If you own any cryptocurrencies, the first thing that you should think about is how to keep your crypto safe and secure. Security is an aspect that is often overlooked until shit happens. (My website just got hacked yesterday, so I am very well aware of the pain)
I used to think it is much convenient and easy to just leave your crypto funds on the exchange. After all, I have never experienced any loss of crypto funds from hacking incidents. So why go through the cost and hassle of buying a hardware wallet like Ledger Nano S? That was my original thoughts. But that has changed and here is why.