# BTC

> BTC

**Published by:** [childhood car](https://paragraph.com/@childhood-car/)
**Published on:** 2024-12-01
**URL:** https://paragraph.com/@childhood-car/btc-1

## Content

Keeping Bitcoin on an exchange may pose risks of the exchange being hacked, bankrupt, or having its account frozen. Therefore, holding a private key and withdrawing coins to a personal cold wallet (such as a hardware wallet) can effectively reduce these risks and ensure asset security.

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