Bitcoin Forum

Hey guys, I never expected to get so much help this fast. So thank you, I considered every one of your suggestions and decided to save both bitcoin and stablecoins for the benefits of each coin with a hard cold wallet.

So now I need a final advise.
1. For my use, do you recommend to use Trezor or Ledger. I know they both good but I just want to make sure. Is there any deal or coupons?

2. As I understood, when using a hard wallet, I won't have to worry about KYC. So in such situation, will you still recommend me to use the DAI coin? or the others that more trusted and reliable like USDC, PAX..

Thanks again.

Using a hardware wallet is a smart choice, you will have the right to make complete decisions about your assets without having to worry about anything. Don't put your money on transactions as many transactions are insecure and even Binance has been hacked by hackers.
I think you should keep USDT and Bitcoin, the liquidity of these 2 coins is very good and you can sell these 2 coins in any transaction.

Actually there are many option to store your bitcoin and one of them is trezor but you can also  use a wallet like mycellium and electrum and many  other more those wallet do not need a KYC but the other wallet can only be stored btc.

About the second question i am not fan of stable coin so i do not have really idea if its worth it to hold.

Ok. Without KYC hardware wallet is safe to hide your money. I will recommend you to use ledger hardware wallet and for stablecoin TUSD or Pax, because you have little worry about Tether. But I don't recommend you buy DAI Coin.

Trezor and Ledger are good for using this secure hardware wallet in my opinion and I haven't experienced this problem so this is highly recommended for you.

I think keeping a stable coin is good and reliable.
Do you want to keep only stable coins not other coins?

If you will ask for me then I would keep also other coins just not only thoae stable coins because aI believe that some coins will be also have a good value so I am just holding and keeping those coins that I am getting from bounties and signatures and etc. I can also say that hardware wallet is very secure, as I am using it for some years and I don't encounter yet any problem about using it so it gains my trust and I am suggesting it into my friends so that they can secured their money and earnings through the help of the Ledger.

[1] As long you know how to use and you have full control of your asset (Private key) using a Trezor, Ledger or Software Wallet its ok just choice was suitable for you.

[2] It depends on the purpose you holding the cryptocurrency, if you want to hold with the long term without worry about the volatility from cryptocurrency stable coin was always the best option. But if you want to make a profit and doing a trade or investment with a long term you can try to buy and store a major coin.

Since you'll be storing mainly stable coins, why not simple convert them into fiat?
stable Coins are also not that "stable " to be honest & anything can happen to them & becomes worthless.
If i MUST i would simply change the big chunk /portion into fiat, that's teh safest man
.

As for your hard wallet, i would be using it for some portion of stable coins (USDT, USC, BUSD) & use it when you wanna try / invest again.

Hide my money from my country? Actually think you wanna ask how to secure the altcoins especially stable coins, I will suggest ledger hardware wallet which more safe and secure use it and secure you all coins.

1. i have been using trezor from 2017 and i never get a big problem with it. It has a very good security and compared with ledger and we never see a vulnerability has already discovered in trezor.

2. You will not have to worry about KYC because you are the owner of the wallet and who can control your wallet. There is no way to take over your wallet without the vulnerability that makes someone able to take over your wallet.

DAI is still a good choice for you.

I believe the reason why he wants to hide his money because want to avoid a tax from the government itself.

Some of the people using store all of the money earned to cryptocurrency just want to be avoid a tax from the goverment, most of them using "Monero" to hide their money. Because "Monero" its a privacy cryptocurrency kinda hard to track the fund.

Source : https://hacked.com/monero-the-perfect-tax-shelter/

I use Trezor, though they are both a good hardware you can use any of them as long as they are legit and original. Regarding the subject hiding. It will only be applicable if you keep holding as once you plan to cashout it some fees or taxes will be added too depending on your country.

You can easily get yourself into trouble doing this friend, tax evader are criminals and it depends which country you are from, for some countries its a serious crime i advice not to do this at all, you can think you are safe and something unexpected will just give you away

Be wise by your coin because if it would hacked, for sure you'd never bring it back and back to start. Create or find a wallet that you'd know have the most possible security that has a less chance that other would get it.

My suggestion is you should used a ledger wallet as a hardware wallet rather than trezor because ledger wallet is more stylish and cheaper for me, but they are both safe when it comes storing your funds. Also, it depends on you what coin would you choose or use because i am not a huge fan of those coins, the coins that i only used are LTC, ETH, XRP, BCH, and BNB.

1. currently i use trezor for more than 2 years and everything went smoothly but for the coupons, i don't know where to find it.

can you just lock your old thread?

Wallets like Trezor and Ledger are among the best hardware wallets in the present situation. Use this link to learn more about what you have highlighted and more of this type of wallet: https://blockgeeks.com/guides/best-hardware-wallets-comparative-list-blockgeeks/

If you are looking for stable coins that do not require KYC, yes DAI is more convenient.

For more information please look here: https://cryptonews.com/coins/dai/

DAI is arguably more reliable that USDC or PAX. If you really want a decentralizaion, you could buy a number of crypto rather than a stable coin as most of the coins are cheap today and are highly likely to increase in price in the future. 

I have no experience storing a stablecoin in my wallet but I don't either have a hardwallet. I prefer to install a desktop wallet which basically still works like a hardwallet for me.

Many of us are also into avoiding KYC but this is going to be difficult to avoid if you are going to cash out. If its just the KYC that you are avoiding, you still can do it with your laptop. Serves the purpose of hiding your money.

I use the Nano Ledger hardware wallet and it is still safe to store my assets.  to be used as one of the stable kdp USDT might be my choice, although there is no choice on your list but you can make it as an alternative choice

Hey man. I am not totally updated with Trezor till now but I highly suggest to you to use Ledger over Trezor.
Though they are both good. But Ledger has the edge over Trezor. In terms of looks, Ledger has a more stylish look over Trezor. Ledger has a stainless steel body while Trezor is not and in addition, Ledger is supporting  multiple coins than what Trezor has (I am not totally updated with Trezor but because way back it has few ). Though they are both good, I just like the looks on what Ledger has because it is more protected.

As for the coin, stick with DAI man. Though if you don't want any third party to have control over your funds. Otherwise, use USDC.

ledger for sure imo, they have a tried and tested system for key generation AFAIK. ANd dont worry about coins like DIA, if you want a stablecoin just stick to USDT (tether). its the most accepted.
just dont buy one of those ledgers off ebay or some shit, wait to buy direct, even if sold out, just place order and be patient. its worth it
those ones you buy online can be backdoored or have the keys already compromised somehow :O   very sketchy haha
Welcome to BTC! :)

It doesn't make much sense in my opinion to get a fixed crypto deposit. But let's discuss another situation. If the currency movements in the country are restricted and you want to buy foreign currency, you can choose USDT. But if you want to earn more than you deposit, you can get ETH, btc or bnb ....

Good job mate, you made a great decision! But the Ledger hardware wallet, it is convenient to use and looking also very good and easy. Ledger Nano S price is not that high, u don't have any coupon code for it. As you are buying the hardware wallet, don't buy DAI or USDT, buy the USDC, the best one or TUSD or PAX! Good Luck.

DAI or USDC are both OK if you are considering to hold stablecoin, I can't say for a fact which is better. For hardware wallet, I've used both Trezor and Ledger, both are cool but I prefer my Ledger nano since it's more convenient to use. I'm not holding any stable coin for long term, most times I trade USDT pairs since it usually has more trading volume compared to other stable coins and that's the only scenario I hold stable coins short term.

You should look at what XSN is doing. If you wish to enter the crypto world, you'll soon be able to store all of it on Stakenet's new multi currency wallet, from where you can trade inside of it as well, in case you want to exchange BTC for LTC, or vise versa.

Their wallet is built on Lightning, meaning you can exchange with close to 0 fee's, and instantly.

Holding some BTC while it's low will for sure gain you some extra money long term :)

Good luck

The problem with USDT is that you rely on a central entity to make sure that stablecoin is worth $1 which it is today, but what about tomorrow? It's waiting for a total implosion of USDT. It can happen at any time.

People are way better off using Bitcoin or Ethereum because you don't rely on anyone to maintain its value. Yes, it's volatile but I rather hold a volatile crypto than a stablecoin that might not have any value left tomorrow.

Actually, there's an easy way to do this. Moreover, it is very easy to remain anonymous in doing so. However, there may be a problem if you agree that you are missing money from your country's tax system.

From any other stable coin like USDT, TUSD and PAX, Bitcoin will be right to hide your money. No transaction history and no real proof. The main reason benefit is Bitcoin is in low price, this year Bitcoin hit 13K USD. There will have some chance to hit more next year.

If I understood your situation as it was, I think you were right in your choices. Wallet and coin are the kinds that meet your needs.
Based on the previous post, he wants to stay away from the KYC requested stablecoins and volatile coins like BTC. He also wants to keep it for 2-3 years that is why looking for a trustable one, but there are some problems in USDT with backing up, which may cause problems in the future.

For me, I will go for Trezor because of the popularity in the space and there is no issue with security. The most important thing is you, all these are tools to help secure your investments but if you are careless with them, there is nothing Trezor team can do your Crypto

It is very difficult to be 100% anonymous. If you bought coin on centralized exchange where you put your name, email or credit card, then you probably revealed your identity and it would be easy to track down that you own the Bitcoins at that address.

I want to inform you that using paper wallets also do not require you to do kyc

Kyc only exists on crypto currency centralized exchanges and also idex

Once it is about a crypto wallet
You need not worry about kyc

Wallet such as trust, imtoken etc and yes an hard wallet do not need kyc

You can use whichever hardware wallet suits your needs, if you don't want to bother yourself with KYC, just use Trezor. The expensive prices don't mean the product will worth quality. Stay away from the stablecoins, unless you are sure about backup.

all of them recommend hardware wallet, is that the most appropriate choice? I actually prefer Trezor or Ledger because in my opinion a system that is managed online is safer for digital assets. and in this case, USDT could be the right choice to save your money.

storing our coins in a hardware wallet is a good choice. because saving at the current exchange is very risky several times large exchanges such as binance are also hacked.
and I think you did the right thing to divide your money into 2 parts. 1 part for bitcoin investment and the rest is stored in stable coins. and I suggest choosing USDT stable coins. I think USDT has better liquidity compared to DAI. and currently USDT is fourth in the CMC list. so saving money in USDT is the right choice.

I thought I was seeing things when I saw "Hide my money from my country" oof.

Just as you've said, both Trezor and ledger are a good choice. As long as you're the one who has the "Private key" and will always be, everything's good.

As it's not required you to pass KYC, you don'y have to worry about your information getting leak or something. I'm not really sure which one of the coins you should choose, but the posts above me recommend you quite the thing. Might as well, you do some research on them.

And I believe you already know that both wallet cost you a bit of extra money, I found this when I googled them, might be useful.
https://www.bitdegree.org/tutorials/trezor-vs-ledger/

1. I think there is no, both have the advantages and disadvantages of each set your choice as detailed as possible
2. The stable coin can be relied on in hard wallet do not need to panic if the price trend goes down in the market.

What? You prefer Trezor or Ledger, but you are also asking if hardware wallet is the most appropriate choice? Trezor or Ledger is both hardware wallet or offline wallet, users prefer to use it since it is the safest way to store funds.

1. Personally I have never used trezor, so I can only recommend a ledger to you. Because I only use ledger nano s to store bitcoin and eth. During this time no problems occurred.
2. I think whether DAI, usdc, usdt, and the like are safe. In a sense you do not need to worry about KYC which is annoying and time-consuming.

I suggested you use Ledger, but you need to observe by yourself. I don't know what coupons will be available so you can get a cheap price.

I recommend you to have USDT, USDC if you don't want to be afraid of the volatility, so you will see that your funds are not changed many times, but you won't have a chance to increase your fiat or bitcoin if you don't have altcoin because altcoin will have time to grow, but that is up to you.

Trezor and legder are both good but they are physical wallet meaning once an eye is set on it people will know what you are into, this might sound impossible but i prefer offline wallet like paper wallet, you can keep your recovery seed in your head like i did and i cramp the words on a steel too