Beware of Storing Your Cryptocurrency on Exchanges

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Most of us in the Blockchain world have heard about some of the largest thefts of Bitcoin, ranging from the recent Twitter hack- earning the thieves $110,000 US dollars worth of stolen Bitcoin, the hack of BINANCE one of the world's largest exchanges in May of 2019 netting a quick $40 million US dollars, the hack of Cryptopia in January and again 15 days later, causing The exchange to be forced to liquidate their assets in order to pay customers for their stolen ETH. Therefore anyone who is keeping their money on COINBASE should really transfer the money into a secure offline wallet until they plan to trade their digital assets.

 

 

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