StakeCube is a small crypto platform registered in Germany with approximately 125,000 users that as of two days ago halted withdraws , trading and deposits. Although it was a very small exchange it is just another reminder that self custody is the responsible action to take.
Insolvency is a serious risk when storing cryptocurrencies on an exchange. However there are steps you can take to minimize this risk. Always remember to only store the amount of cryptocurrency that you’re willing to lose on an exchange, and keep your funds in a cold storage wallet whenever possible. Use multiple exchanges rather than just one, and stay up-to-date on all the latest news surrounding exchanges and cryptocurrency trading in general. By following these simple guidelines, you can help ensure that your crypto holdings are safe and secure as possible.
