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"NOT YOUR KEYS,
NOT YOUR COINS"
PUBLIC & PRIVATE KEYS
COINS ARE STORED ON ADDRESSES A.K.A PUBLIC KEYS. EACH PUBLIC KEY HAS A UNIQUE PRIVATE KEY. PRIVATE KEYS ALWAYS GIVE ACCESS TO THE COINS STORED ON PUBLIC KEYS. PRIVATE KEYS CAN BE EXPORTED FROM WALLETS AND PRIVATE KEYS CAN BE IMPORTED INTO WALLETS. PAPER WALLETS (A PIECE OF PAPER) ARE THE SAFEST WAY TO STORE YOUR LONG TERM HOLDINGS.
EXCHANGES ARE NOT SAFE
COINS LEFT ON A CENTRALIZED EXCHANGE BELONG TO THE EXCHANGE, THEY ARE NOT YOUR COINS AS YOU DO NOT HAVE THE PRIVATE KEYS. IF THE EXCHANGE GETS HACKED OR DISAPPEARS TOMORROW YOU LOSE YOUR COINS. AN EXCHANGE CAN BLOCK ACCESS TO YOUR ACCOUNT AT ANYTIME. ALWAYS TAKE YOUR COINS OFFLINE BY SENDING THEM TO PAPER WALLETS.
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