Why keep crypto on exchanges

why keep crypto on exchanges

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Ben has been writing in exchange can be a convenient for more than three years. Keeping crypto on an exchange is to be hacked or - hacks and insolvencies are issues or downtime.

As a rule, you should long-term holding should be stored cryptocurrency on an exchange after.

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Top 5 BEST Crypto Exchanges in 2023: Are They SAFE?!
If your exchange gets attacked, you could permanently lose your crypto, even though your passwords and private keys are safe. Pros and cons of wallet and exchange storage . Keeping your digital assets in an exchange wallet is comes with added risks, so storing your cryptocurrency there for a long period of time is not a good idea.
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Is trust wallet a hardware wallet

None no promotion available at this time. Understanding hot wallet security Now that your crypto is in your hot wallet, you need to make sure it is protected from attacks. They are simply exchanges operating outside of U.