“Is it safer to keep coins in exchanges or wallets?”

Asking this question already indicates - you don't quite understand yet.

Standard answer: Exchanges are safer (for beginners).

Why?

Because you don't understand the risks of wallets at all.

Today I saw a news story about someone who bought a hardware wallet from Douyin,

put coins in it, and ended up losing 500,000, going straight to zero.

Once coins enter a wallet, does the project team run away? No, it’s the wallet itself that has been tampered with.

Wallets should only be purchased from official websites.

Don't be tempted by cheaper prices on e-commerce platforms like Pinduoduo.

You have no idea if the wallet has been tampered with, and the result is: the money you earned is taken away before you even warm it up.

Correct approach:

Purchase hardware wallets from official websites.

After receiving it, don't transfer all your assets at once; test with a small amount and observe for a few months.

Do not concentrate large assets; store them across multiple wallets + multiple exchanges.

The truly safest method is cold wallets (generate private keys offline).

Safety level ranking:

Cold wallet > Hardware wallet > Exchange > Hot wallet

(Hot wallet = commonly used wallets on phones, like MetaMask, OK Web3)

Now let's talk about another common trap: “Quantitative scams.”

Someone asked me to discuss a project, saying things like “annual return of 50%,” “already invested 500,000.”

I shook my head directly - any investment with an annual return over 6% should be approached with caution, let alone 50%?

Today I saw another case of someone being scammed out of 8 million,

where the other party gifted Maotai, treated to meals, and talked about life, creating emotional value, and in the end, everything was invested.

The most toxic part isn’t the scam; it’s the emotional value.

“A person who thinks something is a guaranteed profit often faces the most danger.”

It’s not because you are too greedy; it’s because you trust too much.

My friend lost 40% of his FO coins and had to exit painfully.

I said losing money is okay, but you can't keep being “foolish.”

The logic of making money isn’t complicated:

Wait for opportunities → Understand logic → Strong execution

Don’t touch money that shouldn’t be earned; the opportunities that belong to you will eventually come.