If you are keeping your Bitcoin on any exchange then you do not own any Bitcoin. What you do own is third party risk or counter party risk, you are allowing an exchange to hold your value for an IOU. If you’re old enough you learned from Mt. Gox, if you’re young enough you should have learned from FTX. Exchanges can go bust, rug you completely, force you to sell at any price or time, or be fully co-opted by a government or state entity. Your funds can be frozen or your account locked for any reason they want to make up. A primary attribute of Bitcoin is that it obsoletes third party risk and allows you to store and transfer your own value without permission. Take advantage of this and get your bitcoin off exchanges! Not your keys, not your coins. via /r/Bitcoin https://bit.ly/49iwkpT
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