That is an excellent question sir. Well you have control over your funds. unlike in exchange sometimes they lock your funds or they get hacked or get involved with legal issues and you lose all your coins. Moreover you can stake your ADA using this wallet.
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@ankarlie.. thanks for that. sorry im being curious but what does staking do and how exactly do you do it ?
well staking is putting some amount of a cryptocurrency into a cold wallet like this. Then by staking it you will receive certain amount of reward for it like interest. The more you stake the more interest you get.
@ankarlie... thank you ! I've been trying to figure it out. its amazing that there are a tonne of crypto pro traders out there that are just complete dicks to people like me who are basically still learning the ropes. really appreciate you taking the time to reply and explain :)
no worries sir i am always here to help. :)