Quote from: South Park on March 10, 2023, 07:43:39 PM

Quote from: GlobalMilk99 on March 09, 2023, 04:45:19 AM

I had a different thread on how to start on Bitcoin and had so many useful and helpful knowledge given to me at that thread. I just wanna say thanks to all those who replied to my post. And also, yes, I will be starting to do trading on cryptocurrencies. With that being said, I also want to take this opportunity to ask, what would be the best cryptowallet to use at this time?

You are probably going to end up using the wallet of your favorite exchange as your main wallet if you become a trader, in theory traders should send their coins out of the exchange at the end of the day, but since they do not want to miss any potential movement of bitcoin they prefer to keep their coins at those exchanges as not only this saves time but it saves money on fees as well, unfortunately even if this seems like the right thing to do you will be risking your money if you do this, and if the exchange collapses your capital goes down with them, so if you are serious about the security of your coins then you will get a hardware wallet and deposit your coins there at the end of your session.

I like what you said that it's good to use a hardware wallet if you have a profit in cryptocurrency that seems to be what you're trying to convey, right?

This is exactly what should be done, with every profit we get from doing crypto trading, it should be separated immediately and transferred to a safer container which is the Hardware wallet. Every time we save little by little, we don't realize that it is growing as days or months pass.