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Should I be worried about having my cryptocurrency assets on an exchange?

• raverbashing 9y ago
  Yes Unless your local security is worse than that of an exchange
  • herman5 9y ago
    Echoing this - for long term storage, they should be kept on a hardware wallet.
    • joosters 9y ago
      For long term storage, that sounds a terrible idea. Do you really want to trust your savings to $20 of electronic components that aren't designed to last more than a few years?
      • Kiro 9y ago
        You should save the seed words somewhere as backup.
      • fokinsean 9y ago
        The wallets can be regenerated using your seed phrase. So your argument should really be, "Do you really want to trust a $0.02 piece of paper" :)
        • joosters 9y ago
          Exactly. The hardware wallet is pointless.
• odonnellryan 9y ago
  Yes. Ideally, only money you should have on the exchange is stuff that you are moving around often. If you're trading you don't have a choice, but if you're just holding why not use a wallet you setup?
• arianvanp 9y ago
  Yes. Put them in a offline wallet. Anything that is not on your machine is not yours.
• shepardrtc 9y ago
  Get a hardware wallet. I like my Nano Ledger S, but there are others.