Earlier this year I learned another very valuable lesson that cost me over $10,000 CAD due to my inexperience with CryptoWallets and now I will try to make sure you don't make the same mistake.
I will show you in a few screen captures what had happened to one of my coins and why I could not cash out. First of all I had over 60,000 coins that I bought for maybe $25 CAD and what everyone what happened next was the most Glorious And Tragic time in my short crypto journey.
AND THEN WOW :)
$0.16409/$0.000598 = 274 times increased value
Time to cash in right but not for me :(
And it stayed there for over 8 hrs
THEN FELL AND HARD
NOW THE LESSON
DON'T LEAVE COINS IN EXCHANGE WALLET THEY CAN GO INTO MAINTENANCE MODE AND YOU HAVE NO ACCESS WHEN MARKET CHANGES AND YOU WANT TO CASH OUT.
and still today the message reads
Notice: Deposits and withdrawals are temporarily offline. Currency Maintenance.
So please don't get caught up like I did.
I believe I would have been able to cash out if I had my coins in my wallet and not on the exchange.
