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Anonymous
Is Crypto.com Defi wallet safe?
With the recent Cryptos exchanges collapsing, was wondering whether the cryptos in crypto.com DEFI wallet safe? I have the recovery keys, still wondering whether to buy a hard wallet to keep the cryptos instead?
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Justin
12 Aug 2022
Content Strategist at Seedly
Question is...do you trust them? There's no such thing as too big to fail. If you wanna be extra safe, cold wallet is the best way.
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Bobby Lee
09 Aug 2022
Investor at Investor@Singapore
Nothing is safe at this rate...
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A good way to protect yourself against exploits esp in the realm of smart contracts is to either 1) stop doing DeFi/NFT business or 2) revoke any and all permissions that have access to your wallet.
Otherwise just store it on the CEX, is pretty safe (big exchanges will likely backstop your funds and very unlikely to suffer theft in the first place).