It's applicable to any cryptocurrency.
Any digital coin you store on an exchange is basically not yours. You have a right to withdraw it from the exchange, but if the exchange is having troubles you don't have access to your coins. It's always better so store all cryptocurrency safely in your own wallets.
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Yes, I get that. But I mean, with the upcoming August 1 event, would you advise me to transfer my other coins aside from Bitcoin to my own, uhm, paper wallet? Thank you.
Not specifically because of the August 1 event, but I would always advice not to store any cryptocurrency on an exchange.
But, apart from Bitcoin, you do not need to do that before August 1st per se.
I see, thank you. Cheers and more power! :)