Exchanges are for acquiring the asset, they are not for storing the asset.
If you lose "your" Bitcoin because you left it on an exchange that failed, you can blame yourself for that. "Not your keys, not your coins" is a saying that is repeated over and over for a reason.
Stop fucking around trying to earn yield that doesn't exist by transferring your ownership to people who do not have your best interests in mind. Just get the Bitcoin into a wallet that you own at the absolute bare minimum. Even downloading a hot wallet for your phone is infinitely better and more secure than keeping it on an exchange.
So just do the bare minimum, it is super easy, costs nothing and empowers you to actually own your Bitcoin.
Here are just a few mobile wallets for those that are looking:
Muun Wallet (On-Chain + Lightning)
Casa (on-chain, insanely simple backups)
Blue Wallet (On-Chain or Lightning)
All of these are available on iOS & Android, and have good reputations. This is all you need, at the very bare fucking minimum.
Just please, for the love of god, take your fucking Bitcoin off the exchange. You don't need to go buy a hardware wallet right away or at all if you don't want to. You do need to do at least this though.
[link] [comments]
No comments:
Post a Comment