So, you’ve been investing in cryptocurrencies and have decided that you want to take things to the next level by holding your coins yourself. That’s a great decision! It’s important to be in full control of your own portfolio, and there are many benefits to self-custody.
In this blog post, we will discuss how to get your coins out of exchanges and into self-custody. We will also talk about how to monitor your portfolio on Moonrig.io, a crypto portfolio management software that’s decentralized and secure.
How To Get Your Crypto Off Exchanges?
The best way to store your crypto is off an exchange. This is because exchanges are centralized and therefore vulnerable to hacks or poor management. If you hold your crypto on an exchange, you are effectively trusting that exchange to keep your funds safe.
To get your crypto off the exchange and onto your own self-custody wallets, you will need to withdraw your funds from the exchange. Each exchange has a different process for withdrawals, so you will need to consult your exchange’s documentation for instructions on how to do this.
Once you have withdrawn your funds from the exchange, you can transfer them to your own self-custody wallets. There are many different types of wallets available, so you will need to choose the one that’s right for you.
Self-custody wallets will have a public address that you can use to receive funds and a private key that you will use to access your funds. Be sure to keep your private key safe and secure – if someone else gets ahold of it, they will be able to access your funds.
Why Moonrig.io Is The Best Way To Manage Crypto Assets for Free?
With this free crypto portfolio tracker, you will be able to receive instant crypto notifications while still being able to hold your own private keys. This is because Moonrig only imports the data, not your coins. So your keys are always safe with you.
In addition, Moonrig.io is the only portfolio management software that offers a full detailed analysis of the market. Whether you’re a trader or a long-term investor, having these insights will help you make better decisions about your portfolio.
So How Do You Get Started?
The first step is to find a register on Moonrig.io. You can do this by going to the ‘Register’ tab at the top of the website. From there, you can simply create an account. Once this step is complete, feel free to check out this blog where we explain how to import tokens from your wallet.
Final Thoughts
Centralized exchanges often provide insights such as real-time charts but come with too much counterparty risk. Instead, use Moonrig.io for all the data you need without having to trust a third party. Don’t make the mistake of leaving your crypto funds on an exchange. Neglecting to take your crypto into your own hands is a risky move that could result in the loss of all your funds.
