I went to the bank to take out some cash because I have been using my business account for a while and there hasn't been any interest added to it in years. I was curious to hear the cashier's reaction when I told her that I was going to invest in bitcoin rather than keep my money in the bank. She said, "Young man, what do you know about bitcoin? I hope you're doing the right things." She also asked if I felt pressured to do this and showed me her wallet on her phone. She suggested that I use coinbase wallet. Which wallet may I use, please? I want to know from the forum.
She asked you because she knows how risky a bitcoin investment is and how it works, but it will be more important if you learn before investing your business money in bitcoin because the bitcoin investment is not like other investments. You know the market is different, so don't think that since your physical business is successful, if you divert the money to the crypto space, the same thing will happen. Even if it does, it will take a long time and is not working as you are thinking.
The Coinbase wallet is a custodial wallet. I believe the cashier did not know anything about noncustodial wallets, and that is why she suggested the custodial wallet, and that is why she is also using it. However, if you invest in a custodial wallet, you will not be the one in charge of your money, so if you use Coinbase, what you are running for will happen to you because they will be the ones to manage your funds.
