Post
Topic
Board Bitcoin Discussion
Re: Are cold wallets safer than online exchanges?
by
Woodie
on 15/06/2024, 14:59:20 UTC
If you had a large amount of cryptocurrency would you prefer to keep it on an offline cold wallet or an online cryptocurrency exchange?

Both have pros and cons.

I'm interested to hear the thoughts of others.

Like you said both have their strengths and weakness, and depending on how you choose to grow your money will tell how you  can store your coins...
If say you are a trader trading on the charts most likely an exchange will be appreciate, or say you are into p2p trading an exchange will be ideal as you want coin's  readily available for your business without having to waste your small profits on transaction fees, and if you aren't into trading and going for the old Skool way of letting price grow your portfolio.. then you can hodl in a cold wallet to have a peace of mind without worrying of an exchange closing or getting hacked.