A friend who just started using crypto asked me if it's ok to have his Bitcoin and USDT on Binance or other exchanges for a long time. He was worried about safety, government issues, and whether it's better to move his crypto to a personal wallet.
Honestly, I didn't have a clear answer for him, so I thought to ask here.
Do you leave your crypto on exchanges or do you move it immediately?
What risks should people in Nigeria consider when deciding?
Is there any safety to use for exchanges or wallets?
I believe, your advice will not just help him but others here too who may have the same question.
My brother, leaving your hard earned money or assets in an exchange is like leaving your valuables in an open space which automatically anything can happen to it without no body to be heard responsible . However, Make sure you transfer your funds to your non custodial wallet to have your peace of mind and to avoid story that touch.