Hot wallets vs cold wallets

P

Poets

Bitcoin halving has recently occurred, and historically the price has rallied soon after...

For those of you that have been in the crypto world for some time, are you a trader or HODLer (specifically regarding BTC)? If you trade, what exchange do you often use? If you HODL, what kind of cold wallet are you using (paper wallet, hardware wallet, software wallet e.g. Electrum etc.)?

What has your experience been regarding withdrawing fiat and cashing out?
 
Vapour

Vapour

Press rewind ⏪
I'm a newbie so I can't answer your other questions. But I've been paying attention since late 2021.
 
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D

darodCapital$

Poets said:
Bitcoin halving has recently occurred, and historically the price has rallied soon after...

For those of you that have been in the crypto world for some time, are you a trader or HODLer (specifically regarding BTC)? If you trade, what exchange do you often use? If you HODL, what kind of cold wallet are you using (paper wallet, hardware wallet, software wallet e.g. Electrum etc.)?

What has your experience been regarding withdrawing fiat and cashing out?
Click to expand...
Perfer holding over trading
Trezor has never let me down.
Bought a Tangem to hold KAS its been fine.
don't buy a Ledger

What has your experience been regarding withdrawing fiat and cashing out? If you withdraw large amounts, such as $50k or more, from Coinbase to your bank account, you should be prepared for your bank to investigate the source of those funds due to Anti-Money Laundering (AML) regulations. Banks are required to ensure that large transactions are legitimate and not tied to illicit activities.
 
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