Quote:
Originally Posted by donk.
5. Exchanges shut down when the owners "die" and millions are lost
6. Once you lose your keys on many exchanges, GG
6.1 Many exchanges, once you break your phone, and the 2FA can only be verified by the original phone, your entire account is gone.
7. 0 security, its the wild wild west for getting your coins stolen
8. Transfers sometimes take up to several days to process
9. The majority of coins, are shitcoins, just like the stonk market, theres way more people losing money, than making it
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get a hard wallet.....people need to learn this.
i've been very lax in getting mine set up but atleast i have one. just need to move everything over
plus with options line wealthsimple you can now buy at alot of the coins most people will have heard of. pretty safe bet i would have to think buying and storing on there (WS won't let you move your coins it seems, that's why i only put in a $1000 then i realized this)