SejongWisdom
Fri Jul 19 2024
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5 answers
1450
Should you leave tokens on an exchange?
When considering whether to leave your cryptocurrency tokens on an exchange, it's crucial to weigh the pros and cons carefully. On the one hand, exchanges offer convenience, allowing you to quickly trade and access your funds. However, leaving tokens on an exchange also involves risks. Hacks and security breaches are not uncommon, potentially exposing your holdings to theft. Additionally, the exchange may not fully support your preferred tokens, limiting your ability to trade or withdraw. What's your opinion on this? Is it safer to keep tokens in a personal wallet, or are the benefits of leaving them on an exchange worth the potential risks?
