Remember when MtGox warned everyone to withdraw their crypto before they permanently stopped all withdrawals?

“Me neither.”That was a tweet by Bitfinexed, which last night I took to heart and went ahead and emptied out all my exchange accounts.It’s liberating. The feeling of sending crypto from one wallet to another, no middle man involved. Having full control of my own funds, and the ability to transfer that without anybody saying I can in a trustless manner; that’s value right there, imho.It took a while, but luckily Ledger has come a long way since 2017, and can store a variety of cryptos nowadays.Just a friendly reminder to y’all (because no exchange ever will) to make sure you hold your own keys to those precious coins you own. Especially in murky uncertain times like these, when the biggest exchanges which we think are safe and are so large that nothing can happen to them; the world is reminding us to proceed with caution.Protip: Transfer to Coinbase Pro first, then withdraw from there to your external wallet, Coinbase Pro pays the miners fees for youWithdraw your crypto, you’ll be glad you did.

Submitted May 01, 2019 at 03:28AM

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