Comment by voidspark
1 day 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.
1 day 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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