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Questions tagged [unsafe]

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Chiara Chiara Fri Mar 29 2024 | 6 answers 1134

Why is it unsafe to keep crypto on exchange?

I've heard that keeping cryptocurrencies on exchanges can be risky. Could you explain why that is?

Why is it unsafe to keep crypto on exchange?

Topics at Cryptocurrency Q&A

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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