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RE: The Moment You Send Money To Exchange - They are Not Yours + Some Good Practices (20 000 Followers Special)

in #bitcoin7 years ago

An important tip. I recommend the Ledger Nano S. It was very easy to setup and I feel safer leaving my coins that I want to HODL on my ledger instead of an exchange that might get hacked or shut down at any second.

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Cold storage is a good option too (paper wallets). Just don't loose them! Only if you're going to HODL though as they're offline, and you have to transfer to entire balance out when you want to spend some.

Agreed- it's not easy now, which makes me think that it's a good time to be in the space. I'm sure new tech will make the process easier soon...