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Exactly what is wrong with using a closed-source wallet, a shitcoin-enabled wallet, or an exchange to keep your bitcoin

Bitcoin Reddit

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  1. Verify, don't trust - is your bitcoin wallet completely open source?
  2. Shitcoin enabled wallet? - Shitcoin vulnerabilities might compromise your shitcoin-enabled wallet in ways you don't fully understand
  3. Not your keys, not your coins - if your exchange goes bankrupt you won't get your sats back. Seen how many exchanges and schemes have gone bankrupt lately?
submitted by /u/ebswift
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