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February 09, 2021, 10:00:56 AM Merited by JayJuanGee (1) |
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Well, the return(ROI) that the legit investment platforms offering for holding BTC is so small that I don't think it's a very good idea to use them instead of safe standard hardware/software wallets, as long as you're not using online web wallets you would be way safer holding your coins in your own wallet which you have the private key to, instead of some random platform that could just go offline and run away with your funds anytime really.
It gets even worse when you think about the fact that you're going to use them as a bank for holding Bitcoin for long-term while as a matter of fact most of them are not in anyway as trusted as a bank or a secure decentralized network(your own created wallet).
I think if you're looking for some side profit while holding your bitcoin in your own wallet, it would be better to just set aside a very small portion of your Bitcoin for trading and send them to exchanges to trade with them, this way you get to feel comfortable holding your Bitcoins in your own wallet while you're making some small profits which are likely to be still way more than what these investment platforms offer.
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