Is it safer to keep coins in an exchange or in a wallet?

Is it safer to keep coins in an exchange or in a wallet? This has always been a question of great concern.

From the perspective of the exchange, keeping coins in an exchange is like depositing money in a bank. In the wallet of the exchange, transactions are convenient and fast, and buying and selling operations can be carried out at any time. However, there are many risks in the exchange. Take FTX as an example. Once the exchange goes bankrupt, the coins will face losses. The exchange may not be able to guarantee the security of users' assets due to poor internal management, technical loopholes, broken capital chain and other problems.

Looking at the wallet again, whether it is a cold wallet or a hot wallet, the assets are placed in the blockchain network. Through mnemonics, users can control their own virtual currency. In this way, users have more direct control over the coins, avoiding the risks that may be brought by the exchange. But the wallet is not foolproof. Improper password management, network security threats, etc. may lead to wallet theft.

So is it safer to keep coins in an exchange or in a wallet? This requires comprehensive consideration of multiple factors. The advantages of the exchange are convenient operation and strong market liquidity; while the wallet pays more attention to the autonomy and security of the user.

For ordinary users, choosing an exchange or a wallet requires caution. If you choose an exchange, you should choose a reputable, safe and reliable exchange, such as Binance, and pay attention to its dynamics. If you choose a wallet, you should strengthen password management to ensure the security of the mnemonic. Try to choose an exchange. Now all major exchanges are regulated. Even if they explode, they will pay compensation. Don't choose a fake exchange. #加密市场反弹 #比特币哈希率创新高 #比特币诞生16周年 $SHIB $DOGE $PEPE