- Moderator
- #76
So, a bit yes and no. It’s not 100% the wild west out there, it just feels like it. If you put your money on an exchange, and you don’t have a seed phrase/wallet with that exchange, you are living wild. If you have a FTX like disaster and it’s not in a real wallet, there’s a reason there’s the phrase “not your keys not your crypto.”
If you have a wallet though, you at least own what’s in there. Any exchange you run it though is essentially like an ATM in that you’re just viewing your balance.
If you have a wallet though, you at least own what’s in there. Any exchange you run it though is essentially like an ATM in that you’re just viewing your balance.