Should you leave your crypto on exchange?

Nevertheless, the practice of depositing funds into an exchange's wallet should be approached with caution. While convenience and ease of access might be attractive, it's essential to understand the inherent risks associated with this method of storage.

For individuals holding significant digital assets, the decision of where to store them can be crucial. One option often considered is entrusting them to an exchange's custodial wallet. This approach may seem inconsequential, particularly if the exchange is reputable and trusted by the community.

Exchanges, despite their best efforts, are susceptible to cyber-attacks and security breaches. In the event of such an occurrence, user funds stored in exchange wallets could be compromised, leading to financial losses.

Furthermore, entrusting funds to an exchange's wallet means giving up control over those assets. This can be problematic if the exchange goes offline or encounters operational issues, making it difficult or impossible to access your funds.

One exchange that offers a range of services, including spot trading, futures trading, and a wallet solution, is BTCC. While BTCC is a reputable platform, it's crucial to note that storing funds in its wallet service is not without risks.