As you may know I have been getting SUPER deep into Cryptocurrency in the past months.
I wanted to chat today about something that’s been on my mind when it comes to the security of Cryptocurrency and how “being your own bank” can be a bit tricky in reality!
This is something I am working through in my head and would LOVE your input!
Feel free to leave a comment below.
To the moon! 🚀
This is the scary part for most people
100% and it's got to be fixed. Either through education or technology. Or both!
Hopefully I am doing my bit by putting content out on YouTube and educating people.
I only buy cryptos on Coinbase. I want to be able to buy them using dollars and not other cryptos. I'm also not 100% confident that I could transfer bitcoin from one wallet to another successfully.
Coinbase is good, BUT, you don't control your own private key. If for some reason something bad happens, you might lose your coins.
Here's a story about a similar situation I had: https://steemit.com/bitcoin/@jamesbrooks/how-i-lost-over-usd5000-and-a-lesson-in-bitcoin
Yes I know. But I think in the near future, there will be some places that will secure and handle the coins for those who does not know computers well. So, you can use coins easily and safely
Definitely. I think this will be a great solution!