I have two different hardware wallets, lots of hot wallets I used for defi, and my accounts on CB and other exchanges that are either no longer legal in the US or no longer exist (I didn't lose any money from Voyager/Celsius/etc).
But, the amount of uncertainty of those wallets being safe long term, and the lack of options for easy staking of some of my coins, meant that I felt better with my crypto sitting somewhere that has EVERY interest in being as secure as possible. Especially now that they are part of the ETF process (though that part is ACTUALLY insured and mine isn't).
Is it risky? Sure.
Are they better at cybersecurity than me? Absolutely.
Will I become one of those people with "x thousands of dollars stuck on CoinBase due to y and z and they won't talk to me"? Maybe!
But is it EASY? Yes.
Is it convenient? Yes.
Do I think it's where crypto is heading? I do. Decentralization is important, but consumers like me who are speculating only want ease.
What about you? Do you hold funds on exchanges?
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