Best way to save your crypto !!!

[2021Start]

Hello guys !

I want to discuss the best way to save and stack our crypto !
As exchanges doesn't protect our anonymity any more and they are being more and more regulated ! It is not any more the crypto philosophy at all !
I was thinking on going on cold wallet as Ledger and stack on protocols like lido or rocket.
I want to know your opinions !

[Hazink]

As exchanges doesn't protect our anonymity any more !

Has there ever been a time when exchanges were protecting our privacy? Centralized exchanges have always been regulated, and they need to abide by the rules of regulators. 

I was thinking on going on cold wallet as Ledger

If you need somewhere to store your bitcoin ledger wallet, which is also a closed-source hardware wallet, it should not be an option for you. If you ask me, Trezor should be best recommended.

stack on protocols like lido or rocket

I believe Trezor Safe 3 and Safe 5 supports stETH

[2021Start]

Thank you for your respond.
Exchanges were not asking for KYC in the earlys but they are being more and more regulated it is becoming useless to be on an exchange if you are a bitcoin philosophy lover.

You advice more Trezor then Ledger ?


Thank you bro

[2021Start]

Can we stack big amount for years on lido ? And still be unworried ?

[tabas]

Thank you for your respond.
Exchanges were not asking for KYC in the earlys but they are being more and more regulated it is becoming useless to be on an exchange if you are a bitcoin philosophy lover.

Just think of it that the majority of the exchanges are asking for verification(KYC). If there are those that don't ask on it anymore, later on they'll have to do it. We've seen it how binance became like that.

You advice more Trezor then Ledger ?

It's better to buy Trezor than a Ledger hardware wallet. Few reasons is that it's closed source and then you might get into their ledger recover for allowing them to know your keys. They're saying that it's encrypted and you even have to pay for that so no.

[Jegileman]

Hello guys !

I want to discuss the best way to save and stack our crypto !
As exchanges doesn't protect our anonymity any more and they are being more and more regulated ! It is not any more the crypto philosophy at all !

Exchanges are getting their regulations more strict and making their KYC more severe than ever before. This shows a completely different way we want cryptocurrency to be seen. With this method, we can’t stay true to crypto roots and been anonymous in whatever transactions we’re carrying out on the crypto space.

I was thinking on going on cold wallet as Ledger and stack on protocols like lido or rocket.
I want to know your opinions !

Ledger is a good option for cold wallet storage. It has a lot of coin options to save with. Since it’s privacy centered, it is good for true ownership and decentralized for your own use. Other good option for cold wallet storage is Trezor, which is an open source to the core. It is also very good in terms of privacy, I’d recommend it too for storage and complete ownership of your keys to the wallet.

[Franctoshi]

Exchanges are never the best place to store cryptos in the first place, the main purpose of Exchanges are for trading cryptos ,that's buying and selling, they provide p2p platform for people to come and trade and not for storage, so some get to understand, but some people think they're there for you to store your cryptos because they provide Apps. Any coin on exchange is as not your own ,I remember platform my friend stored his coins, he just wake up one day to check his portfolio and they're gone till today, and those funds were no way to be accessed even there Apps no longer exist. Not your keys never your crypto. Who holds the key is control.

[aoluain]

.

You advice more Trezor then Ledger ?

It's better to buy Trezor than a Ledger hardware wallet. Few reasons is that it's closed source and then you might get into their ledger recover for allowing them to know your keys. They're saying that it's encrypted and you even have to pay for that so no.

yes its been widely reported that Trezor trumps Ledger in terms of wallets
and the OP is definitely on the right track with staying clear of exchanges and taking
full custody of their coins.

Hello guys !

I want to discuss the best way to save and stack our crypto !
As exchanges doesn't protect our anonymity any more and they are being more and more regulated ! It is not any more the crypto philosophy at all !

Exchanges are getting their regulations more strict and making their KYC more severe than ever before. This shows a completely different way we want cryptocurrency to be seen. With this method, we can’t stay true to crypto roots and been anonymous in whatever transactions we’re carrying out on the crypto space.

I was thinking on going on cold wallet as Ledger and stack on protocols like lido or rocket.
I want to know your opinions !

Ledger is a good option for cold wallet storage. It has a lot of coin options to save with. Since it’s privacy centered, it is good for true ownership and decentralized for your own use. Other good option for cold wallet storage is Trezor, which is an open source to the core. It is also very good in terms of privacy, I’d recommend it too for storage and complete ownership of your keys to the wallet.

No need to consider "other coins" the OP should be really only be considering Bitcoin.

A heads up on alternatives to exchanges when buying Bitcoin and without
KYC - I can recommend https://peachbitcoin.com/index.html if you are in Europe and
https://hodlhodl.com

[kotajikikox]

Thank you for your respond.
Exchanges were not asking for KYC in the earlys but they are being more and more regulated it is becoming useless to be on an exchange if you are a bitcoin philosophy lover.

Just think of it that the majority of the exchanges are asking for verification(KYC). If there are those that don't ask on it anymore, later on they'll have to do it. We've seen it how binance became like that.

There are still crypto exchanges that pride themselves in being decentralized. I heard that dYdX an ethereum based exchange is one of if not the best decentralized exchange out there. Maybe because the government hasn’t heard of them yet that’s why it’s still decentralized but for now there are still such exchanges.

[avp2306]

Thank you for your respond.
Exchanges were not asking for KYC in the earlys but they are being more and more regulated it is becoming useless to be on an exchange if you are a bitcoin philosophy lover.

You advice more Trezor then Ledger ?


Thank you bro

Maybe best for you not to get afraid on the regulation happened especially if you didn't do anything wrong online.

Also try to adopt on the situation since those KYC thing became normal and this becoming part of the government acceptance of Bitcoin also with other crypto's in the market.

Both wallet you are mentioning is safe, but also it will depends or matter on how you handle your devices. Since after all the best security is to be aware of many potential risk and don't click any random online that can possibly put us on any serious harm.

[Alphakilo]

Thank you for your respond.
Exchanges were not asking for KYC in the earlys but they are being more and more regulated it is becoming useless to be on an exchange if you are a bitcoin philosophy lover.

You advice more Trezor then Ledger ?


Thank you bro

Maybe best for you not to get afraid on the regulation happened especially if you didn't do anything wrong online.

Also try to adopt on the situation since those KYC thing became normal and this becoming part of the government acceptance of Bitcoin also with other crypto's in the market.

Both wallet you are mentioning is safe, but also it will depends or matter on how you handle your devices. Since after all the best security is to be aware of many potential risk and don't click any random online that can possibly put us on any serious harm.

KYC is definitely a requirement to not be omitted if one intends to hold Bitcoin or any other crypto currencies for long or short term. In the case of using a cold wallet, if is always a good idea for long term investment plan but the important thing to note is the key phrases which should never be forgotten.

I suggest OP starts slow and have a well defined set out plan, because the market scenarios may try to disuade you from maintaining discipline while investing and it is part of risk management practices that is demanded to be successful at saving your crypto currency for great returns.

[Donneski]

The whole point of crypto was to stay decentralized and free from unnecessary control. Cold wallets are definitely the best move if you care about security and privacy. Personally, I keep most of my coins offline and only leave a small portion on exchanges for trading. Unless you're trading, exchanges shouldn't be where your coins are kept. As for staking, Lido and Rocket Pool are great but remember that even decentralized protocols come with smart contract risks.

[woez]

Can we stack big amount for years on lido ? And still be unworried ?

If I'm not mistaken, it seems you've already done so. If you're comfortable with the process there i think you can proceed. By the way, I'm also curious to know if you're confident the protocol will be consistent over the next five years or more, as we inevitably need to independently monitor our assets there, especially given the substantial sometimes the value is quite large too.

[BlackBoss_]

I want to discuss the best way to save and stack our crypto !
As exchanges doesn't protect our anonymity any more and they are being more and more regulated ! It is not any more the crypto philosophy at all !

You can buy bitcoin in person, direct trades, peer to peer trades or buy bitcoin on non KYC exchanges if you care about privacy and dislike KYC.
https://kycnot.me/?currency-mode=or&currencies=btc&attribute-mode=or&attr-84=yes

It is very right that exchanges don't care about user privacy.
Reminder: do not keep your money in online accounts.
Why KYC is extremely dangerous – and useless.
Events made you scare about custodial wallets, centralized exchanges.

I was thinking on going on cold wallet as Ledger and stack on protocols like lido or rocket.

What is lido or rocket?
I don't know about them.

About cold wallet, don't use Ledger, it's close source and it has big drama with Ledger Recover service years ago.

Choose open source hardware wallets like Trezor and the others in this list.
[LIST]Open Source Hardware Wallets
[GUIDE] How to buy a Hardware Wallet the right way.

[5W-KILO]

Thank you for your respond.
Exchanges were not asking for KYC in the earlys but they are being more and more regulated it is becoming useless to be on an exchange if you are a bitcoin philosophy lover.

You advice more Trezor then Ledger ?


Thank you bro

All crypto exchanges are now making KYC requirement a must, I guess regulation is getting the best of them but it changes nothing for us traders and investors, it ruins our privacy, Any centralised exchanges can manipulate the market or even seize your crypto, if you don't want this to happen you, start considering dex or P2P platform.

Trezor hardware wallet are better because they are open source and they have past clean history compare to Ledger that's closed source and Ledger have some annoying past history that is making investors to avoid them, avoid the likes of Ledger wallets at all cost, make sure you go after non custodial crypto wallets that are fully open source.

[OcTradism]

The exchanges are asking for KYC today more than the past but it changes nothing for us because they are still centralised exchanges, they can manipulate the market still or seize your crypto, if you don't want this to happen you can start using dex or P2P platform.

It has changed many things and have considerable impacts on people who are using centralized exchanges.

The unchanged thing is centralized exchanges don't give users private keys and you know risk of "It's not your key, it's not your coins" with centralized exchanges. This risk exists similarly with no KYC centralized exchanges and KYC centralized exchanges, you are only right about this point.

You are unfortunately wrong about KYC and privacy for users. It has actually changed a lot in a worse direction for centralized exchange users. With mandatory KYC requirements on centralized exchanges recent years, they have no longer had good privacy compares to past years.

[hocuspocus]

DCAing that it buying on every dips and accumulating for a bigger stack. Most investors are profitable on dca. Exchanges offer dca in their program to use their funds to buy on occasions. Hardly there is a day when an investor come up and take profit every hour. Long term investors don't rely on charts to invest their money. Investors seek asylum in crypto friendly countries to make an investment. Bitcoin a fractional reserve asset is hard but banking system ensures people get their fair share of investment back when invested in this accessible and easy to use asset. Crypto by other means is a way to counter government controls and monarchy system in many countries where taxes are high to the commoner.

Big investors though stack and save their bitcoins on industrial grade secure cold storage. Hardware wallets can be hacked but these instituitional grade security ensures bitcoin transactions are secured in the blockchain. Added to scrutiny and daily accounting ensures there is not untoward incident that is not reported to the custody maker.

[8rch7]

Thank you for your respond.
Exchanges were not asking for KYC in the earlys but they are being more and more regulated it is becoming useless to be on an exchange if you are a bitcoin philosophy lover.

You advice more Trezor then Ledger ?


Thank you bro

Nowadays difficult for seeing exchange market not asking for KYC after several exchange have allow regulation from government where exchange build up, I used Kucoin, LBANK, MEXC when regulation not asking for KYC with limited amount for withdrawing but for nowadays asking for KYC for trading, deposit and withdrawing fund. KYC at exchange market is regulated from exchange its self if you won't hold bitcoin or cryptocurrency assets at exchange use wallet and nowadays many kinds of wallet support for every crypto chain.
Recommended save your crypto assets at Trezor or Ledger but most popular using is Ledger, you need purchase of Ledger tool if want save crypto assets there but if you want hold or save at free wallet you can hold at metamask, trustwallet or many kinds of free wallet platform.
Just great secure when holding or saving crypto assets at Trezor or Ledger wallet than using free wallet platform how easily get many kinds of scam sit that wallet its self.

[hocuspocus]

Thank you for your respond.
Exchanges were not asking for KYC in the earlys but they are being more and more regulated it is becoming useless to be on an exchange if you are a bitcoin philosophy lover.

You advice more Trezor then Ledger ?


Thank you bro

Nowadays difficult for seeing exchange market not asking for KYC after several exchange have allow regulation from government where exchange build up, I used Kucoin, LBANK, MEXC when regulation not asking for KYC with limited amount for withdrawing but for nowadays asking for KYC for trading, deposit and withdrawing fund. KYC at exchange market is regulated from exchange its self if you won't hold bitcoin or cryptocurrency assets at exchange use wallet and nowadays many kinds of wallet support for every crypto chain.
Recommended save your crypto assets at Trezor or Ledger but most popular using is Ledger, you need purchase of Ledger tool if want save crypto assets there but if you want hold or save at free wallet you can hold at metamask, trustwallet or many kinds of free wallet platform.
Just great secure when holding or saving crypto assets at Trezor or Ledger wallet than using free wallet platform how easily get many kinds of scam sit that wallet its self.

Big exchanges tend to attract customers first few years and then increase practices like KYC when volume becomes stagnant. It is normal procedure for any crypto business. Wallets are mostly free of identification if they aren't offering services like cards or fiat.

[BitGoba]

Hello guys !

I want to discuss the best way to save and stack our crypto !
As exchanges doesn't protect our anonymity any more and they are being more and more regulated ! It is not any more the crypto philosophy at all !
I was thinking on going on cold wallet as Ledger and stack on protocols like lido or rocket.
I want to know your opinions !

The only thing that makes sense to save long-term is Bitcoin, because it’s the best form of money ever created in human history.But from what I can see, you’re talking about saving shitcoins don’t do that, because you’ll end up a loser.All shitcoins are scams created to make the founders rich. They’re highly centralized and fully controlled by those founders. There’s no fixed supply, and the founders can always create more tokens whenever they want.
For example, Ethereum has changed its supply policy seven or eight times. The founders can do whatever they want no one can stop them, no one verifies the total supply, and almost no one runs a full node to verify anything.
So be smart stay away from shitcoins.
Only Bitcoin
If you want to keep Bitcoin, use only Bitcoin-only wallets, without shitcoins, like Coldcard or Blockstream Jade.