![image.png](https://images.hive.blog/DQmWM6VTmj3h45vK3pfBjojxyFThKhYujZfvLmWArHARWzM/image.png)
[Souce](https://vulcanpost.com/798953/hodlnaut-withdrawal-freeze-strengthens-case-for-defi/)

It absolutely isn't ok to keep your crypto on exchanges , and you are absolutely not in charge of your account. They can refuse to give you your money at any time. that's not even a theoretical thing, it's happened many times before with many many exchanges. It's fine to use an exchange, it's the best way to get cryptocurrency second to mining and earning. But keeping your crypto in the exchange itself is not at all secure, and they can do anything they want. Robinhood for instance is notorious for not letting you trade cos they feel like it, usually when people would start to realise gains and robinhood would have to give money back. Soon these exchanges sleeping with the goverment will be bailed out if anything happens
if your in a cex atleast make sure they are up to date and doing everything right with local goverments.
2050, instead of bank bail outs we will have cex bail outs.

What did the users of FTX have to say about their account security before it closed down?
Mt Gox, MintPal, Cryptsy, etc. etc. How secure were those multi billion dollar exchanges?
Not your keys. Not your coins. 

I cannot say it enough.

[Join an Amazing Card Trading Game Splinterlands](https://splinterlands.com?ref=ariamath)

[Join Terracore]( https://www.terracoregame.com/?ref=ariamath)