Some people love them. I have a little bit floating around on exchanges, but for me I prefer my Crypto offline. When you have your Cryptos stolen once, you always worry about security from that point on. After that, if you are a person that learns from their mistakes, you will find a way to keep your Cryptos safe.
Now of course, you have to put your Cryptos on an exchange to make certain kinds of transactions, but I wouldn’t leave them there for long. The great thing about Crypto is that you can send it to a person without and exchange or a bank.
With all that being said, I would say Crypto Exchanges are better than banks. Many people forget that many times in history banks seized people’s assets with no warning. Well, the condition of the economy would have been the warning, but that’s neither here nor there. I do like that some exchanges offer a card that allows you to spend your Crypto like it’s cash.
The only problem is that your Crypto assets are the most vulnerable to digital thieves when they are sitting in these exchanges.
Crypto Exchanges are much better than banks but be sure not to store your valuable digital assets on an exchange for too long. For long term storage I keep my Cryptos Currencies and digital assets offline and out of reach from digital thieves.
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