Post
Topic
Board Beginners & Help
Re: How to keep fiat safe while waiting to buy dips?
by
cheezcarls
on 02/01/2021, 17:52:44 UTC
Hello all, I would very much appreciate anyone's help in giving this newbie some much needed help. I want to be ready to buy Bit?s dips. I plan on buying a few Bitcoins. I know keeping fiat on any exchange is not wise while waiting. I have a Nano X and I?ll be using Coinbase. My bank takes 3-5 days for a transfer to be complete. But how am I suppose to be ready to buy dips and keep my fiat safe while it?s sitting on Coinbase? Any knowledge, tips, helpful advice, etc. and even other suggestions for other exchanges or anything related would be much appreciated. Thank you!

This is the purpose of USDT and USDC in the crypto world, as they are stablecoins. To keep your fiat safe while waiting for the dip to come, convert them into USDT and USDC and make sure that it's on a decentralized non-custodial wallet like the Ledger Nano S, Trezor, Trust Wallet, etc., where only you can have access and no third party interference.