If a cryptocurrency exchange you use stops trading or goes out of business, the fate of your coins will depend on a few factors:
Self-custody wallets: If you have withdrawn your cryptocurrencies from the exchange and stored them in a self-custody wallet, you will still have full control over your coins. In this case, the exchange's closure will not directly affect your holdings.
Bankruptcy proceedings: If the exchange becomes goes bankrupt, there may be legal proceedings to distribute the remaining assets, including users' cryptocurrency holdings.
Exchange recovery or acquisition: Sometimes, another exchange may acquire or take over the operations of the defunct exchange.
Regulatory protections: In some jurisdictions, regulations may be in place to protect users' assets in the event of an exchange closure or insolvency.
Any more you think can be comment !
[link] [comments]

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments