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Old January 8th, 2019 #50
Alex Linder
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Join Date: Nov 2003
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If you use an exchange as a wallet (and thereby must have the exchange's permission to use your money--you clearly are missing the permissionless, decentralized, peer-to-peer characteristics of crypto.

Exchanges are for convenience only. They're not a necessary part of the crypto ecosystem. They certainly should not be used as a bank--that is, to hold your money.