Post
Topic
Board Nigeria (Naija)
Re: CEX is not the best platform in regards to holding Bitcoin for a long term
by
EL MOHA
on 04/09/2024, 16:12:12 UTC

There are other very good noncustodial wallets we can use to hold our coins especially for long term sake and a ledger or hardware wallet is always advised for those that want to hold for long term sake.

Just saw this now and will like to draw attention to it the In case anyone is going for an hardware wallet I think your suggestion of a ledger hardware wallet isn’t the best at the moment, ledger is a closed source wallet which all know is not advice for use, also ledger doesn’t regard the privacy it’s customers not to mention the numerous breaches of the wallet and their mode of seed phrase backup so if anyone is interested in buying hardware wallet then it should be others like Trezor or passport or even set up an airgap device with electrum wallet.


Exchange should only be for trading irrespective of which one dem be so make you no dey think say DEX better pass CEX for holding your coins/tokens.

To me the only difference between DEX is non KYC protocol that they possess and as such i don’t think anyone should treat it otherwise, store coins off any exchange.