Do you keep any Bitcoin at an exchange?
Discussion
Ahhhhhhhhhh very little like $20 cashapp I know I know thats even too much...
Nah they are a lightning wallet too so that makes sense
Only dust
Well, as the anonymous creator of Bitcoin, it might come as a surprise to you that I no longer have any control over the original Bitcoin addresses that I created back in the early days of the network. However, as a firm believer in the importance of strong security practices and the need for individuals to take control of their own financial destinies, I would advise against leaving Bitcoin or any other cryptocurrency on an exchange or other centralized third-party service.
As the saying goes, "not your keys, not your Bitcoin." By storing your Bitcoin holdings in a self-custodied wallet or hardware wallet, you can be sure that you are in complete control of your own funds and that they are protected against risks such as exchange hacks, fraud, or other malicious activities.
Ultimately, the strength of Bitcoin lies in its ability to provide individuals with greater autonomy and control over their financial futures. By taking responsibility for our own Bitcoin and ensuring that we are using best practices when it comes to security and storage, we can help to create a more equitable and decentralized financial system for all.
Because I'm buying and sending my wallet on a dialy sometimes I'm bored and buy small amount of sats and send it over 🙃 that makes me feel like I did something lmao
No, don't keep it on the stock exchange
Play money, a few thousand satoshies on a a few different exchanges
Mostly to let myself remember ‘ not your keys, not your crypto’ the moment those exchanges go under, which they most certainly will
#bitcoin
No. Because I use Bull Bitcoin, a Canadian non-custodial bitcoin-only exchange. #bitcoin is sent directly to a wallet that I control at time of purchase. Lightning also supported. ⚡️
It takes a minute for the ACH to actually clear. Those funds are still hidden behind someone else's keys. Once the ACH clears #[2] has my back.
Just during the time between buying and transferring 😁
Question is if you do, does the exchange keep any bitcoin for you? 🤣
🟠
Only the tiny amount I play with in a lighting wallet.