Hack and Hacks, every day I am waking up to the news of crypto exchanges getting hacked, recently a crypto exchanges founder died and he seem to have a hold of
$190 million worth of BitCoins with him.I have taken a pledge of never using a custodial exchanges, even if it is Binance, and not matter how much CZ says that he will keep the cryptos SAFU, I am not doing the mistake of keeping my money at stake.
I did a detailed study of what exchanges to use and what wallets to use -
- Exchanges - Instant exchanges only, Changelly, ChangeNow, CoinSwitch etc.
- Wallets - Divided into two parts - Ledger NANO S for long term investment, and keeping the funds safe, MultiCurrency wallet for trading, ex - Gaurda Wallet, Exodus Wallet
Let me know what you guys think.
Dude, I said that in another post that I made... it is duty that exchange keep your clients' funds safe, just as a bank keeps our money safe. The exchanges need to have a security scheme that is very good and very efficient so that customers stay safe while leaving their currencies in exchange. If an exchange can not guarantee the security of its clients' funds, then why does this exchange exist?
Haven been here for long time now, hardware is my storage device and my cryptocurrencies Bank. Hardware is the best option for safe and secure Bitcoin, though many other options been mentioned here are pretty good if they are secured and out of bound to hackers.
Do you do day trade?