Best way to save your crypto !!!

[PrivacyG]

The absolute BEST way is not a Trezor or any other Hardware Wallet.  It is an offline Airgapped computer setup.  If you have a laptop or computer unit younger than 2010 you will probably be able to install a Linux distribution on it and keep it as your Cold Wallet for a long time.  I would do this instead of any Hardware Wallet because it does not require any Third Party software, plugging it in any other device, updates et cetera to make it work or to keep it Secure from the external world.  If you have Electrum installed on an Offline setup, you will be able to spend and receive using QR codes only.

Hardware Wallets are more convenient and require less technical knowledge and less head ache with the setup.  But in my opinion no Hardware Wallet beats an Airgapped computer.  It may be complicated to set it up at first but once you get used to it you will like it.

[GeorgeJohn]

As exchanges doesn't protect our anonymity any more and they are being more and more regulated !

Exchanges is not were bitcoin can be stored, because Exchanges can be hacked at any point in time..And many more has lost their coins through Exchanges kind of storage.

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 recommedndable place that's has the best security to keep your bitcoin safe is hardware wallet, when stored your bitcoin on hardware wallet, then you keep the recovery seed phrase offline for safety and recovery purposes, I think hardware wallet has the best quality of security

[henry_of_skalitz]

^ Best way to do this would be to get your seeds on metal plates and put them in different locations afterward.

[Out of mind]

Currently, exchanges have KYC systems and they are mandatory, which is why it currently does not protect user privacy. When you trade on an exchange, if your privacy is exposed, it is challenging for you.

To protect the privacy of your money, you must use hardware and software wallets, it will provide 100% protection. In my opinion, using Trezor, and Ledger wallets would be great, using them you can keep your Bitcoin investment safe, I prefer these wallets for storing Bitcoin.

[Peanutswar]

Like what we always said in storing in crypto, we do not recommend holding your assets into an exchange for a long time because its a wallet its an exchange so you must need to actively trading your coins as a bridge and then withdraw that funds and transfer to your wallet, there's a wallet such an electrum right there which is free even you are using a desktop or using your phone so its not quite hard to use that if you are planning to store your assets. Also if you will hold other coins there's a lot of wallet right there that is you have the fully utilization with your assets. For me if you can afford to have a crypto funds why not make an investment with your crypto wallet. Currently im using a trezor since pandemic and I dont have an any issue yet. Also I recommend to have a good AV too if you are actively using your device in a daily or transaction base this will prevent for possible attacks.

[SquirrelJulietGarden]

Like what we always said in storing in crypto, we do not recommend holding your assets into an exchange for a long time because its a wallet its an exchange so you must need to actively trading your coins as a bridge and then withdraw that funds and transfer to your wallet

You can lose your cryptocurrency on centralized exchanges by actively trading, and you can lose them anytime and active trading can not save your exchange account's fund. It depends on security of that exchange to avoid hack, and their reputation to keep up good operation and don't harm their users. You can not control anything if you store your cryptocurrencies on CEX.

Active trading can not help your fund there, and I really don't understand your implication.

Reminder: do not keep your money in online accounts

[SOKO-DEKE]

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 !

It is only lack of knowledge that make people store their coins on exchanges. Anyone who has knowledge will never go ahead and store their coins on exchanges, because they know that exchanges will never give them proper security for their funds. Their purpose for using exchanges should only be for trading, but those who don’t have knowledge store their funds on exchanges and think it is the best way to keep their coins.

What is the point of storing your coins on exchanges when someone can have full control of it funds? Another thing is that an exchange can collapse, and when it collapses, it means someone’s coins are gone. So the best option is to store coins through decentralized ways.

[Mahiyammahi]

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 !

Not your key not your crypto didn't you heard this? You can't claim fully that this is your crypto while it's sitting on other platform. Satoshi created this technology so that we don't need to rely in banking technology anymore. We're doing this crypto space centralized by having our full faith on centralized exchagers.

Cold wallet is best and secure option to store your crypto. I will strongly recommend one to use . If your plan is long term and really enthuasist about holding a chunk of bitcoin than go for it.

[vanesha]

The safe way I do it is by creating several wallets and filling them, I think it's safe even if a bad day comes, hackers only get access to one, not the others & avoid storing a lot of money on the exchange, apart from that, also avoid the main wallet making transactions directly

[Asuspawer09]

I mean for sure, stacking your cryptocurrency or Bitcoin on some exchange is not going to be a great idea for sure, even though I have some holdings on my exchange I dont really going to recommend it especially for long term investment so better be safe because its already a huge discussion where people are getting or possible to get there funds freeze on exchanges because it just a custodial platform so you dont really hold the key to your token, it doesnt have some kind of seed phrase something like that, So theoritically at any moment the could freeze your money our stole it if they just wanted to and there was nothing you can do about it.

So the best wallet to stack your long-term investment is still a wallet that has some kind of seed phrase, cold storage, cold wallet, desktop wallet etc. as long as you dont do use custodial wallets, its still going to be a good choice. There are also a lot of popular wallets like Metamask, Phantom, trust that also has seed phrase where you could store altcoins in the market. I think its a better choice rather than just put it on the exchange.

[Z_MBFM]

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 !

Until you can reach a very large amount, you can use a software wallet which is decentralized. And there you will get enough security if you use wallets like electrum. Here everything will be in your own control. But if you reach a large amount, then you can use a hardware wallet. Saving crypto requires your patience and a strong desire to invest. The wallet does not matter, the wallet will matter when you hold a very large amount of crypto.

[Nothingtodo]

You should always remember that only you will have control over your cryptocurrency, so why would there be any third-party control system? If you hold your Bitcoins on a central exchange, then of course it is controlled by a third party. In this case, you cannot claim ownership of your Bitcoins. If for some reason the central exchange freezes your account, you can certainly run into problems with your Bitcoins. If you choose a decentralized wallet and hold your Bitcoins in that wallet, you retain all access and control over your Bitcoins, and no third party can take control of your Bitcoins. So, you need to understand where you are holding your Bitcoins. On a central exchange where you have no control, or in a wallet that you control?

[Orpichukwu]

^ Best way to do this would be to get your seeds on metal plates and put them in different locations afterward.

The metal plate is both water and fire resistant, and when distributing it into different locations, one of the most important things is to make sure that nobody is aware of where it's going to be hidden; it should be kept away from public eyes, not just in different locations.

[colinistheman]

Currently, exchanges have KYC systems and they are mandatory, which is why it currently does not protect user privacy. When you trade on an exchange, if your privacy is exposed, it is challenging for you.

To protect the privacy of your money, you must use hardware and software wallets, it will provide 100% protection. In my opinion, using Trezor, and Ledger wallets would be great, using them you can keep your Bitcoin investment safe, I prefer these wallets for storing Bitcoin.

Please note that Ledger wallets are not fully open source like Trezor or BitBox, and if I remember correctly, their core firmware is still closed source. Additionally, Ledger is controversial in the community and faces strong opposition regarding security and privacy issues. Therefore, it is no longer recommended, and Trezor is a better alternative.

Regarding centralized exchanges, I don't think privacy is a big issue because in reality, not many people really care about it as much as they say. The biggest problem with exchanges is that we don't have full control over our coins. They can freeze, delete accounts, or collapse at any time and our safety is completely dependent on them.

https://www.coindesk.com/tech/2023/05/16/ledger-bats-back-criticism-of-new-wallet-recovery-service

[Tungbulu]

^ Best way to do this would be to get your seeds on metal plates and put them in different locations afterward.

The metal plate is both water and fire resistant, and when distributing it into different locations, one of the most important things is to make sure that nobody is aware of where it's going to be hidden; it should be kept away from public eyes, not just in different locations.

Except you plan to bury them in your bedroom or hide them in your wall, else it still won’t be immune to burglary. Yeah, even after being kept safely in your house, a metal plate isn’t something you can be able to just conceal easily, if thieves happen to invade that house, there are pretty much high chances of those metal plates being confiscated by those thieves.

[Marvell1]

^ Best way to do this would be to get your seeds on metal plates and put them in different locations afterward.

The metal plate is both water and fire resistant, and when distributing it into different locations, one of the most important things is to make sure that nobody is aware of where it's going to be hidden; it should be kept away from public eyes, not just in different locations.

Except you plan to bury them in your bedroom or hide them in your wall, else it still won’t be immune to burglary. Yeah, even after being kept safely in your house, a metal plate isn’t something you can be able to just conceal easily, if thieves happen to invade that house, there are pretty much high chances of those metal plates being confiscated by those thieves.

Not to mention, burying it in the bedroom or hiding it in a safe is not necessarily completely safe. That way we can hide it from the eyes of thieves, the public. But risks still occur if natural disasters or landslides occur.

Overall, no method of storing seed phrases is 100% secure. Each method has its own advantages and disadvantages and preventing unexpected risks such as natural disasters, fires, and floods is not easy. So let's use whatever method we feel is safe enough for us, and it suits the security and weather situation in our area. There is no need to imitate this person or that person, or change the method just because someone says it is not safe, while they and we are not in the same situation, not in the same living space...

[Tungbulu]

Not to mention, burying it in the bedroom or hiding it in a safe is not necessarily completely safe. That way we can hide it from the eyes of thieves, the public. But risks still occur if natural disasters or landslides occur.

Overall, no method of storing seed phrases is 100% secure. Each method has its own advantages and disadvantages and preventing unexpected risks such as natural disasters, fires, and floods is not easy. So let's use whatever method we feel is safe enough for us, and it suits the security and weather situation in our area. There is no need to imitate this person or that person, or change the method just because someone says it is not safe, while they and we are not in the same situation, not in the same living space...

That’s why it’s advisable to split it into different locations. If one location is affected a natural disaster, the others would still be safe right? The chances of let’s say 4 different locations to be affected by landslide or earthquake or any natural disaster simultaneously is almost zero, so that pretty much makes it one of the safest methods.

But sure, I do agree with with you that no method is 100% safety guaranteed, and that’s okay, besides nothing in life offers a 100% safety guarantee, not even life itself, so the best thing is to try the best you can to at least keep them safe to the best of your ability, and that’s just about enough.

[Rustam Meraj]

Please note that Ledger wallets are not fully open source like Trezor or BitBox, and if I remember correctly, their core firmware is still closed source. Additionally, Ledger is controversial in the community and faces strong opposition regarding security and privacy issues. Therefore, it is no longer recommended, and Trezor is a better alternative.

Regarding centralized exchanges, I don't think privacy is a big issue because in reality, not many people really care about it as much as they say. The biggest problem with exchanges is that we don't have full control over our coins. They can freeze, delete accounts, or collapse at any time and our safety is completely dependent on them.

https://www.coindesk.com/tech/2023/05/16/ledger-bats-back-criticism-of-new-wallet-recovery-service

You are right in saying that Ledger wallets are not as safe as their rivals such as Trezor since inner workings is not totally public, and user is forced to believe company, especially due to recent problems that showed that they can maybe get out secret keys, thus safer choice is publicly available Trezor. In case of central crypto exchanges, privacy is not main danger, but control, as once you put your coins on exchange, they can freeze your money or go broke at any moment, and it is reminder that most important rule is always to make sure that you do not leave your coins on exchange to make sure that your safety is not at risk.

[Livingleged]

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 !

Yes I will go with the hardware wallet cus it’s is the most safest for me and the fact that the private keys are safe offline using the cold storage. And making them absolutely impossible for online hackers to attack.
It also prevent them from malware and viruses which really make sense to me keeping huge amount of coin safe.

[HelliumZ]

The safe way I do it is by creating several wallets and filling them, I think it's safe even if a bad day comes, hackers only get access to one, not the others & avoid storing a lot of money on the exchange, apart from that, also avoid the main wallet making transactions directly

There is a valuable saying in cryptocurrency that says that keeping all cryptocurrencies in one wallet is just as risky as keeping all your eggs in one basket. For this reason, it is considered safer to keep multiple wallets rather than one wallet, because in this case, if one wallet is compromised or hacked, the remaining wallets will remain safe for the time being. If one wallet is hacked, your other wallets will be considered your assets, but if you keep them in one wallet, all the cryptocurrencies will be hacked if it is hacked.