Have you removed all funds from crypto exchanges?

[bgallotte]

I keep my funds on hardware wallet (Ledger) as well as software wallet (my preference is SafePal) - safepal has become my wallet of choice after a long time using Trust. Their cross chain swap dex and through MEXC / Binance Dapps are great and make life much easier.

When I want to use cash i just move funds quickly to one of my crypto cards and voila. Usually money is available within a couple of minutes so the need to keep tokens on a CEX these days are almost zero. Unless of course one is trading!

 

[Outc@st]

We all know what happened to FTX recently. It is hard to trust any crypto exchange after this point. My question is that will you trust any exchange to keep coins there? What if they announce bankruptcy and pause withdrawals?

I keep my coins in my own wallets...

 

[ThunderBlogger]

I keep all of my crypto in Exodus wallet, I use exchanges like Binance only to convert one crypto to another.

 

[cz_binance]

I moved all my assets to Binance. I think if something happens to binance, there will be no crypto lmao

Yes that's a good move
Your money is safe with binance

 

[belleXmedia]

We all know what happened to FTX recently. It is hard to trust any crypto exchange after this point. My question is that will you trust any exchange to keep coins there? What if they announce bankruptcy and pause withdrawals?

I keep all on cold storage long time ago. Ledger fan here. Not your keys not your coins.
Pro-tip: Why let someone else keep your funds, when you can do the same? Educate yourself.

 

[bgallotte]

I keep all on cold storage long time ago. Ledger fan here. Not your keys not your coins.
Pro-tip: Why let someone else keep your funds, when you can do the same? Educate yourself.

Agree with your pro tip... however the masses can't be bother to learn the basics and get educated around the subject, so they end up making silly mistakes like sending tokens to wrong address / wrong chain / not keeping the seeds properly etc

 

[bgallotte]

The massively rich petrol kings of Saudi Arabia are starting into crypto, check it out: HERE

OH I guess now the crypto world is saved! How could it survive without the petrol kings do Saudi Arabia? Last time I checked spamming links wasn't allowed

 

[PinguSpy]

Yes, so that I can sleep at night in peace.
Nothing is guaranteed in crypto.

Just like I thought there’s no way celcius or blockfi gonna goes bankrupt, and yet it does.

The risk remains on Binance, despite they are too big to fall.

 

[bgallotte]

Yes, so that I can sleep at night in peace.
Nothing is guaranteed in crypto.

Just like I thought there’s no way celcius or blockfi gonna goes bankrupt, and yet it does.

The risk remains on Binance, despite they are too big to fall.

Don't fool yourself. There is no such a thing as too big to fail in crypto.... Specially because their user base is very spread across the globe so there is no single government willing to save them if they are to get to failing point. Usually companies when companies are "too big too fail" it is because an specific country is too dependent on them meaning their failure would affect the whole local economy as examples are UK banks saved in 2008, USA saved its largest mortgage company, multiple Airlines around the world (necessary for transportation) and even Germany hinted at potentially saving Deutsche Bank and etc. This is not the case with Binance, specially as it is not regulated in any country with power to bail it out (Binance US being the exeption - but it is not that large anyways)

 

[Elvlin]

In the first place why you put your token there if you not trading or cashing out??
people is weird crypto great cause decentralized no need third party.
people put their coin on centralized institute basicly third party.
why ? just why? it's common knowledge not put your $$$ on stranger right?not to mention with no regulation.

 

[goldagovidis]

Why would you keep your crypto assets in an exchange in the first place ??? Unless you are a day trader. It's like keeping your money in an unregulated bank Always keep your crypto in your personal wallet. Or even better, buy a Ledger Nano S... it's like $70-80 and you will never have to worry about someone steeling your goodies

 

[belleXmedia]

Agree with your pro tip... however the masses can't be bother to learn the basics and get educated around the subject, so they end up making silly mistakes like sending tokens to wrong address / wrong chain / not keeping the seeds properly etc

It's easy like 2 x 2. Just download Trust wallet / metamask / exodus and ready to go.
5 min tutorial is easier than passing all CEX kyc and stuff

 

[CCBO]

I am keeping my funds in Binance and coinbase. Soon I will be moving my funds from coinbase to Binance as well.
Binance is King !
They are here to RULE

 

[Don Goldstein]

Stay away from binance. IMHO kraken is the most trustworthy exchange.

 

[Ecombandit]

Just transferred all my tether on kucoin to my hardware wallet. Been procrastinating for weeks now, finally did it.

 

[N1ckG2]

I moved almost everything. Let's say I moved 98% of my funds to wallets

Sam's here. Left 10% for daily trading

 

[onlinemarketer12]

Yup

I trust Binance
I Love Binance

Binance is best, they have posted their crypto reserves and thus we can trust them.

 

[awesomewebsites]

I moved all my assets to Binance. I think if something happens to binance, there will be no crypto lmao

You are right. I also keep funds on binance for paying for services frequently.

 

[deznat]

Yes only leave on exchanges what you are willing to lose. I keep a bit spread around due to trading. but keep the bulk in offline wallets.