Wallets

Can someone explain to me in simple terms why it’s not recommend to store all your coins in a managed wallet like coinbase or crypto.com and instead use cold storage? Is it simply due to risk of the providers being hacked or the fees they charge? submitted by /u/Potential_Giraffe870 [link] [comments]

May 5, 2025 - 04:50
 0

Can someone explain to me in simple terms why it’s not recommend to store all your coins in a managed wallet like coinbase or crypto.com and instead use cold storage? Is it simply due to risk of the providers being hacked or the fees they charge?

submitted by /u/Potential_Giraffe870
[link] [comments]