How to keep your crypto holdings safe on exchanges
When MtGox, one of the earliest Bitcoin exchanges, was hacked, it became clear that keeping crypto on exchanges comes at a risk. Many crypto purists advise against holding any funds on exchanges, stating that if you don’t have access to the keys, then the money isn’t yours to begin with.
However, crypto exchanges have evolved and improved their reputation since then. Decentralized exchanges (DEXs) allow users to maintain control over their keys, while centralized exchanges offer unparalleled convenience, liquidity, and robust security.