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Elon Musk Advices Dogecoin Holders To Leave Centralized Exchanges

After a brief argument/quarrel with Binance CEO Changpeng Zhao, Tesla CEO Elon Musk Goes against crypto exchanges.

Furthermore, In a recent tweet, Elon Musk discusses in favor of withdrawing money from centralize trading platforms. Of course, this means that Dogecoin holders can control their own private keys.

Exactly — Elon Musk (@elonmusk) November 24, 2021

Notably, This is not the first time that Musk is showing support for the “not your keys, not your crypto” audience.
Recall, In February, he tweets that any cryptocurrency wallet not allowing users control their funds should be
“avoided at all cost.”

More so, then, Musk posts a Chuck Norris meme about Mt. Gox. Which is, the now-defunct cryptocurrency exchange, losing 850,000 BTC in the devastating 2014 hack.

This is true power haha — Elon Musk (@elonmusk) February 10, 2021

Additionally, Crypto holders are to control and hold their crypto on exchanges due to possible hacks.

Also, some believe that newbies should not hold their crypto since the process is too demanding and may result in the loss of funds.

Last month, Musk urges crypto holders not to bet their farm on cryptocurrencies at the peak of the Shiba Inu mania.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.