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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.
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?
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..Stablecoins are good for trading and short-term betting.
Also it is still unclear how and how much taxes will apply to the crypto exchange money from real bank side.
[moderator's note: consecutive posts merged]
