Not your keys, not your crypto

The problem is rather trusting fly by night businesses with questionable ethics...not the concept of using Exchanges and Wallets as a whole...much like any other industry it's not exclusive to crypto.

I consider it far more risky to look after your own keys and know way more people who have ****ed that up than I do people who lost money using decent Exchanges to hold their crypto.

Also if the Exchange goes down you have some recourse in most cases...if you lose your keys...well that's the end of that.
 
SauRoNZA said:
I consider it far more risky to look after your own keys and know way more people who have ****ed that up than I do people who lost money using decent Exchanges to hold their crypto.
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These dum-dums who fall for 'DHL pay for your parcel' scams are absolutely going to screw up sending crypto to private wallets, backing up keys etc. I also cba to keep everything on a wallet - I've got quite a bit sitting on Binance in open trades.
 
saor said:
These dum-dums who fall for 'DHL pay for your parcel' scams are absolutely going to screw up sending crypto to private wallets, backing up keys etc. I also cba to keep everything on a wallet - I've got quite a bit sitting on Binance in open trades.
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100%, like I said far more sad stories from people trying to do it themselves than anyone actually getting folded by a legitimate exchange.

Whole other story people falling for the MTI type bullshit, but that's exactly the type of person who would **** up their own keys.

I have all my crypto sitting on an Exchange, except for a little bit in an ETF, wouldn't do it any other way. All these people getting burned fell for the typical zero due diligence or get rich quick schemes.
 
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