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Last scraped
Scraped on 24/07/2025, 14:20:43 UTC
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When you keep funds for exchange, you no dey in custodycontrol of the funds, nah the exchange hands e dey in control. So to answer your question, e no dey safe to keep funds for exchange because you go fit lose your funds if the exchange go bankrupt, get hacked or the government shut am down. Instead use a non-custodial wallet to keep your funds safe and only move your funds to exchange when you wan trade.
Original archived Re: Is It Safe To Keep Crypto On Exchanges??
Scraped on 24/07/2025, 14:16:14 UTC
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When you keep funds for exchange, you no dey in custody of the funds nah the exchange dey in control. So to answer your question, e no dey safe to keep funds for exchange because you go fit lose your funds if the exchange go bankrupt, get hacked or the government shut am down. Instead use a non-custodial wallet to keep your funds safe and only move your funds to exchange when you wan trade.