Buying coins is just the beginning; the real test lies in how to store them properly. Many people feel relieved after purchasing crypto assets on exchanges, but little do they know that this is just the start of the risk. As long as your coins are still in your exchange account, you do not hold the private keys—true ownership is only established when the assets are transferred into a personal wallet.
Why must you use a wallet?
In the world of crypto assets, there is a strict rule: if you don't have the private key, you don't truly own the asset. The convenience provided by exchanges comes at a cost—the cost of complete control over your assets. If an exchange suffers a hacker attack or faces policy risks, even a large amount of assets could vanish overnight.
In contrast, storing crypto assets in a personal wallet means only you hold the key to open that door. The blockchain network records your ownership, and no one can alter or tamper with this record. That is why professional investors and HODLers