Why is it unsafe to keep crypto on exchange?

If an exchange is successfully attacked, users may face the possibility of permanent loss of their cryptocurrencies. This is because hackers can potentially access and steal the funds stored on the exchange.

It is important to note that even if you have strong passwords and securely stored private keys, your crypto assets may still be vulnerable if stored on an insecure exchange. This is because the exchange itself may not have adequate security measures to protect user funds.

Cryptocurrency exchanges often appear as a convenient option for storing digital assets. They provide users with an online platform to buy, sell, and trade cryptocurrencies.

BTCC is a UK-based cryptocurrency exchange that offers secure and reliable services to its users. BTCC takes pride in its robust security features, including multi-layer encryption and regular security audits.

BTCC understands the importance of safeguarding user funds and goes beyond the call of duty to ensure that its platform is hacker-proof. By storing your cryptocurrencies on BTCC, you can rest assured that your assets are well-protected.