Cryptocurrency exchanges and third parties offer stockpiling for your coins through hot wallets, which are secure, yet at the same time on the web (in this way still vulnerable to hacking). Crypto hung on a trade or in a wallet isn't FDIC- guaranteed like cash in the bank.

Trading cryptocurrency involves significant risks due to the market's high volatility, lack of regulation, and potential for security breaches. Prices can fluctuate wildly within short periods, leading to substantial gains or losses. Additionally, the relative anonymity and decentralized nature of cryptocurrencies can attract fraud and scams. While some traders profit from careful analysis and strategy, the unpredictable nature of the market requires robust risk management. Using secure, reputable exchanges, enabling two-factor authentication, and staying informed about market conditions can mitigate some risks. However, potential traders should be aware of and prepared for the inherent uncertainties and dangers in cryptocurrency trading.