Exchanges and asset theft—nothing new. When an exchange gets hit, it usually leads to massive withdrawals that it can’t handle, especially during a bear market. Then it collapses completely, leaving behind a mess. Plenty of exchanges have mysteriously disappeared; any seasoned trader can name a few! Our logic for choosing an exchange is simple: pick the one least likely to get crushed. Just like you wouldn’t put your money in Uncle Wang’s high-interest investment co-op at the village entrance, you’ve got to choose an exchange that’s too big to fail. A lot of people ask me why I don’t recommend other exchanges. To be honest, I’ve had plenty of projects and exchanges approach me, each offering more tempting conditions than the last. But my stance has always been crystal clear: I reject them outright, without a second thought. Because the cost of learning lessons in this industry is way too high—high enough to knock you out of the game for good. Right now, the ones I personally use are Binance and OKX. Not saying they’re absolutely safe (no one in this industry can guarantee that), but at least in terms of asset scale, risk control systems, and security investment, they’ve done a better job of managing risks compared to others.