Can cold storage protect me if the crypto exchange where I bought the coin shuts down?

If you have already withdrawn assets to a self-custodial wallet and control the keys, an exchange shutdown does not normally remove those on-chain assets.

The answer

If you have already withdrawn assets to a self-custodial wallet and control the keys, an exchange shutdown does not normally remove those on-chain assets.

What to do next

Confirm final settlement to an address you control and maintain verified offline recovery backups. Assets still left in exchange custody are subject to that provider’s situation.

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Related crypto questions

Frequently asked questions

Can I withdraw coins after an exchange has already frozen withdrawals?

That depends on the exchange and its current procedures; a hardware wallet cannot override a custodial freeze.

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