Cryptocurrency investors continue to keep their assets on exchanges. How is this dangerous?
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The main risk here is the availability of an internet connection, as it can and will be used by hackers. In this case, so-called cold wallets that are not connected to the internet are much safer.
Earlier advice on storing digital assets was shared by the creator of Etherium, Vitalik Buterin. His advice centres around the topic of sharing access to an address among multiple people. And according to Vitalik, ideally they should not know each other.
In this way, Buterin again supported projects with a so-called social recovery function. Read more about the topic in a separate article.
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