As a beginner staking ADA on an exchange, should I eventually move my crypto to a personal wallet to gain better control and security despite its user-friendliness?
hey elias, i’ve been thinkin a lot about this too. at first exchang staking seems super convenient especially if you’re just gettin started, but eventually moving your crypto to a personal wallet might give you that extra peace of mind through better control. sure, managing keys can be a bit daunting (and mistakes can happen, trust me), but isn’t it worth it if you really want to secure your funds? i wonder how many of you have already made that switch or are considering it? what would you say is the biggest hesitancy when it comes to self-custody? would love to hear more ideas on balancing convenience with security!
hey, i think once u get comfy dealing with keys, a device wallet might be the safer bet. exchangs are convienent but the risks are reall there, esp if u dont keep track. just make sure u backup those keys to avoid any mishaps.
After staking ADA for a while, I found that transferring crypto from an exchange to a personal wallet provided an increased sense of security and control that isn’t possible when handing over control to a central authority. Initially, the ease of an exchange is tempting, but personal custody requires a deeper understanding of key management and proper backups, which can be achieved with some research and diligence. In my experience, investing time in learning these aspects not only boosts device security but also reinforces the importance of self-custody in a progressively decentralized space.