Got it thanks! "Rice is great if you love something and" in Location 1, Then: "love something and I look younger now" in L2, And: "Rice is great if" and "Look younger now" in L3, [–]bpon89 10 points11 points12 points 3 months ago (3 children). Please avoid installing 10+ crypto wallet applications on your phone, because you'll make it impossible to keep track of your keys and passwords eventually. As for core wallets, I love ARK's wallet a lot. [–]kyleyle3 - 4 years account age. [–]tyler611 4 points5 points6 points 3 months ago (0 children). Did you skip the paper wallet route? Thank youuu, [–]pilotdave857 - 8 years account age. If you buy BTC (for example) Coinsquare, then transfer to an external wallet, you will likely pay a transaction fee, but the BTC will not be on the exchange anymore, and instead in your personal wallet. To be clear, the only way non-hardware wallets become risky is if you're sharing your private key around the internet, or falling for phishing attacks. Atomic supports 500+ assets and allows staking various cryptocurrencies. The S is the cheaper alternative, but if you handle transactions between multiple cryptocurrencies frequently, the larger storage of the Nano X should be more convenient. If you think the package may not get delivered as a result, then use a mistyped version of your name. Don't panic sell dips if you still believe in the tech and its potential customer base/use/network. The Nano X also has Bluetooth 5.0 support. If you decide to go with a mobile wallet (instead of a paper, hardware, or a desktop wallet), Exodus or Atomic are both available on iOS and Android. But yes, in general, if a coin is in your personal custody you have to send it via the blockchain that has a fee. tia! [–]ExtraSmooth 22 points23 points24 points 3 months ago (2 children). Again, only for Bitcoin, but if you're just HODLing BTC, I wouldn't go with any other wallet. Get the latest iOS version for free on Apple’s AppStore. In order to store and trade crypto youâll need a wallet. Get paid to do tasks, answer questions, participate in communities, solve bounties, and more! 125 - 250 comment karma. But it’s not Coinbase fee but rather network fees as to move your coins in or out, it is done on blockchain network which charges you. All of those inputs have to be wrapped in the transaction, which is going to *significantly* increase your fee. I have a small amount of crypto now (on coinbase pro) and don't want to pay a bunch in transfer fees while I figure out where to store it. How often should you transfer coins from the exchange platform to your wallet? Here are a few links from google that I found: [–]benicapoBronze 6 points7 points8 points 3 months ago (1 child). When Cotten "died," all Quadriga customers simply lost everything they had on that exchange. Edit: even Coinbase delisting XRP meant that your XRP was still being safely held. How to Get a Bitcoin Wallet In this guide on how to get a bitcoin wallet, we’re going to use the web-based wallet at blockchain.com as an example. Gox's hacking. To buy crypto, simply register your account by following the on-screen instructions, and load your wallet with funds. It's not something anybody would ever be able to guess and only used to protect my cryptocurrency keys and 2fa emergency codes. To each their own I guess. The ledger supports over 1200 cryptocurrencies, while Trezor supports over a thousand. Even with their extensive resources dedicated to security, they are more prone to attack than a mobile wallet or hardware wallet stored safely at home simply because attackers know that there's hundreds of millions of dollars involved. And I appreciate your insight and advice. And that's not even getting into the fact that banks and the courts would likely tell you to fuck off if you tried to get partially reimbursed for stolen cryptocurrency. Desktop Wallet - wallets that are installable on different desktops and are compatible with Windows, Mac, and Linux. [–]ExtraSmooth 3 points4 points5 points 3 months ago (0 children), [–]lumberjack233 29 points30 points31 points 3 months ago (3 children). It’s saying … Horses for courses. r/CryptoTrade The fee might also depend on how busy the network is. Will copy/save...very clear, easy read. Crypto⦠Steel wallets have two primary uses: They can be used to backup any kind of hardware or software wallet. I'd recommend starting with one to see how you like it. In other words, are coins in a wallet no longer invested in the market and simply sit as a “cash” balance? What’s your opinion on Trust Wallet? If someone hacks fidelity and steals all of their assets (oversimplifying, but for the sake of argument), my holdings are insured by the SIPC (at least, to a certain amount). On the subject of the Ledger leak, I would advise that if you order a Ledger wallet or any other hardware wallet from any other provider to use the following precautions when placing the order. Isn’t this phrase just like any other password? That's actually a good question. Step 3: Managing Your Crypto Assets in a Secure Wallet As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. Instead of using the exchange it is better if you use a Dogecoin wallet for storing, sending and receiving DOGE. So you would need another wallet for non ERC20 coins (BTC, XMR, ADA, etc). [–]Terryloooovesyoghurt 8 points9 points10 points 3 months ago (3 children). Less transfers/conversions = less fees. The private key is what you need to keep 100% secret. r/GPUmining. [–]landocommando18 7 points8 points9 points 3 months ago (1 child). Just look up the horror stories. Yeah that's the general idea. I know they say it's a bad idea because of hacks or the company going under, but I've left my little amount on coinbase because I'm lazy and I can see the value dip and grow with the market. They would have two different Private Keys (transactions) in the wallet. I think as long as the two wallets use the same kind of seed phrase it should work. Thanks for clarifying! Or if someone robs Coinbase HQ tomorrow and steals all the keys, that's not necessarily insured (some exchanges are, some aren't). Or let my coins "grow" in the exchange? Wallets. its as easy as pasting the send/receive address in and waiting for verification. [–]ACShredsPlatinum | QC: CC 464 16 points17 points18 points 3 months ago (5 children). DISCLAIMER This article does not constitute investment advice, nor is it … Alternatively, you could buy a flash drive for a few bucks at Staples and paste it into notepad there. If you want the original Bitcoin wallet this is it! Those projects shouldn't even be aiming to compete with ETH, but have their shit together ready to supplement it. Sounds about right. The 12 or 24 seed word list is your wallet and they would combine. 350 - 700 comment karma. You have to compromise some way: going full non custodial means you have to pay a lot more in fees. [–]the_edgy_avocadoGold | QC: CC 24 | NANO 22 113 points114 points115 points 3 months ago (30 children), You can just buy a new one and input your recovery seed. Tell anyone how much you’re holding. Platinum | QC: CC 132 | r/WallStreetBets 173. You can earn cryptocurrency on Reddit by posting to specific subreddits like r/cryptocurrency and r/fortnite. Generally, "not your keys, not your crypto" still applies here, but to get started you don't necessarily need a wallet right away. There’s also wallets that offer 24 word seed phrases that tend to be more secure, other than that perfect write up! 21 points22 points23 points 3 months ago* (6 children). So essentially it doesn’t matter where you store crypto as it relates to their value (obviously upon further thinking) since a cryptocoin is worth a certain amount anywhere you keep it. Available on Windows, Mac and Linux. How To Trade Crypto With No Fees. You're probably fine, especially if it's not a huge amount. The busier the network, More the fees, [–]DumbPenguin33033 14 points15 points16 points 3 months ago (2 children). (If someone were to find your seed phrase they would have access to your wallet), [–]Throwaway298596 3 points4 points5 points 3 months ago (11 children). Cool. This way I always have access to it but if my password manager is ever compromised I still have an extra layer of protection. The level of personal ID required and use of biometric identifiers is incredibly invasive and I think an excessive, disproportionate amount of personal data. I was once told that the threshold for considering cold storage is about $1000 in assets minimum. One goes in a lockbox or safe in your house, the other goes to a safety deposit box at your bank or credit union. As far as I know, major exchanges all have insurances and consider security their no.1 priority. I'm not an expert, but BIP39 has a specific set of 2048 words. i out 10k into bitcoin recently with gemini. Example: Words 1-8 in Location 1. If you are on Binanace and are going to do a few tradfes on there, buy some binance coin BNB and set your account to pay your fees in BNB to get a 25% discount. [–]P_Jamez 8 points9 points10 points 3 months ago (0 children). The fee depends on the coin. This is one hell of a learning curve. This may not be true in every language, though. 1 - 2 years account age. Any profits I move to wallet, and then carry on reading my play chips. As of now, it is probably the most popular desktop wallet. [–]AnjzPlatinum | QC: CC 208 | NANO 5 | r/NBA 45 40 points41 points42 points 3 months ago* (11 children). That's what I was thinking but just wanted to make sure. ...which suffered a data breach, leaking everyone's private information out to hackers. If its gone, so are your gains. be true. I realize this is the crypto subreddit, and not the Bitcoin one, but I feel like leaving Coldcard off the hardware wallets list is a huge miss. Keep your devices malware-free, and don't click on anything suspicious (such as emails from "Binnance", crazy bonus links from "Coimbase", etc.). Of course, the danger with holding your keys yourself is that you lose them, or forget them, or someone throws out the hard drive they're on accidentally, or an exploit is found in the wallet software you used (like for example the parity multi-sig wallets) or your house is robbed -- in that case you are 100% responsible for the keys, and if you somehow lose them everything is just gone -- there's no password reset or whatever. I wouldn’t move my savings out of a savings account and into a safe, so is there not a a secure way to earn interest on your crypto? You can set the speed/fee by clicking on the upper right corner of the transaction transfer page in Coinbase and selecting fast, regular, slow and even can set a custom fee yourself . Dumb question, if you have a hardware wallet and it fails, what do you do? There are thousands of … The % fees on exodus' exchange seem higher than custodial wallets / central exchanges but then there are transaction fees if I want to move crypto to a central exchange like binance and do the exchange there. Is it so unsecured/uninsured that it’s worth saying goodbye to 7% interest? An advanced multi-currency online crypto wallet for working comfort with different cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin, etc. Ledger Nano (S and X) - The most popular hardware wallet brand in the world, currently sells 2 different sticks. Buy and Hold; transfer most of the portfolio to hardware wallets. r/Blockchain The backup feature is in the security tab of the Exodus app. You can read more about Ledgers on their website. So if you plan on keeping you free coins from coinbase bit not add to them, it probably better to leave them there due to fees out waying the value being transferred. Your wallet functions like a normal wallet: put a 5$ bill in now, put a 5$ bill in tomorrow… open the wallet and there are 10$ inside. Your private key is a string of 64 characters that can be generated from a 12-word seed phrase. I’m considering a Phoenix or a Breeze wallet... anyone used either of these & have a recommendation? In crypto, I'm a lot less certain that coinbase won't have gone out of business in 20 years......and if they did, I'm not going to be checking crypto news every day for 20 years, there's a decent chance I just might straight-up miss news about it, and not do whatever I needed to do take ownership of my assets. 400 - 800 comment karma. [–]Burkex128 - 9 years account age. CryptoCurrencyMemes, r/Bitcoin r/Ethereum r/Binance r/Ripple r/Tether r/Dogecoin r/Cardano r/Polkadot r/Uniswap r/BitcoinCash. Then I'd place [–]TackyBradBronze 7 points8 points9 points 3 months ago (0 children). Typically these wallets spit out a 12 to 24 word phrase you can use to get your coins back if your main wallet is lost, stolen, or destroyed. Coinbase is likely the safest exchange to keep your crypto on, but that doesn't mean it's prudent to do so.
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