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897: Important Financial Lessons from the FTX Collapse

Radical Personal Finance

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Investing in Cryptocurrency - Lesson 101

If you have money on the exchanges, unless you are using that money actively for some purpose, do not hold the money there. If you want to speculate on something like gold or silver, then you speculate on the directional price much more inexpensively than using an ETF. The coins that you own must not ever be on an exchange. You must hold the keys and that way you can be confident that you own them. And so I think that's an appropriate way to think about your computer coins.

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