Have an actual question,
Is holding crypto on an exchange dumb
and is it worth investing in a ledger?
Have an actual question
Jonathan Hill
Connor Brooks
>Is holding crypto on an exchange dumb
Are you retarded? No, seriously, do you have brain damage?
Easton Williams
>fag response
seriously its a question i saw people posting 100k ripple bags from coinbase on here.
Eli Barnes
If you have more than a couple grand in crpto you really should store it yourself. I use a Ledger but Trezor or a securely generated paper wallet is fine too.
William Smith
if it's on an exchange, you don't own the keys
coinbase can more or less be trusted, up to a point, but once you start getting serious you should start taking ownership
Connor Nelson
Is the question something like,
If it takes shenanigans and magic to extort and exchange, whats to prevent this happening to your wallets? generally loaded with backdoors and owned by centralised systems, what to prevent the same hacks on exchanges happening to wallets?
Front doors have deadbolts but windows are still glass
Charles Hall
if you have more than $5,000 get a ledger. From then on out I would use coinbase, kraken, and gemini in addition to two or three ledgers.
you can keep
20% of assets on trading exchanges - quick liquidity, plus some coins are hard to move off exchange.
15% coinbase
15% gemini or kraken
50% split between one or multiple ledgers
Carter Rodriguez
holding crypto on an exchange is dumb because you are more or less responsible if your account gets hacked due to weak password, phishing, not having 2fa enabled, etc. in this case you most likely won't get your crypto back.
It is likely that major exchanges will refund money lost from a hack if it's their fault but it's not a guarantee.
Asher Hernandez
What about nash
Brody Powell
It's easier to break 247 running cloud service than well-researched crypto algorithms.