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Forum ยป It's it necessary to store bitcoin on a cold wallet?
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Thread: It's it necessary to store bitcoin on a cold wallet?

post 1685194083 06-23-2023, 10:47 PM
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#1
  1. Azrairc
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It's it necessary to store bitcoin on a cold wallet?

like If I'm invest <10k

can't it just sit in the brokerage account on kraken

paying more fees to withdraw it, upload it, sell it

seems like a PITA to put it on some usb wallet even if the government outlaws it you will have no where to cash it in legally or illegally without the feds cracking on your ass once you end up with the proceeds
post 1685194273 06-23-2023, 10:52 PM
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#2
  1. kusok
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  1. kusok
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Nut yo keez
Nut yo coinz
post 1685194413 06-23-2023, 10:54 PM
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#3
  1. Azrairc
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Originally Posted By kusok⏩
Nut yo keez
Nut yo coinz
that is just a catchy phrase, doesn't make it true

what about

"it's only gay if balls touch"
post 1685194873 06-23-2023, 11:07 PM
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#4
  1. bsrkoacar2
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Sounds like a really dumb idea honestly.
post 1685195153 06-23-2023, 11:15 PM
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#5
  1. KegelGains
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Thats why you buy a BTC ETF instead, none of that mess
post 1685195503 06-23-2023, 11:29 PM
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#6
  1. JayDigital
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If it's under $10k, and you really don't want to be bothered with self-custody, you'd probably be fine leaving it on a large, legitimate US-based exchange like Coinbase, Gemini, Kraken, Robinhood, etc.

If you have a significant amount, planning to HODL, and have concerns if an exchange may have their assets frozen by regulators, get hacked, etc., you would be better off storing it on your own cold storage wallet. It also helps that you reduce the outstanding supply on exchanges, which in time helps drive up price.

Not your keys, not your coins is str8 faccs, homie.
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