Where shud i keep my crypto?

Harnur

Harnur

Regular Member
Premium Member
Joined
Jan 4, 2017
Messages
450
Reaction score
996
I don't want to touch my crypto for the next 1 year.
I don't wish to invest it either.

I just want to store it in some currency and probably sell it after 1-2 years when I need more money.
So,

1. In which currency shud i keep/store my crypto?(something that doesn't fluctuate at all). Is USDT safe?

2. Where shud i store/keep my crypto? Shud i keep it in Binance(or other crypto websites) or buy a personal crypto wallet? Someplace where I can keep and forget without worrying about theft/security.
 
Advertise on BHW
Not sure about number 1
For number 2, buy a cold wallet and put it somewhere safe
 
Usdt should be safe in the sense that it is tied against dollar. However, anything and everything can ultimately fail or become a scam (very unlikely). So, be informed even if you don't want to touch the asset.

As for storage, a ledger nano s should be sufficient for your cause. I bought one recently, and it's a pretty cool technology. It never reveals the private key (normally), so it is much safer. But you should write the recovery seed somewhere, and treat is as you would treat gold/valuable stuffs. Also make sure to put a pin on the wallet.
 
Cold wallets are the way. Don't trust exchanges for long-term holding. Get yourself a Ledger.

Sorry but, WHY would you be holding USDT?o_O You better hold BTC if you want to see more money or go back to fiat and put it under the bed.
 
RottenApple said:
Cold wallets are the way. Don't trust exchanges for long-term holding. Get yourself a Ledger.

Sorry but, WHY would you be holding USDT?o_O You better hold BTC if you want to see more money or go back to fiat and put it under the bed.
Click to expand...
Because, what's the guarantee BTC won't fall down in next 2 years and if I buy BTC, I won't be able to sleep at night, I'll keep checking price frequently.
 
Harnur said:
Because, what's the guarantee BTC won't fall down in next 2 years and if I buy BTC, I won't be able to sleep at night, I'll keep checking price frequently.
Click to expand...
I personally don't think it will ever go back down to the current levels.

But I get it, not knowing what could happen might get on your nerves. I would recommend holding fiat in your bank account as there are rumors USDT is not really backed by US dollars and rumors always have some truth within.
 
Buy BTC and get a trust wallet, store it and forget it.
 
Put it into ETH and then stake it.

You get 6% APR, and you cant touch it.
 
You could also put it into usdc and collect the APY from different places that allow yield farming or other incentives. No worry about that going away for a year.
 
Harnur said:
1. In which currency shud i keep/store my crypto?(something that doesn't fluctuate at all). Is USDT safe?

2. Where shud i store/keep my crypto? Shud i keep it in Binance(or other crypto websites) or buy a personal crypto wallet? Someplace where I can keep and forget without worrying about theft/security.
Click to expand...

1. If you simply want a stable store of value, use any of the stable coins, but not USDT, given all the news that come out regarding your fiat reserve. You can consider also USD Coin - USDC which is a stable coin from Coinbase.

2. Check Coinbase - is US based, listed company and behind it are some great/famous investors. Also, they are some of the most trustworthy in the crypto space. Others to consider are either Gemini or Kraken (both US based as well).
 
Harnur said:
Because, what's the guarantee BTC won't fall down in next 2 years and if I buy BTC, I won't be able to sleep at night, I'll keep checking price frequently.
Click to expand...
Than btc is not for you
Get back to fiat and put it on the bank
Never heard of someone want to "hodl" USDT for 2 years
 
Scorpion Ghost said:
You can split it between btc eth ada and a stable coin or two.

Then if anything dies you didnt lose everything. Youll most likely gain after 1 year because of price increases. You can also earn interest and stake
Click to expand...
if BTC goes down(which is possible). ETH, ADA, and all other coins go down.
 
HydraProxy said:
1. If you simply want a stable store of value, use any of the stable coins, but not USDT, given all the news that come out regarding your fiat reserve. You can consider also USD Coin - USDC which is a stable coin from Coinbase.

2. Check Coinbase - is US based, listed company and behind it are some great/famous investors. Also, they are some of the most trustworthy in the crypto space. Others to consider are either Gemini or Kraken (both US based as well).
Click to expand...
What's the problem with USDT, it's used more frequently than USDC
 
KorporationChaos33 said:
You could also put it into usdc and collect the APY from different places that allow yield farming or other incentives. No worry about that going away for a year.
Click to expand...
Where do i need to keep my USDC to get yearly APY?
 
Advertise on BHW
You must log in or register to reply here.
Sign up now!

Main Menu

Home Main Forum List Black Hat SEO White Hat SEO BHW Newbie Guide Blogging Black Hat Tools Social Networking Downloads

Marketplace

Account Selling Content / Copywriting Hosting Images, Logos & Videos Proxies For Sale SEO - Link building SEO - Packages Social Media Social Media - Panels Misc

Making Money

Affiliate Programs Hire a Freelancer Making Money Pay Per Click Site Flipping

BlackHatWorld

BHW Merch Forum Suggestions & Feedback Introductions Lounge Dispute Resolution

Other

Domain Name Forum IM Journeys Web Hosting Newsletter
Back
Top