Not Your Keys, Not Your Crypto
Cryptocurrencies like Bitcoin and Ethereum have gained a lot of attention over the past few years. However, investing in cryptocurrencies comes with a unique set of risks. One of the biggest risks is that you could lose your investment if the cryptocurrency exchange it’s stored on goes bankrupt, like we recently saw with Sam Bankman-Fried and FTX. This is because exchanges are not regulated like banks, and they do not have the same safeguards in place to protect customer funds. As a result, if an exchange goes bankrupt, its customers could lose everything. If you’re thinking about investing in cryptocurrencies, it’s important to be aware of these risks and take steps to protect yourself. The Crypto You “Own” Might Not Actually Be Yours If you own cryptocurrency, there’s a good chance that it’s not really in your possession. That’s because many people store their digital tokens on exchanges. However, exchanges are not for storage either hot or cold. In other words, if you want to keep