Why is it SO IMPORTANT to use a COLD WALLET to store your crypto?

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SAFETY FROM HACKING!!

Use your laptop, iPhone, a Android, in a shared wifi space, or even let your antivirus protection lapse for a few days, and your wallet is open to being hacked. 

It does not matter whether it is Trustwallet, or Metamask, it can be hacked.

If you use an exchange like Binance, Coinbase, or MEXC, again your wallet can be hacked.

Also, why keep your crypto on an exchange when they can change policies overnight?

Recently, I found that Binance simply disallowed withdrawals of pounds for UK users!

The only way now for me to get my money out of Binance is to send my crypto out to another exchange, then hope they allow pound withdrawals.

Annoying huh?

And there is no way to ask them to reconsider, they just implement any policy they wish, at any time.

So, we MUST keep our crypto in a cold wallet (hard wallet).

Buying a cold wallet was one of the best crypto decisions I ever made!