BetBurger | Live and Pre-game surebets
RebelBetting - Turn betting into investing

Cold storage

Suggest and talk about various investments
nadal77
Gaining experience
Gaining experience
Karma: -4
Posts: 17
Joined: Thu Dec 04, 2014 9:43 pm

Cold storage

Tue May 12, 2020 2:42 pm

Guys do any of u use cold storage for bitcoins such as usb? What do u think of this vs using an exchange as most do?
makarid
To become a Pro
To become a ProTo become a ProTo become a Pro
Karma: 29
Posts: 336
Joined: Wed Oct 23, 2013 3:20 pm

Re: Cold storage

Tue May 12, 2020 4:52 pm

Hello, if you want the maximum security of your crypto you should buy a hardware wallet. The 2 most popular companies are Trezor and Ledger. The funds on an exchange are the most vulnerable form of holding your crypto. Basically if you hold your funds on exchange for long term, your funds are in real danger!!! Send funds to exchange only for trading.
nadal77
Gaining experience
Gaining experience
Karma: -4
Posts: 17
Joined: Thu Dec 04, 2014 9:43 pm

Re: Cold storage

Tue May 12, 2020 6:30 pm

So you think this hardware companies are better than just puting the crypto in a usb and keeping it safe yourself?
makarid
To become a Pro
To become a ProTo become a ProTo become a Pro
Karma: 29
Posts: 336
Joined: Wed Oct 23, 2013 3:20 pm

Re: Cold storage

Wed May 13, 2020 4:40 pm

nadal77 wrote: So you think this hardware companies are better than just puting the crypto in a usb and keeping it safe yourself?
You have misunderstood. These companies are the ones that build those USB hardware wallets that you are referring to.
User avatar
arbusers
Administrator
AdministratorAdministratorAdministratorAdministratorAdministrator
Contact:
Karma: 624
Posts: 6267
Joined: Thu Dec 30, 2010 4:34 pm

Re: Cold storage

Wed May 13, 2020 5:36 pm

Nadal77, I hear very good things about Trezor wallets.

Return to “Other investments”