I’ve been advised before, NEVER to keep my Crypto on the exchange but to move them, either to cold storage (eg Ledger), or just off the exchange.
Can I ask though, what are the main benefits to using the new Daedalus wallet on my local/home computer as opposed to leaving them in my Binance exchange wallet?
Is it purely the safety aspect; that exchanges can be hacked?
I know staking is now an option… but if the exchange also offered staking, what would be my real reason for moving my ADA as opposed to leaving it where it is?
Apologies if this is a basic question - or should’ve been posted elsewhere? I’m still learning!