What are the security considerations for traders moving from centralized exchanges to Cardano?

Traders moving from centralized exchanges to Cardano should consider several security aspects:

1. Self-custody responsibility - secure storage of private keys is crucial.
2. Importance of hardware wallets for large holdings.
3. Need for due diligence on DEXs and smart contracts before use.
4. Understanding the irreversibility of blockchain transactions.
5. Awareness of potential smart contract vulnerabilities.
6. Importance of using official wallets and verified dApps.
7. Need for regular security audits of personal setups.
8. Understanding of common scams and phishing attempts in the crypto space.

While Cardano offers enhanced security in many aspects, it also requires users to take more responsibility for their own security measures.

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