Don't leave your crypto on Exchanges if you can help it

in #bitcoin2 years ago

The Balance of Bitcoin on Exchanges is nose diving

The entire ethos of crypto is self custody.

The ability to take ownership of your asset.

There aren't many things in this world that you can truly take ownership of...

They can take your money in the bank, they can take your house, your car, they can take just about everything you "own", but they can't take your crypto being self custodied, and that's the point.

For those new to the space you may be learning this the heard way.

Don't leave your crypto on an Exchange if you can help it...

People are starting to realize that the Exchange technically owns your crypto if you leave it there and they they are starting to withdraw it in mass...

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(Source: https://twitter.com/rovercrc/status/1603399731157340161/photo/1)

This is a very good thing in the long run.

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