Cryptocurrency exchanges have come leaps and bounds when it comes to security. That said, companies build crypto exchanges online. While this is inherently a risk already, cryptocurrencies’ continued adoption has driven the price of crypto upwards, making it a more prominent potential target for hackers.

Due to the above, many platforms recommend crypto users who want to trade stays on your exchange and the crypto you plan to hold in a wallet. The majority of crypto exchange platforms follow these same practices to minimize potential losses. That said, taking your private keys off an exchange gives the user added responsibility for keeping their coins secure and understanding the inner workings of cryptocurrency storage.…