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Take your Bitcoin off the exchanges

Bitcoin Reddit

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This is very important.

There are hundreds of million of people who own Bitcoin, but there are only 53 million wallets.

Link to site showing number of wallets: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Given that exchanges and whales each have dozens/hundreds of wallets, it's likely that only 25 million unique people have Bitcoin wallets.

  1. Not your keys, not your coins
  2. When holding your coins on exchanges, you assume massive counterparty risk
  3. Exchanges use the coins to lend/borrow as needed, allowing rehyothecation (which is bad for the price of Bitcoin).

Take 10 minutes to get a free soft wallet (Exodus, Coinomi, etc.) or hard wallet (Trezor, Ledger, etc) and MOVE YOUR BITCOINS OFF EXCHANGES.

submitted by /u/FreedomIsNotFree777
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