The case for self-managed wallets after switching crypto exchanges
A user links their moves from Binance to Bybit to Bitget to Japanese regulatory pressure, and argues that exchanges with lower trading volumes pose greater security risks.
TLDR
A user says being pushed off Binance led them to Bybit, and being pushed off Bybit led them to Bitget. They blame pressure from Japan’s Financial Services Agency for this pattern and expect it to continue. Arguing that lower-volume centralized exchanges carry greater security risks, they recommend moving assets into self-managed wallets as much as possible.
The case for self-managed wallets after switching crypto exchanges
A user links their moves from Binance to Bybit to Bitget to Japanese regulatory pressure, and argues that exchanges with lower trading volumes pose greater security risks.
TLDR
A user says being pushed off Binance led them to Bybit, and being pushed off Bybit led them to Bitget. They blame pressure from Japan’s Financial Services Agency for this pattern and expect it to continue. Arguing that lower-volume centralized exchanges carry greater security risks, they recommend moving assets into self-managed wallets as much as possible.