Author Topic: Investing types & Crypto Discussion $$$  (Read 34999 times)

Just a reminder that if you don't have your crypto in a wallet you directly control, it's imperative that you move them to a wallet you have sole ownership of. Having coins in an exchange or web wallet does not count, if that exchange or wallet provider decides to they can simply close shop and take your coins. Now is the 'phase' where lots of hosted wallets/services tend disappear without a trace because lots of people naively left coins with them during the price frenzy. If you're not sure your coins are under your control, ask us.
So you're saying it's a dumb idea to keep my money in a wallet on Binance? Do a lot of these altcoins have wallet clients that you can store locally on your own machine?

So you're saying it's a dumb idea to keep my money in a wallet on Binance? Do a lot of these altcoins have wallet clients that you can store locally on your own machine?
Every proper cryptocurrency has a wallet client that you can keep on your own machine. Go to the currency's website and either download the original client or any of the third-party clients they recommend that suit your needs. Just make sure you back up your private keys when you create your local wallet, if you lose the private keys the coins are lost in limbo forever.

technically all you need to hold crypto is the private key

either encrypt it and put it on a usb or print it and store in a safety deposit box or somethin

just keep it safe

So, hows that bitcoin mining goin?