• Home
  • Explore

Most of us are trading cryptocurrencies and we either hold them on exchanges for convenience or transfer them to a local or hardware wallet. But from these posibilities a question comes to mind...

Do I own my cryptocurrency tokens if I use exchange platforms to store them?

Posted Using LeoFinance


forexbrokr25 days ago

The short answer to this question, is no.

The only way that you can truly be in control of your crypto, is to remain in control of your private keys.

If your coins are held on an exchange, then you forego this control and are essentially trusting a third party with your assets.

Remember the Mt. Gox fiasco? Or more recently the Steem drama with Justin Sun and Binance?

There's a saying that crypto investors have for this:

> "Not your keys, not your crypto."

Enjoying Quello?

Please consider voting for our proposal to aid our growth and development.

What's new?

Keep up to date with the latest changes from Quello by following our blog on Hive.