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).

I think the best possible solution is utilizing a hardware wallet or a personal wallet as they can be used for long term. Exchanges have access to your keys and your account can be restricted at any point in time depending on the inflow and outflow which can be unsafe and discomforting.