If there was only one lesson to learn from the downfall of crypto exchange FTX, it would be to never keep more crypto on exchange wallets than necessary. For the sake of buying and trading, one can hardly navigate around a CEX, but crypto savings should never be stored in exchange wallets.
Although one can easily get another impression due to easy log-in and handling those big exchanges offer, the funds kept in an exchange wallet are not truly yours as the exchange has custody over the coins.
Although one can easily get another impression due to easy log-in and handling those big exchanges offer, the funds kept in an exchange wallet are not truly yours as the exchange has custody over the coins.
