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    Author Topic: Who exactly is a “HODLER” ?  (Read 1078 times)
    Donneski
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    March 07, 2025, 08:30:36 PM
     #61

    Coins left on exchanges you can no longer access are not yours, it's that simple. Setting up a Bitcoin wallet isn't that difficult. If you consider yourself a hodler, then create a wallet and don't rely on any exchanges either it's centralized or decentralized.
    i don’t think it’s about difficulty i would even say that exchanges are a lot more difficult to manage because to make an account usually there is kyc and you have to verify so many things compared to most wallets where you just download it, get your seed phrases and it’s all yours

    i think people just don’t trust some platforms which is why they go for exchanges
    Events of the past have clearly shown that private wallets are unarguably safer than exchanges so for anyone not to trust software wallets but fully supports the use of exchanges simply means that the person doesn't have the right knowledge about wallets. Exchanges are custodial wallets which means that there's a third party that has total control of your digital assets while non-custodial wallets gives you absolute control and privacy to your assets. For Hodlers, private wallets will always be the best instead of using exchanges

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