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Storing crypto on an exchange means users do not have control over their private keys, leaving their funds vulnerable to hacks, human error, or mismanagement. It has not been provided or commissioned by any third party. Cypherock: Known for its innovative backup and recovery system, Cypherock eliminates the need for paper recovery phrases, reducing the risk of a single point of failure. Meanwhile, private keys allow the wallet holder to access cryptocurrency and sign off on transactions. As soon as you download the fake wallet that looks just like the real wallet, poof, the hackers steal your funds.
