Moving crypto off an exchange to a wallet you control gives you more control — and more responsibility. A few checks first can prevent irreversible mistakes.
- Understand the difference: custodial vs non-custodial wallets.
- Back up your recovery phrase securely and never share it.
- Double-check the receiving address — crypto transfers cannot be reversed.
- Send a small test amount first if you are unsure.
See also what is a crypto wallet.
Crypto is high risk and largely unregulated in the UK. You could lose all the money you invest, and most crypto is not protected by the FSCS or the Financial Ombudsman Service. This is educational information only, not financial advice. Only invest what you can afford to lose.