PSA: Not your keys, not your Monero, even on Kraken

MoneroMonero
$124.76
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self.Monero13d ago
Kraken seems to be the most trusted of CEX's on this sub, but you still shouldn't keep your Monero on the exchange, or this could happen to you: Essentially, Kraken closes down peoples' accounts if they trip any red flags, but they refuse to tell you why, and a lot of accounts, including mine, have no idea what they did wrong. I created an account, uploaded my driver's license, and bought xmr. Nothing else. But about three days later (with the price of Monero up quite a bit), they forcefully closed my account, and instead of liquidating my holding, they just told me to issue a chargeback. I.E. they stole all of the gains that I made. I should have withdrawn to a wallet as soon as the purchase was made...