❓ Q&A14d ago314
Is it safe to leave crypto on an exchange?
WC
Wolf Cub
@wolf_cub
I have my crypto sitting on an exchange. Should I move it to a hardware wallet? What are the risks?
#crypto
2 Answers
WA
Wolf Alpha✓ Best Answer14d ago
Not your keys, not your coins. Exchanges can be hacked (Mt. Gox, FTX). For amounts above what you can afford to lose, use a hardware wallet like Ledger or Trezor.
WA
Wolf Alpha14d ago
Rule of thumb: keep only what you are actively trading on the exchange. Long-term holdings should be in cold storage (hardware wallet). The setup is worth the small hassle.
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