NmasinachiW:



Welcome aboard Ada.
Well, It depends on how you view it. You are neither right nor wrong.
Me personally, I kinda spread my coins.
As the part-time trader that I am, I have a substantial amount of coin in binance I trade margin with (riskier than spot). I also have a larger amount of coin stalked in Luno SA for long term play and finally, I have some amount of coin invested in cryptovesteasy . com . Their monthly ROI help me hedge against losses accrued on unprofitable months and in bear markets (for coins I'm holding ) . I know a few people who make use of hardware wallet, this is like a USB drive that stores a user's private keys securely and safe from hackers. But if lost, stolen, broken or corrupted, or in a way you forget your password, All your coin is gone. Now make your choice.

MODIFIED :
Please and abeg if you pick interest in anything aforementioned above, please make use of my referral link in my signature because even dangote still dey find money. dankie

Miyachi:


The truth is you can't trust any exchange, many have exit-scammed and folded. They have a bright red mark on them - just imagine a bank you can steal from and not get caught. Always have it at the back of your mind that "your" coins aren't truly yours.

If you're in for a long haul, create a paper wallet, buy a hardware wallet or use Coinomi on your mobile device. You control your private key and no one can run away with your money.

bigx:


Paper Wallet is mine.

I dont have my crypto on any wallet on my phone (apart from Trading apps).

If I need it I download Electrum, Edge or any other Wallet then import the private key/seed phrase, do what I want then delete the app again.

I can always see my balance and transactions from Blockchain explorer with my Wallet address if I need to.

MrCodeSolo:
CZ, binance CEO go pay, bcuz he is bigger than the Nigerian CBN...lol
no fear for binance wallet security.
Your coinbags are CZ insured. Ordinary okex Exchange wey dem get security breach two weeks ago, ppl no still kon see dia money? Dia moni even multiply self as a result, Dem ma gallant and are out for serious business

PeaceIlya:
Welcome Ada, it true, but with the little time with CryptoCurrency, no strategy is one size fit all, the most important, is the strategy making you money?

bigx:


I keep most of my crypto in a Wallet where I have the private key/ seed phrase, then printed out the private keys and kept with my passport.

Exchanges are the weakest link in this thing I only keep what I want to play with there.