Quote:
Originally Posted by Boston-Sean
Oh brother.
7 of those reasons are general security issues like reusing passwords. The other 2 are crypto common sense. Don't leave your crypto on an exchange and keep you private keys secure. Do that and you are fine.
No idea what expensive exchange transactions you are talking about. Yes exchanges charge fees, just like TD Ameritrade and Fidelity do. Coinbase's fees are in the .5% range. In general. Not that you need to use an exchange. You don't.
And Bitcoin is not untraceable. The Feds do it all the time. It's a poor choice for criminals. There are other crypto's designed for privacy.
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Oh Brother is right.
The bottom line: Tracing crypto-transactions to catch criminals requires immense resources, years of doggedness and lots of luck – and prosecutorial success rarely happens.
https://www.banking.senate.gov/imo/m...%203-17-22.pdf
Must read if you are considering crypto for the first time. Matt Damon is right. It is only for the bold and daring. Not for people who want the simplicity and security of a traditional bank or brokerage account.
10 Axioms That Crypto-Shills Don’t Want You to Know