Post
Topic
Board Bitcoin Discussion
Re: storing BTC at exchange wallet long term
by
hulla
on 06/02/2021, 22:01:14 UTC
Everywhere I read tells me it is not a good idea to leave BTC long term at an exchange wallet.
In addition, to what explained already one of the concept of Bitcoin is to make each individual is own bank and never to trust third parties. However, keeping coins on exchange is just like trusting the third party but you can still keep some coin you can afford to loose on exchange site that integrated SAFU.


 
However, the same people who say that recommend crypto interest earning accounts such as BlockFi or Celsious.  Doesn't make sense to me.  So I should not trust Coinbase or Gemini yet I can trust BlockFi or Celsius to keep my crypto safe?  What?Huh
I honestly don't trust coinbase ever since the ask they lock user account for no reason and force KYC but those fellow that gave you the advise are after profit cause blockfi is also a third party platform and it trying though is not a bad idea but you should only put the amount you can afford to lose.