Exchange Wallets vs Your Own

An exchange halts withdrawals and files for bankruptcy. What do its customers hold?

• Their coins, which they can still move with their own keys
• A claim against the company, settled through the bankruptcy
• Insured deposits, paid out within days

What turns a lost phone into a lost wallet?

• Not having the wallet app's support number
• Not having the seed phrase written down anywhere
• Having the wallet on a phone instead of a computer