Is it safe to keep my cryptocurrency on an exchange?

Keeping cryptocurrency on exchanges carries risks. Exchanges are convenient for trading but vulnerable to hacking, technical failures, and regulatory issues. Major platforms like Coinbase and Kraken use security measures such as cold storage and insurance, but no exchange is completely risk-free. For large amounts or long-term holding, most experts recommend moving coins to personal wallets you control. If you must use exchanges, enable two-factor authentication, use strong passwords, and only keep what you actively trade there. The saying 'not your keys, not your coins' reflects this concern—when you own a private wallet, only you control your funds.