Quote from: Latviand on January 28, 2024, 09:30:30 AM

Quote from: jrrsparkles on January 28, 2024, 08:54:27 AM

Quote from: Latviand on January 28, 2024, 07:04:54 AM

~

So you're listening or choose to be as it because it gives convenience? Because I can't able to understand that you learnt storing Bitcoin in an exchange is risky but you're not concerned about losing it.

If you only have bitcoin and just install electrum wallet and store your bitcoins in it, the non custodial wallet actually gives the complete control of your funds and you can sell whenever you want just sending the funds back to exchange only paying the fee required at the time.

Correct, I'm not concerned it's not a big deal amount so I do it anyway, the convenience is a bonus. I do plan to install an Electrum wallet but I don't have my own computer yet and I want to learn how to navigate in Linux so I can be much safer so that's the deal for now but rest assured, that's what I plan to do someday with my bitcoins.

You can install electrum wallet in your smartphone itself if it's Android, for IOS I will recommend blue wallet.

So you're using bitcoin only for trading purpose and not to send anyone personal?

Because withdrawal fee on exchange is hell of an amount to be paid for small amount.