🔒 Are cryptocurrency exchanges 100% insured?

Many beginners believe that depositing their cryptos on a centralized platform (CEX) is equivalent to putting their money in a bank. But the reality is different: cryptocurrency exchanges are not 100% insured.

👉 Some platforms have partial insurance against hacks, but these guarantees have limits.

* They do not always cover all the funds.
* They do not protect in the event of poor internal management or bankruptcy ( as demonstrated by the FTX case ).
* And above all, insurance does not automatically apply to every user.

In plain terms: if an exchange is hacked or goes bankrupt, there is no guarantee that you will recover all of your cryptos.

🛡️ How to secure your cryptocurrencies?

1. Use a personal wallet

* Hot wallet ( mobile/computer application ) for your daily use funds.
* Cold wallet ( secure USB key like Ledger or Trezor) for your long-term funds.

2. Save your private key / seed phrase

* Write it on paper (never on the internet).
* Keep it in a safe and discreet place.

3. Enable two-factor authentication (2FA)

* Prefer Google Authenticator or Authy over SMS, which are less secure.

4. Diversify your platforms

* Do not leave all your cryptos on a single exchange.
* Diversifying reduces risks in case of problems.

✅ Remember this: "Not your keys, not your coins."
As long as your cryptos remain on an exchange, they are not entirely yours. The best assurance is your vigilance and good security practices.