Quote:
Originally Posted by Malsua
I have accounts on 4 exchanges.
My link to the real world(i.e.play money/ebay bank acct) is through Coinbase. I buy BTC or Litecoin or Eth and pump it over to one of the other exchanges. I hold most of my value in Coinbase.
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When you say coinbase, I hope you went on to create a coinbase pro account and are doing all your buying / selling / trading over on coinbase pro and not on coinbase--the buy / sell fees on coinbase pro are a lot less compared to on coinbase.
I know everyone says "not your keys not your coins" but I hear just as many horror stories about people losing access to their coins on cold wallets (trezor, ledger, etc.) as I do people losing their coins due to hacks on exchanges. Yea, Mt. Gox happened, but I have to assume that today's major players (Coinbase, Binance, Kraken, Gemini, etc.) are much more secure.
At the moment I've got all my crypto moved over to cold storage @ Coinbase, but if I buy any more I'm going to buy a cold wallet and store all future purchases with private keys.
I like the idea of diversifying and not having all my crypto in any one place.