Some of the withdrawal fees are insane, but I agree that everyone should be moving out most of their holdings off of exchanges. You know the other good thing about cold storage? Even if i wanted to panic sell I wouldnt be able to because Im keeping it somewhere else... LOL Another tip I would add is that people need to stop bragging about the size of their portfiolios to the public. Sure you might think everyone you know is honest..but is everyone who they know honest? You never know... Someone I know who used to talk about crypto pretty publicly and bragged mid last year about how he bought ETH at $6 oddly doesn't talk about it anymore. I think its because he doesnt want to get hacked or robbed. I think thats a smart move nowadays.
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Yeah you keep hearing stories about people who get held up for their crypto. I dont tell people about my holdings not only for that reason but I also don't want people thinking I'm gonna pickup the tab at dinner or buyer them nicer gifts for their birthday lol, half kidding haha
https://www.coindesk.com/man-stole-1-8-million-ether-armed-robbery-prosecutors-say/