4 ms·
If you are holding significant Bitcoin over a long period I don't think it's recommended to have it sitting in an exchange wallet. Most of the top tier exchange
by mianos 6y ago
If you are holding significant Bitcoin over a long period I don't think it's recommended to have it sitting in an exchange wallet. Most of the top tier exchanges have very good security these days but there is an extra risk as opposed to holding it on a paper or hardware wallet.
- ur-whale 6y ago> If you are holding significant Bitcoin over a long period I don't think it's recommended to have it sitting in an exchange wallet You are correct (not your keys, not your bitcoins), but the vast majority of Bitcoin purchasers these days are physically incapable of doing anything else given how complicated it is to properly manage your own private keys.
- andy_ppp 6y agoYes you could definitely make the argument that holding your own bitcoin wallet is less safe than having it on an exchange for 99% of users. I'd even count myself in that group.