Keeping coins on an exchange can be convenient, but it also means trusting a third party. Learn the main risks before deciding where to hold long-term funds.
When you hold crypto on an exchange, the exchange usually controls the private keys. You have an account balance, but you depend on the platform to process withdrawals.
This can be convenient for trading, but it is different from self-custody.
Exchange risks can include account hacks, phishing, withdrawal delays, platform insolvency, regulatory restrictions or operational failures.
Not every exchange has the same risk, but the basic custody trade-off remains.
Exchanges can be useful for buying, selling and converting assets. The issue is long-term storage and how much trust you want to place in a third party.
Do not rush. Learn how wallets, addresses, seed phrases and test transactions work before moving large amounts.
Not always. Exchanges can be useful, but long-term storage creates third-party risk.
It means a platform temporarily or permanently prevents users from withdrawing funds.
No. 2FA can reduce account risk, but it does not remove platform custody risk.
This page cannot advise that. Learn the process first and use caution.
No. Self-custody creates personal responsibility and backup risk.