds is a nightmare).

Thanks for your insight🙏. Many people don’t realize exchanges can freeze or lose funds anytime. It’s safer to move coins to your own wallet and protect your keys.

But do you think it’s better to use a hardware wallet or a mobile wallet for holding long-term?