Quote from: phuckit17 on December 28, 2017, 03:44:23 PM

Quote from: 1satyros1 on December 28, 2017, 12:55:59 PM

is it good idea to transfer my LTC to a hard wallet? What is the process if there is a fork? i.e to I have to transfer my LTC back to Coinbase in order to get the ''potential'' new coins? please ignore my lack in these technicalities, i have been in this market only for a few months... thanks

Most People say move to Hardware or paper wallet is the only safe way to store long term. The only nice thing about Conbase if you are a US citizen is the USD wallet is FDIC insured up to 250k so even if exchange goes Kaput, your dollars are safe. Also you can't lose it or send it to the wrong address,m pity the guy over in England with 150 mil in BTC in the landfill.

I've seen people say you SHOULD buy a hardware wallet if you have more than $200 in crypto. This is really stupid. Where do you have the backup seed for the HW wallet? On a piece of paper. So the best long term cold storage is a paper wallet. Skip the HW, you're just wasting money.

A HW wallet only makes sense for a hot wallet that you use frequently for transactions.