Should I move my crypto to my wallet?
As mentioned previously, it is not wise to keep large amounts of cryptocurrency in any hot wallet, especially an exchange account. Instead, it is suggested that you withdraw the majority of funds to your own personal "cold" wallet (explained below). Exchange accounts include Coinbase, Gemini, Binance, and many others.
When should you use a crypto wallet?
While you can technically store crypto directly on the exchange, it is not advisable to do so unless in small amounts or if you plan to trade them frequently. For larger amounts, it's recommended that you withdraw the majority to a crypto wallet, whether that be a hot wallet or a cold one.
When should I move my crypto to a cold wallet?
All wallets can store keys, but only hot wallets can access the blockchain, so it's important to keep your keys off your hot wallet until you need them. Does Your Crypto Still Grow in a Wallet? Yes, your cryptocurrency will continue to grow while stored in your wallet.