Post
Topic
Board Beginners & Help
Re: Spending extra to keep my assets out of trouble
by
OjAbram
on 24/03/2024, 12:38:46 UTC
~snip~
It's called safety practice, yeah I spend gas fees three times, $7 for moving the old token to another wallet address roughly $10 for the swap, and another $7 to send back into the hardware wallet.
It's a $24 thats well spent because my hardware wallet consists of many assets that are way higher than $24 in total value.


And then someone complains that Bitcoin on-chain transactions are expensive Roll Eyes

I agree that it is good to remove any risk when it comes to hardware wallets, but it is obviously not the cheapest practice, especially if someone has more tokens with which they want to perform such "acrobatics". I honestly did not know that gas fees are more expensive than a liter of fuel at a gas station Shocked

I was shocked when you Said,you spent $24 for gas feel is quite expensive I must say,well that's very thoughtful of you. however you should thank your stars for moving those your old token to another wallet successfully, well I will say it depends on the kind of wallet you're using, reason is because some people find it difficult to move their old token to a new wallet that's those people who started using trust wallet since 2018 i think is only those old users that is facing this difficulties. I'm also making use of trust wallet right now as we speak I have most of my assets stored in my trust wallet, and I was able to move it to a different wallet although I'm still a new user.

What about someone who has binance wallet and trust wallet is there still need for hardware wallet?