Is it safe to hold your crypto asset's in Hotbit?

[Planbizzle]

Absolutely, keeping your cryptocurrency holdings with Hotbit is perfectly safe. Hotbit takes user assets protection seriously and has several safeguards in place. They consist of two-factor authentication, cold storage of money, as well as other security measures.

Hotbit is a cryptocurrency wallet where you can trade crypto pairs easily and can store your crypto currencies or token. But it is always hard to slect a wallet to hold your assets for long term as you have always a risk to lost your assets by hackers or may be a wallet may be close so how should we opt for Hotbit wallet just only for trading/converting your cryptocurrency or You will also be comfortable to use Hotbit wallet as your crypto currency main wallet to store/ hold your all assets in wallet?

 

[Riberet19]

although we may believe that it is safe, it is still an exchange and we have already seen what can happen with exchanges, after all they are not regulated and you can lose all your investment if they go bankrupt, it happened with FTX, MT Gox among others, it is better to leave there only what you are going to use daily or for trading, the rest to your personal wallet.

 

[Kennysplash]

Hotbit is an exchange wallet, it is not advisable to keep your coins there. You should have a personal wallet where you store, then when you want to sell you move it there.