
382 | Name Your Fear, Control Your Risk
ChooseFI
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Investing in Cryptocurrency - The Worst Case Possible
If you have your coins custodied on an exchange, any exchange, but in particular, some of these staking ones that offer better than normal yields, you are in an incredibly risky scenario at the moment. And i would be doing, i would be encouraging in crypto the equivalent of a bank run right now. It's worth your time to day find out how to set up a wallet, your own wallet. Move as quickly as possible your crypto of any type, that you have, to that wallet. You don't need to understand all that you need to know about counterparty risk. Don't invest on leverich and not your keys, not your coin.
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