Bitfinex Is Delisting 13 Tokens — And You've Got Just 14 Days to Get Your Coins Out
(46 days ago) · 1 source · Summarized by CryptoBipto
Bitfinex has announced the delisting of 13 tokens and is giving users a 14-day window to withdraw their holdings. After the deadline, users may face additional fees and there's no guarantee they'll be able to recover their assets at all.
WHY IT MATTERS
Think of a crypto exchange like a store shelf — the exchange decides which products (tokens) to carry. When a token gets 'delisted,' it's like the store pulling it off the shelf. If you had that product on layaway (stored on the exchange), you need to come pick it up before the deadline, or it becomes very difficult — and potentially expensive — to get it back. This is a reminder that when you leave your crypto on an exchange, you're trusting that company to keep supporting it. A safer approach is 'self-custody,' which means moving your crypto to a personal wallet you control, like keeping your valuables in your own safe rather than someone else's.
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