I am a new member of bitcoin forum. Investing in Bitcoin can either be profitable or a loss. I will invest in Bitcoin. I don't know where to invest. Should I put it in Trust Wallet or Binance? Hoping for advice from everyone on where it should be placed? There will be no possibility of hacking. please help and advice?
I think what people are saying is... don't put anything on Binance you are not willing to lose.
Not just because Binance can get hacked , or pull a Mt.Gox / FTX...
but ( in regards to using leverage ) using any leverage over 5x can quickly get you liquidated.
Getting a hardware wallet, buying some Bitcoin, and leaving it on that wallet is a good idea ( hodl )
also, engrave your seed word on a piece of steel and hide it
Personally, I love the idea of a passphrase, but it seems like others are leary of it because if you forget it, your Bitcoin is irretrievable.