This will be a great mistake if you keep your coin in an exchanger website. I could remember back then in 2016 when I had 0.24 bitcoin which worth just $100 then in an exchanger website. But because I was busy with other things and I don't know that the website has had a problem. So when I now want to use my bitcon that was when I see that the website has been closed and I loose the bitcoin. Don't you know what the value will be by now.
Sorry about the loss . The fact is that for coins that we expect to holdl for long ,we should keep them in Decentralized wallets while for coins that we intend to trade with , exchanges are the best. The issue here is that these two coins have high transaction fees to be kept in wallets
I pretty much agree with you. Bitcoin and Etherium are the two monster in cryptocurrency world. They are growing very very fast. But the problem is because their price is increasing, the transaction fees are also so very very high.
That is one bad thing with both of them the moment they increase their gas fee also increases though it is my wish that they continue to increase so that other coins that has lost drastically can recover also.
I believe these two coins affect the operation and performance of other coins to an extent . This is why most people are confident in trading them
Honestly, if they checked the percentage crash of Bitcoin and ethereum you discover that it was less than 40% why some coins crash up to 80%.
It was because people know that they are both string coins that will worth be patient with unlike the shit coins that people sold due to fear of losing more fund
This is very important because of the service charge on the transaction on this coins is high. More reason why I go for litcoin due to the low service charge on every transaction.
If you are converting your bitcoin to USDt or otherwise on exchange platform the gas fee is usually very small on exchange platform but if you use pancakeswap it could be up to 10% slippage.