In crypto over the last few days, exchanges have been stealing billions in user funds.

I was listening to a discussion on Twitter Spaces, and about 30 minutes into it, Elon joined in. After cracking some jokes about g strings and Dogecoin going to the moon, the tone shifted once Kimdotcom (creator of Megaupload) pressed him on the recent FTX exchange scam. Kimdotcom asked him:

“What can people do with their crypto to be safe for the long term?”

And Elon replied the following (broken into key quotes):

“Everyone should withdrawal crypto from exchanges to their wallet.”

“Keep your coins in cold wallets only.”

“I am buying Doge, Ethereum and Bitcoin for the long term and storing them in cold wallets.”

“Not your keys, not your coins.”

Here are 2 cold wallets you can buy if you don’t have one:

https://www.ledger.com

https://trezor.io