Analyst claims that exchanges promote your Bitcoin, crypto buying and selling platforms reply By Cointelegraph

Safety breaches and hacks usually spotlight the dangers of storing (BTC) on centralized exchanges. One analyst even claims that protecting your BTC on exchanges can be an element for value dips.

Rufas Kamau, analysis and markets analyst at Scope Markets Kenya, defined his ideas on how protecting BTC on an alternate lowers coin value. Kamau believes that purchasing BTC on exchanges solely quantities to purchasing an “I Owe You” (IOU) which he describes as “paper Bitcoin.”