With all the new people here; Public service announcement about exchanges

Here are 2 simple facts about exchanges (CEX):

1. No exchange is "secure" for leaving Bitcoin on it. Bitcoin is not insured on any exchanges and leaving your coins there places yourself at risk of losing 100% of your investment, in a blink. It's happened many, many times to reputable exchanges and we have seen people lose their life savings in here countless times. It's hard to watch. They have ZERO liability to you when you hold crypto there. (USD is usually FDIC insured though on most exchanges)
2. Leaving coins on an exchange without withdrawing to a wallet allows the exchange to collect your money without buying the Bitcoin. So, your buying does NOT put upward price pressure on Bitcoin. This is partly what ruined the bull run last time; Exchanges (like FTX) took billions of inflows and did not actually purchase the Bitcoin. Why would they? You're giving them free money in exchange for a fake number in an app.

About ETFs: Its technically a BTC IOU. However, they are regulated spot ETFs, so they actually have to buy the Bitcoin to support the funds you give them. ETFs move the price of Bitcoin directly. They are also SPIC insured for up to $250k for every dime you put into them.

So, its far safer to buy ETFs than buying on an exchange if you have no intentions to withdraw and actually OWN the Bitcoin.

Lastly, I've seen some shitty and toxic Bitcoin comments out there, so try to stay humble peeps