Comment by voidspark
15 hours ago
Yes that's true, but no need to hold your crypto there as a permanent storage. Once your fiat is exchanged to crypto, immediately transfer the crypto to your private wallet.
15 hours ago
Yes that's true, but no need to hold your crypto there as a permanent storage. Once your fiat is exchanged to crypto, immediately transfer the crypto to your private wallet.
This just trades the unsolved exchange hacking problem for the unsolved lost/stolen keys problem.
Theft or loss has always been a problem since life evolved on Earth.
I don't think anyone claimed that crypto was un-losable or un-stealable. It's not magic.
https://cryptosteel.com
That problem is trivially solved by backups.
Backups don't solve seed phrase phishing for example.
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