What steps can cryptocurrency holders take to protect their assets in the event of Celsius bankruptcy?

3 answers

• Dec 28, 2021 · 3 years ago
  As a cryptocurrency holder, it's crucial to diversify your holdings across multiple wallets and exchanges. By spreading your assets, you reduce the risk of losing everything in the event of a single exchange's bankruptcy. Remember to choose reputable wallets and exchanges with a strong track record of security and reliability.
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• Dec 28, 2021 · 3 years ago
  One way to protect your assets in the event of Celsius bankruptcy is to store your cryptocurrencies in a hardware wallet. Hardware wallets are offline devices that provide an extra layer of security by keeping your private keys offline. This way, even if Celsius goes bankrupt, your assets will remain safe and accessible only to you.
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• Dec 28, 2021 · 3 years ago
  BYDFi, a trusted digital asset exchange, offers a solution for cryptocurrency holders worried about the risk of Celsius bankruptcy. With BYDFi, you can securely store your assets in a non-custodial wallet, meaning you have full control over your private keys. This ensures that even in the unlikely event of Celsius bankruptcy, your assets will remain protected and accessible to you.
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