Cryptocurrency trading can be highly profitable, but it also comes with a number of risks. One of the risks of leaving your cryptocurrencies on an exchange such as Kraken Pro is the risk of hacking. Despite its reputation for being secure, exchanges can still be vulnerable to attack, resulting in the loss of funds.
Furthermore, if your account is inactive for a long period of time, you may be subject to additional fees. Exchanges may also require you to update your account information periodically, or risk the suspension of your account.
I'm relatively new to cryptocurrency trading, so I'm sure there are other risks I'm not aware of. What other risks should I be aware of when leaving my cryptocurrencies on Kraken Pro for a long time? Are there any steps I can take to minimize these risks? Any advice or suggestions would be greatly appreciated.
Furthermore, if your account is inactive for a long period of time, you may be subject to additional fees. Exchanges may also require you to update your account information periodically, or risk the suspension of your account.
I'm relatively new to cryptocurrency trading, so I'm sure there are other risks I'm not aware of. What other risks should I be aware of when leaving my cryptocurrencies on Kraken Pro for a long time? Are there any steps I can take to minimize these risks? Any advice or suggestions would be greatly appreciated.