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RE: Why people will keep their Bitcoins on the exchanges.

in #bitcoin7 years ago

Your right for small amounts but i think serious investors will still look for more security.

Maybe this means licensed exchanges with governance best practice and transparent audits or wallets such as exodus where you have control. I think both will be important.

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I expect that at some point the exchange will get licenses and will need to be audited like banks. Maybe there will even be deposit insurance at some point.

Xapo have some form of deposit insurance already. I don't know how extensive it is.