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Additionally, if you take your coin's security seriously, you won't have to worry about an exchange being hacked or not. This is because the security of your coin is very important, and people need to know that no one will do this for you. Even if you want to transfer coins, the chain needs to be thoroughly inspected. If you take your security seriously, you'll be able to handle the situation well because purchasing is the least of your problems.
It has reached the point where we need people to realize that they must take responsibility for their assets as soon as they purchase them. I am confident that people should try to follow the examples of people who have been scammed because they were too careless with how they kept their coins, and people who are managing them well, but people are overdoing it. I hope a lot of people get oriented before they start.
You get the point bro cause you won't even see any need to save your coins in an exchange but a more secured open source noncustodial wallet, exchanges don't offer self custody so they're never a good recommendation for storage, people who should leave their coins in exchanges are traders who use them for their trading activities and not long term holders.
Self custody requires validation before trusting and using wallet that guarantees full control, no third-party, or exposed to hackers, exchanges or wallets that can be penetrated by bugs are out of the picture. The recent hack is an eye opener and people would now see reasons why extra attention should be given to the security of their digital asset.
