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Quote from: Hypnosis00 on June 10, 2023, 06:29:32 AM

I understand why some people are preferred to keep their Bitcoins in an exchange wallet and that is for trading, not for holding. But these people know what will happen when an exchange got scammed or whatever, yet they still do it despite the risk because of their trust. It could be a manipulating power that most exchanges injected into the mind of the holders. We know it was wrong but can't change their stances as well as it was their choice. They will change their minds when experiencing losses of their funds from exchanges.

There are very few people that keep their coin on exchange for trading, most of the newbie keep their coins on exchange for holding and some old users also do this. We have many people staking their coins on exchanges which is why exchange have so many coins in their wallets. For traders, using exchange to store their trading capital, they already know that they're risking their coins.

But for individuals thinking exchange are the best place to hold their coins, they're the individual this post is focused on because they would regret choosing exchange over personal wallets when the exchange disappears with their coins or collapse due to hacks.

You are 100% correct, buddy. Saving or storing coins in exchanges is acceptable particularly in highly regarded and safe exchanges like Binance and Coinbase. I maintain my money in exchanges for a number of reasons.

I have to engage in active trading across various coin pairs.
On occasion I must purchase a coin quickly and send it from my savings wallet to the exchange which could take some time.
Recently, there have been problems with withdrawal fees especially with Bitcoin.

I believe that comparable problems are experienced by other traders which is why they retain their money on exchanges and reserve their savings accounts for long term investments. Additionally, I transferred all of my cash from the exchange owing to the recent FUD (Fear, Uncertainty, and Doubt) surrounding Coinbase and Binance.

There are actually some pros when it comes on using up an exchange on which it would really be just that normal that you should really seeing this to be beneficial or something that would really be comfortable
instead on making up some active withdrawal and deposit specially if you are a trader on which pulling it off on exchangers from time to time would really be that spending up for some fees but if you are some sort of whale then it would really be problem if you are really just that paranoid with safety on which i could say that it is really that a must thing to be done in the place. Some could really be able to deal up with the hassle
but there are some who couldnt and this is why despite of the risks they would simply just park their coins and even if they are wary about the risks, they dont really just care at all. This is why you should really be
that mindful about the risks on storing up your coins on exchangers. There's no such thing about 100% safe when we do deposit our coins into those centralized exchange. We dont possess those wallet
keys on which on the time that there's something happened then thats a huge trouble or problem into our coins.

This are the small value of market sentiment and you have used your savings when you want if u like and your bitcoin you have a mine other choice and market is not stranded that all are know and like happen some times and this are not surprise in that and have should be a long investment scheme and every bear market and have a bull market due to wait for long time is will be continue .

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