Can I ask you why you want to hold stablecoins for long periods? If you do not intend to buy or invest for the next three months, it is better to keep it in cash than to risk hacking the platform or freezing your funds in the wallet. Stablecoins are good for trading and short-term betting.
because if I withdraw money from an exchange to the bank account, i have to convert it to domestic currency first and then to usd again on bank. So because of the exchange rates differency and some commissions i loose some money while transferring.. Also it is still unclear how and how much taxes will apply to the crypto exchange money from real bank side.
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BoardWeb Wallets
Re: Is it safe to save USDT and BUSD on binance for long term?
Binance has a more decentralized product than its own exchange, Trustwallet - supports multiple chains. Or use a web wallet like Guarda and a browser extension wallet like Metamask(only supports chains with hexadecimal addresses - prefix "0x"). As long as you take good care of the seed phrases or privatekey, as long as the tokens you keep are safe.
guarda looks like it supports both usdt and busd. Should I trust guarda for long term savings? And does trustwallet also supports busd and tether such as guarda? Are these wallets saves the private keys in an offline environment (in mobile/desktop) to prevent against hacking attempts online?
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BoardWeb Wallets
Re: Is it safe to save USDT and BUSD on binance for long term?
If you use 2FA and other security, and you are able to secure your wallet, your friend would not be able to access your Binance account. But exchanges should be for trading, not holding.
Exchanges are often hacked, even Binance has been hacked before. Do not leave your coins on exchanges.
Use a wallet instead of an exchange. Use a wallet, have your keys, which means you have full control over your coins on blockchain.
Should I send all of my usdt and busd into my desktop electrum wallet for long term savings?
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BoardWeb Wallets
Topic OP
Is it safe to save USDT and BUSD on binance for long term?
by
novolavaexchange
on 11/09/2022, 15:40:56 UTC
Hi I receive some money from my friend to my USDT address on binance web wallet from month to month. If my friend fakely demand the money on binance from my wallet, can he get any money from my wallet in the future? Is that possible?
Is it safe to save USDT and BUSD on binance for long term?
I also understand your concerns about blockchain web wallet, but I couldn't find any other reliable/trustable web wallet which don't require KYC docs.
My concern is why are you just wondering there is only Web wallet where you can receive and send Bitcoin. This is a terrible decision using Web wallet to store your cryptocurrency. If you aren't forced to use a Web wallet for any reason then there is no reason to choose a Web wallet where you can use Electrum on mobile devices and PC as well. Otherwise, you could buy a hardware wallet for best practice. I am just wondering why do you want involved with blockchain Web wallet? How you are soo confident that blockchain Wallet is secure and trusted? You don't need to trust anyone once using the non-custodial wallet.
Now i created a wallet on electrum. Is this web wallet has lower transaction fees when transferring to binance?
I want to receive money into my blockchain com wallet: Under Wallets & Addresses tab, there are unused addresses (segwit) which I can add and label them. So, can I use those btc addresses as receiving addresses permanently?
Although you have to know is that the reason why they changing the address and giving you a new and unique one is for added security. And of course you can use the addresses, but using them permanently means that every funds goes to the address and can easily be traced. It’s usually best when you’re steady changing the address. But it is still up to you on whatever you want to do and how you want it.
I understand but i will only receive money into that permanent address from one source repeatedly . For the other sources i will use different addresses.
I also understand your concerns about blockchain web wallet, but I couldn't find any other reliable/trustable web wallet which don't require KYC docs.
I want to receive money into my blockchain com wallet: Under Wallets & Addresses tab, there are unused addresses (segwit) which I can add and label them. So, can I use those btc addresses as receiving addresses permanently?
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BoardCurrency exchange
Re: (Have) btc (want) paypal, agc , pm
by
novolavaexchange
on 11/10/2020, 14:20:24 UTC
hi I can send paypal in exchange with BTC.
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BoardCurrency exchange
Topic OP
Have Paypal want BTC or Payoneer
by
novolavaexchange
on 11/10/2020, 05:04:57 UTC
Hi I have some funds on paypal , i want BTC or Payoneer or both. approx. 1:1 ratio is okay.(only pp fees and other fees)
Wow. Sounds nice but how about if you send the payment first? U kinda suck at this forum at this point. So paying first is a must since there is no escrow for the above payment systems.
Let me know when youre ready to send me some paypal and get some skrill after.
No.
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BoardCurrency exchange
Re: I have Paypal want to get Skrill, BTC, Paxum etc..