@CryptoSorted 5 November 2021 more from that month

The 3 major risks of holding your crypto assets on an exchange. You have heard that "not your keys not your coins" and you're always advised to not HODL your coins on an exchange. But what really are the risks involved in holding your crypto assets on an exchange? Here are the top 3: 1. If the exchange gets hacked you'll lose your money. Though, some exchange now have some form of insurance fund for this eventuality. But there's nothing like being responsible for your own safety. 2. The founders of the exchange can decide to run away with everyone's funds. And usually there would be no way to recover your money from them. 3. With exchanges KYC, you lose anonymity and our most cherished privacy, decentralization, and all that crypto ninjas thingy. If you have no problem with all of these, then it's ok to keep your assets on an exchange. #cryptocurrency #crypto #exchanges #exchange