Thursday, April 25, 2019

PSA: Get your funds out of exchanges!

Just recently found out about the ezbtc controversy, and I sincerely feel remorse for some of you who lost funds, as I've also personally lost significant amounts of funds in a similar way in the past, and it definitely sucks a lot. I still feel the sting up to this day, even though it happened years ago.

MtGox, BitGrail, and just the quite recent QuadriagaCX; at some point in the past, people have trusted these exchanges to safely hold their coins/tokens. Guess what happened? Yep. They got hacked, and some committed fraud. And now, ezbtc.

Don't be another statistic. Please please PLEASE make this a lesson to secure your funds on non-custodial wallets(preferably, a hardware wallet) and stop leaving funds on exchanges as much as possible, besides when you're actively trading. This is the only way for us to have true ownership to our bitcoin. I can't stress this enough.

The Types of Bitcoin & Cryptocurrency Wallets (in-depth guide)



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