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How do bitcoin exchanges work?

Exchanges keep their Bitcoin in a wallet or set of wallets where they possess the private keys and store safely. If they transferred small amounts to your exchange wallets every time you buy and sell within the ecosystem, they would lose a lot of money from the transaction fees.

How to store bitcoin keys safely?

Because of those who would rather steal from others than earn a living, it is necessary to store your bitcoin keys as safely as possible. Cold storage methods are the safest way to store your keys, but at some point, you will have to connect your storage device or enter your keys to use your bitcoin.

How do I store my Bitcoin?

You can even purchase a titanium stamping kit to preserve and secure your seed phrase in your safe. When you decide it's time to use your bitcoin, the best way to do so is to transfer only the amount you want to use from cold storage to your hot wallet. Once you're done, move any remaining bitcoin back into cold storage.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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