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Are there any benefits to holding litecoin in litewallet?

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Better than on exchange. Not your keys, not your money. There are also alternate software and hardware wallets.

Dizzy Daystop- Автор вопроса

Lol do you have any of your money in a bank? You should withdraw it and put it under your bed

My bank accounts are insured against bankruptcy, exchanges don’t do that

Dizzy Daystop- Автор вопроса

Ignorance is bliss

If you read some give insurance against hacks. But up to you if you believe or not.

I use hardware wallets so doesn’t apply to me anyway

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