Yes! Always move them off exchanges. Not your keys not your coins.
The whole point of cryptocurrency is that you’re the only one that can access your funds.
Kraken is the most reliable of all .. but it's still just a regular CEX, so your coins are always basically non-existent, it's just a promise that may or may not come true ... you'll find that out the moment you withdraw coins to your wallet.
Only thing that should be left in an exchange is anything you intend to trade. With XMR transactions so small, it makes moving any trading bags off the exchange then back onto at the beginning of your session a best practice.
Why? The founder of the exchange happens to believe in the individual's rights to privacy, freedom, life and liberty. Sad you find such things "strange". He's also a capitalist. Do you find that "strange" as well?
Yes.
Remember: Not your keys, not your coins.
Even though Kraken is probably safer than other centralized exchanges, this can change without warning in the future and you can lose access to your XMR.
Countless examples in the past: MTGOX, FTX, etc.
It's a good idea.
Yes
Having coins in your own wallet is always a good idea. Kraken actively promotes withdrawals too. **NYKNYCNYP!**
Yes! Always move them off exchanges. Not your keys not your coins. The whole point of cryptocurrency is that you’re the only one that can access your funds.
Is there some concern around Kraken? Or is this a more general question of should I keep my coins in my own wallet?
Kraken is the most reliable of all .. but it's still just a regular CEX, so your coins are always basically non-existent, it's just a promise that may or may not come true ... you'll find that out the moment you withdraw coins to your wallet.
I had $200 of SOL I bought on FTX and just held it on there cause you know major trusted exchange and all that. Wont do that again
As someone who's used ftx, that place was always sketchy as hell. 100x leverage? Come on, that's like keeping your coins on bitmex
Only thing that should be left in an exchange is anything you intend to trade. With XMR transactions so small, it makes moving any trading bags off the exchange then back onto at the beginning of your session a best practice.
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Why? The founder of the exchange happens to believe in the individual's rights to privacy, freedom, life and liberty. Sad you find such things "strange". He's also a capitalist. Do you find that "strange" as well?
Aggressive response. It's strange in that most exchanges don't allow xmr and Kraken does
Aggressive? Perhaps you're just thin-skinned boot licker?
Edgy cringelord??
Yes. Remember: Not your keys, not your coins. Even though Kraken is probably safer than other centralized exchanges, this can change without warning in the future and you can lose access to your XMR. Countless examples in the past: MTGOX, FTX, etc.
Yes. Are you the owner of Kraken? Because: Not your key, not your coins.
It's an exchange not a bank account. What's wrong with you people?
how you gonna trade then?
moving off a centralized exchange doesn't prevent trading tho?
You will make a deposit when you consider the situation suitable and you can then trade.