Cryptocurrency exchanges are amazing. They help users buy coins by offering an easy to use interface (most of them). They even store them on their exchange for you. Did you know that those coins actually don’t belong to you? The exchanges have the private key information for your coins so you actually don’t own them. In addition, exchanges are prone to being hacked and your coins could be stolen at any given notice. There is no way to recover your coins once a hacker sends your coins to their wallet. To prevent this, one should obtain their own secure, crypto wallet.