[acchow]

Or you could hold your own bitcoin in your own wallet.

[nikcub]

That's the moral of the story - but a lot of people don't

I still haven't convinced my own brother that he needs to move his coins off-market - he said he'll "get around to it at some point"

Also have tech friends who keep coins in Coinbase/Coinbase Vault

[BinaryIdiot]

It's hard to ignore how handy it is when someone else holds your money. When my bank holds my money I can send it to anywhere from any place. Using a crypto wallet I now have this file I have to somehow keep safe and with me at all times. What happens when or if it gets stolen? Like cash it's gone.

So I understand why people do it. Ease of use typically outshines most security issues. Someone needs to figure out how to strike a better balance.

[nicky0]

Keep a paper or electronic backup at home and/or another safe place.

Also your should protect mobile/app wallet with a passphrase so it is safe if you lose it.