Last updated on April 9th, 2018 at 03:10 pm
I bought crypto using Luno and Altcointrader. Should these companies fail, how would i access my coins?
If you don’t own the private keys, you don’t own the coins. If those exchanges go down, you’ll probably never get your coins back. This is why we always recommend storing your coins in a personal wallet and not entrusting them to an exchange wallet, which is totally outside of your control. See our wallet reviews section for help in choosing a suitable personal wallet for storage of your coins. Your coins should only be on an exchange when you’re actively trading.
Thank you for your succinct response. I have seen your personal wallets review. What is the process of transferring my coins from exchanges to the personal wallet? I would rather pay the monthly fee than leave it chance.
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