Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: Drago

Do you hold physical coin or is yours is in some account?


20 posted on 11/11/2024 3:57:29 PM PST by Bobbyvotes (Congrats to Trump/Vance team. America has been saved. For a while at least. )
[ Post Reply | Private Reply | To 11 | View Replies ]


To: Bobbyvotes

No “Exchanges”! Practice “Self-Custody”!! You don’t really hold “physical coins”, you hold your “BTC Keys” (encrypted/hashed long #’s). BTC devs made it easier early in the development...(early 2010’s)...you now hold a record/hard copy of your “24-words” (keys) in a safe place (SD box, etc) as your “coins”.

Or use steel to record your keys (safer in case of fire):

https://cryptosteel.com

Exchanges (like Coinbase) can get hacked (Mt. Gox, etc.)...keep your BTC keys in your possession....”Not your keys, not your crypto”.

If you have a need to send crypto/money to relatives/friends in distant lands, keep a small amount of your crypto stash in a mobile wallet or on your PC for transaction purposes.


21 posted on 11/11/2024 4:15:10 PM PST by Drago
[ Post Reply | Private Reply | To 20 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson