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Comment by reidjs

Words of warning for anyone choosing to dabble in the cryptocurrency space - anything that you “have” on an exchange account is owned by the owner of the exchange, not you.

This is because whoever knows the private key to a crypto wallet is the owner of the funds. Usually, exchanges don’t give you access to the private key(s). And even if they did give you access, it’s still not safe because there’s nothing stopping them from moving the funds to a different account without your knowledge.

I wouldn’t recommend buying crypto unless you at least have a decent understanding of public/private key crypto

parent reidjs 3 years ago

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