If we are not going to use the exchange, that makes no sense of keeping our money in them.
So, choose to keep it to ourselves with non custodial wallets. It helps us avoid the risk of having our funds involved in a potential hack.
We become our own bank and despite that we've been hearing that, others should start to realize the beauty of it.
If we see some people saying that they are holding a large amount of Bitcoin on an exchange, Im always surprised. Why are they holding their Bitcoin on an exchange when they are aware of what is happening to exchanges as they continue to collapse?For some people, I think its a lack of knowledge about privacy. Some people dont even know the difference between a custodial wallet and a non-custodial wallet, so they just feel that keeping their Bitcoin on an exchange is safe.But anyone who has knowledge about privacy will likely try to move their coins off an exchange, unless they want to make use of the exchange for a specific purpose.
If they trade there very often, that's okay and easy to understand.
But if their sole purpose is to use the exchange as their personal wallet, maybe they don't even know it yet the risk that it has got.
Once these exchanges gets hack and collapses, that's when they will realize the risk of it.
