.
whenever am investing, my target is always for long term, so when am holding I do make use of a non custodial wallet, and I don’t use the wallet for any other thing. If am trading, I do make use of exchange, and immediately I know I won’t be trading for some time, I don’t always leave my money on exchange, I do make withdrawal immediately because I know my money is not safe on exchange. Also if am participating in all this airdrops, I do always have a separate wallet for that, because I know the risk involved in participating in airdrops, so I do make use of separate wallet for that.
You sound distracted. Airdrops. Who needs that?
I do agree with the idea of figuring out how to hold bitcoin privately (if you might be thinking that bitcoin might be relevant to discuss). You did not even mention bitcoin in your post... yet anyhow an open source wallet is not bad to get to know,
even though some guys might get started buying on an exchange first, and they might not know about wallets in the vary beginning, so they likely will have to learn about various wallets and perhaps make a choice in regards to which wallet to use.. .. regarding the various shitcoins.. that sounds distracting and perhaps better to discuss shitcoins in some other thread... even though there are some wallets that are bitcoin only and there are some other wallets that also include shitcoins, even though wallets might have more vulnerabilities if they are used for shitcoins, too.. .depending on which shitcoins..
Yea, you are actually right here and I am a typical example of the illustration you gave here because when I first started, I was using binance exchange to be buying Bitcoin and some other alt coin like Solana and bnb, along the line i started hearing of how dangerous it was to store my asset in an exchange, so I transferred all my asset including the Bitcoin I was holding to trust wallet which was not a self custodian wallet, but everything changed completely when I registered in this forum, because I started seeing things differently due to the level of knowledge shared here.
So I took the first step by swapping all my crypto to Bitcoin and transfer everything to electrum which is a self custodian wallet which am using till date, so why am saying all this is that most times, ignorance is the sole cause of leaving your asset in an exchange, investing in alt and meme coin, saving your Bitcoin in a wallet like trust wallet that is very risky and expose to hacking. So having the right knowledge as a beginner is the best possible thing a Bitcoin investor will ever have in this digital space because ignorance will cost you more than you can ever imagined .