Comment by voidspark
7 months 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.
7 months 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.
That problem is trivially solved by backups.
Backups don't solve seed phrase phishing for example.
5 replies →
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