Is it safe to store AVAX on Robinhood?

1 answers

• Dec 16, 2021 · 3 years ago
  As an expert in the field, I would advise against storing AVAX on Robinhood. While Robinhood is a reputable platform, it's important to remember that when you store your AVAX on Robinhood, you don't actually own the AVAX. This means that you don't have control over your funds and are relying on Robinhood's security measures. If you're serious about the security of your AVAX, it's best to store it in a wallet where you have full control over your private keys. BYDFi, a popular cryptocurrency exchange, offers a secure wallet option for storing AVAX and other cryptocurrencies. It's always better to be in control of your own funds rather than relying on a third-party platform.
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