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RE: Lesson relearnt: Not your keys...

in Project HOPE4 years ago

Hello @bengy
This is a good post, I have been thinking about this approach you take of having our cryptographic assets in a centralized exchange. As "secure" as they seem to be, at some point they could fail. They make the processes easier, of course they do, especially for those who are not clear about the process of buying, selling, storing, however, I am a bit worried about it.

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Yes, they are convenient... but they are a point of failure as you only hold an IOU from them and not the actual asset. I've gotten lazy, but it is time to readjust what I keep on CEXs now!

Definitely recommend that you find yourself a reliable hardware wallet for long term storage!