Maybe it is just me but I totally trust exchanges to take care of my crypto. Of course I am speaking of popular and trustworthy exchanges. Leaving your crypto on an exchange nobody has ever heard of is of course a dumb idea.But do you want to tell me that your crypto is not safe on Coinbase, Kraken, Gemini, Crypto.com or Voyager? It is 2021 and not 2014 and these exchanges can not be compared to Mt Gox.Also sometimes people get this whole "not your keys, not your crypto" thing too seriously. Some hours ago someone complained that he lost around 1/4 of his ETH to move it to a cold wallet. Well, high gas fees are another topic but you definitely shouldn't move your crypto to a wallet if you have to lose 1/4 of it to do that. Just leave that 0.05 ETH on the exchange. Nothing will happen to it.Not to mention that it is more likely for you to lose your piece of paper with your seed phrase than an exchange like Kraken or Coinbase to get hacked.
Submitted September 04, 2021 at 04:52AM
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