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I frequently see people recommend moving your bitcoin to a wallet if you purchased on an exchange. What’s wrong with keeping it on Binance if that’s where you purchased?

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Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

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