# Question about Bitcoin storage **URL:** \ **Category:** Factual Questions\ **Created:** [November 25, 2021, 5:56pm UTC](https://boards.straightdope.com/t/question-about-bitcoin-storage/954950 "2021-11-25T17:56:08Z")\ **Posts on this page:** 1\ **Showing post:** 4
**Author:** ![Northern\_Piper](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/northern_piper/32/5304_2.png) [@Northern\_Piper](https://boards.straightdope.com/u/Northern_Piper)\ **Post date:** [November 25, 2021, 10:01pm UTC](https://boards.straightdope.com/t/question-about-bitcoin-storage/954950/4 "2021-11-25T22:01:03Z")
See also this thread: > [@Cryptocurrency exchange founder dies and takes password to the grave](https://boards.straightdope.com/t/cryptocurrency-exchange-founder-dies-and-takes-password-to-the-grave/828963): > > [$190M of cryptocurrency at the QuadrigaCX exchange is inaccessible](https://www.theguardian.com/technology/2019/feb/04/quadrigacx-canada-cryptocurrency-exchange-locked-gerald-cotten?fbclid=IwAR1QVlKwH6xXBx6Sz9KrsZybamSpYoWZ5wje5Y9B2tocZ9kYS9nR3tMg5-U) after apparently the only person with the key has died, leaving nobody else in the company knowing it or how to get it. What does a cryptocurrency exchange do, and why would they have hundreds of millions of dollars of other people’s money under their absolute control? I thought that if you owned cryptocurrency, you had it in your own wallet. How is it that an exchange is holding that much of other other people’s crypto? I thoug… Bitcoin exchanges are completely unregulated, unlike banks, so if you leave your bit of a Bitcoin with the échange, you are essentially giving control of your asset to complete strangers, who are not subject to any government review, standards, or deposit insurance requirements. That’s a feature of e-currencies, not a bug. Until someone buggers off with your Bitcoin, of course. --- _[View the full topic](https://boards.straightdope.com/t/question-about-bitcoin-storage/954950)._