You are viewing a single comment's thread from:

RE: Coinbase having major issues!

in #cryptocurrency8 years ago

Rule number 1 in crypto is just like with gold; If you don't hold it you don't own it. Now what does it mean to hold your BTC? It means (in order of safety) hold on your computer, offline computer (cold storage), hardware wallet (trezor). If you need to trade then use a DEX (Decentralized exchange) like Bitshares Open Ledger. This way only you control your funds and no one else. Its that simple.

Sort:  

Yes.
I do think is acceptable to keep a small amount in an online wallet or exchange if it makes your life easier, for example a small amnt in speculative cryptos that most wallets don't support. But you must understand and acknowledge the risk.
but the bulk of your savings should always be kept offline!!!!
This is a good reminder for us all, thanks for the comment and thanks for reading :)