Best Trading Platform

[ethereumhunter]

I completely agree with you. It is better to use multi-wallet for security if you have more assets. Access to one of your wallets can be problematic for any reason. Therefore, it is beneficial to share some assets in other wallets. I used to use Coinbase 2 years ago but suddenly I had a problem with my account. From that period of time i am using Binance for trading and holding activities.

If it's a coin holding, I recommend using another wallet and it's better to use a hardware wallet because we can control everything and don't depend on an exchange like Binance. But if it makes you comfortable keeping your coins, it can be done too.

Since the OP wants to invest 200k on bitcoin I think it makes more sense to have at least two wallets, one of them should be a hardware wallet which should hold the majority of the funds and it should be hardly used and the second wallet could be a desktop wallet in which a small amount of bitcoin could be placed in the case the OP also wanted to make a few purchases with bitcoin, whether this is because he needs to familiarize himself with the process or simply because he wanted to buy something with bitcoin.

We assume the bitcoin price is at $20k so he will have 10 bitcoins. He can keep it in two or three wallets. Wallets with more bitcoins are long-term deposits, while other wallets are wallets for transactions such as trading or others. And another wallet to use on the exchange.

[1714625496]

1714625496

[1714625496]

1714625496

[1714625496]

1714625496

[BobK71]

I completely agree with you. It is better to use multi-wallet for security if you have more assets. Access to one of your wallets can be problematic for any reason. Therefore, it is beneficial to share some assets in other wallets. I used to use Coinbase 2 years ago but suddenly I had a problem with my account. From that period of time i am using Binance for trading and holding activities.

If it's a coin holding, I recommend using another wallet and it's better to use a hardware wallet because we can control everything and don't depend on an exchange like Binance. But if it makes you comfortable keeping your coins, it can be done too.

Since the OP wants to invest 200k on bitcoin I think it makes more sense to have at least two wallets, one of them should be a hardware wallet which should hold the majority of the funds and it should be hardly used and the second wallet could be a desktop wallet in which a small amount of bitcoin could be placed in the case the OP also wanted to make a few purchases with bitcoin, whether this is because he needs to familiarize himself with the process or simply because he wanted to buy something with bitcoin.

We assume the bitcoin price is at $20k so he will have 10 bitcoins. He can keep it in two or three wallets. Wallets with more bitcoins are long-term deposits, while other wallets are wallets for transactions such as trading or others. And another wallet to use on the exchange.

Of course, if the amount is large, it is safest to use a hardware wallet. It is much safer to use the Binance platform than other exchanges if the assets are relatively small. One thing is always remember that keeping your assets in an exchange wallet means giving control of your assets to someone else.

[South Park]

Since the OP wants to invest 200k on bitcoin I think it makes more sense to have at least two wallets, one of them should be a hardware wallet which should hold the majority of the funds and it should be hardly used and the second wallet could be a desktop wallet in which a small amount of bitcoin could be placed in the case the OP also wanted to make a few purchases with bitcoin, whether this is because he needs to familiarize himself with the process or simply because he wanted to buy something with bitcoin.

We assume the bitcoin price is at $20k so he will have 10 bitcoins. He can keep it in two or three wallets. Wallets with more bitcoins are long-term deposits, while other wallets are wallets for transactions such as trading or others. And another wallet to use on the exchange.

That seems like a good arrangement, I forgot that the OP also seems to like trading and as such he is going to need an account at an exchange in which he not only purchases those coins but also trades them, some people may actually also recommend to use several different hardware wallets, and while I think there is some merit to the idea since the person we are talking about is a newbie it is better for him to keep things simple and use only one hardware wallet.

[Resident coin]

 I think you should try using octa fx because it has low commission,47 trading assets to choose from and also u get +50 present to any deposit.its a very trusted trading platform and has low entry cost on stocks

[|MINER|]

I completely agree with you. It is better to use multi-wallet for security if you have more assets. Access to one of your wallets can be problematic for any reason. Therefore, it is beneficial to share some assets in other wallets. I used to use Coinbase 2 years ago but suddenly I had a problem with my account. From that period of time i am using Binance for trading and holding activities.

If it's a coin holding, I recommend using another wallet and it's better to use a hardware wallet because we can control everything and don't depend on an exchange like Binance. But if it makes you comfortable keeping your coins, it can be done too.

Since the OP wants to invest 200k on bitcoin I think it makes more sense to have at least two wallets, one of them should be a hardware wallet which should hold the majority of the funds and it should be hardly used and the second wallet could be a desktop wallet in which a small amount of bitcoin could be placed in the case the OP also wanted to make a few purchases with bitcoin, whether this is because he needs to familiarize himself with the process or simply because he wanted to buy something with bitcoin.

We assume the bitcoin price is at $20k so he will have 10 bitcoins. He can keep it in two or three wallets. Wallets with more bitcoins are long-term deposits, while other wallets are wallets for transactions such as trading or others. And another wallet to use on the exchange.

Of course, if the amount is large, it is safest to use a hardware wallet. It is much safer to use the Binance platform than other exchanges if the assets are relatively small. One thing is always remember that keeping your assets in an exchange wallet means giving control of your assets to someone else.

I have also the same feeling what you said, specially when a trader want to do long term trading. Because the withdrawal or transaction fees are high here and on the others hand when you are going to short term trading you have to pay high fees if you are going trade on those platform . In my opinion I think trade can choose Centralised exchanger when they are short term trader . And my suggestion will be for you is Binance, Kucoin .But As we know the FTX incident it better to avoid stacking or hold big fund.