Hide my money from my country 2 | Bitcointalksearch.org

Callanta787

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Quote from: bolepo on December 09, 2019, 07:17:28 AM

Hey guys, I never expected to get so much help this fast. So thank you, I considered every one of your suggestions and decided to save both bitcoin and stablecoins for the benefits of each coin with a hard cold wallet.

So now I need a final advise.
1. For my use, do you recommend to use Trezor or Ledger. I know they both good but I just want to make sure. Is there any deal or coupons?

2. As I understood, when using a hard wallet, I won't have to worry about KYC. So in such situation, will you still recommend me to use the DAI coin? or the others that more trusted and reliable like USDC, PAX..

Thanks again.

Trezor and legder are both good but they are physical wallet meaning once an eye is set on it people will know what you are into, this might sound impossible but i prefer offline wallet like paper wallet, you can keep your recovery seed in your head like i did and i cramp the words on a steel too

maydna

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Quote from: bolepo on December 09, 2019, 07:17:28 AM

1. For my use, do you recommend to use Trezor or Ledger. I know they both good but I just want to make sure. Is there any deal or coupons?

2. As I understood, when using a hard wallet, I won't have to worry about KYC. So in such situation, will you still recommend me to use the DAI coin? or the others that more trusted and reliable like USDC, PAX..

I suggested you use Ledger, but you need to observe by yourself. I don't know what coupons will be available so you can get a cheap price.

I recommend you to have USDT, USDC if you don't want to be afraid of the volatility, so you will see that your funds are not changed many times, but you won't have a chance to increase your fiat or bitcoin if you don't have altcoin because altcoin will have time to grow, but that is up to you.

Aabcde

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1. Personally I have never used trezor, so I can only recommend a ledger to you. Because I only use ledger nano s to store bitcoin and eth. During this time no problems occurred.
2. I think whether DAI, usdc, usdt, and the like are safe. In a sense you do not need to worry about KYC which is annoying and time-consuming.

angrybirdy

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Quote from: fuer44 on December 09, 2019, 07:33:26 PM

Quote from: shaheer001 on December 09, 2019, 08:50:05 AM

Hide my money from my country? Actually think you wanna ask how to secure the altcoins especially stable coins, I will suggest ledger hardware wallet which more safe and secure use it and secure you all coins.

all of them recommend hardware wallet, is that the most appropriate choice? I actually prefer Trezor or Ledger because in my opinion a system that is managed online is safer for digital assets. and in this case, USDT could be the right choice to save your money.

What? You prefer Trezor or Ledger, but you are also asking if hardware wallet is the most appropriate choice? Trezor or Ledger is both hardware wallet or offline wallet, users prefer to use it since it is the safest way to store funds.

huu78

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Quote from: bolepo on December 09, 2019, 07:17:28 AM

Hey guys, I never expected to get so much help this fast. So thank you, I considered every one of your suggestions and decided to save both bitcoin and stablecoins for the benefits of each coin with a hard cold wallet.

So now I need a final advise.
1. For my use, do you recommend to use Trezor or Ledger. I know they both good but I just want to make sure. Is there any deal or coupons?

2. As I understood, when using a hard wallet, I won't have to worry about KYC. So in such situation, will you still recommend me to use the DAI coin? or the others that more trusted and reliable like USDC, PAX..

Thanks again.

1. I think there is no, both have the advantages and disadvantages of each set your choice as detailed as possible
2. The stable coin can be relied on in hard wallet do not need to panic if the price trend goes down in the market.

LouVandetta

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Quote from: bolepo on December 09, 2019, 07:17:28 AM

1. For my use, do you recommend to use Trezor or Ledger. I know they both good but I just want to make sure. Is there any deal or coupons?

2. As I understood, when using a hard wallet, I won't have to worry about KYC. So in such situation, will you still recommend me to use the DAI coin? or the others that more trusted and reliable like USDC, PAX..

Thanks again.

I thought I was seeing things when I saw "~~Hide my money from my country~~" oof.

Just as you've said, both Trezor and ledger are a good choice. As long as you're the one who has the "Private key" and will always be, everything's good.

As it's not required you to pass KYC, you don'y have to worry about your information getting leak or something. I'm not really sure which one of the coins you should choose, but the posts above me recommend you quite the thing. Might as well, you do some research on them.

And I believe you already know that both wallet cost you a bit of extra money, I found this when I googled them, might be useful.
https://www.bitdegree.org/tutorials/trezor-vs-ledger/

Quote

Trezor wallet is made from plastic, while the Ledger wallet comes with a stainless-steel body. This gives the Ledger Nano S a more stylish look, but that’s not what’s important. What’s important is the fact that the stainless steel also makes the Ledger Nano S more protected from damage!

barabarian1

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Activity: 938

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storing our coins in a hardware wallet is a good choice. because saving at the current exchange is very risky several times large exchanges such as binance are also hacked.
and I think you did the right thing to divide your money into 2 parts. 1 part for bitcoin investment and the rest is stored in stable coins. and I suggest choosing USDT stable coins. I think USDT has better liquidity compared to DAI. and currently USDT is fourth in the CMC list. so saving money in USDT is the right choice.

fuer44

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Quote from: shaheer001 on December 09, 2019, 08:50:05 AM

Hide my money from my country? Actually think you wanna ask how to secure the altcoins especially stable coins, I will suggest ledger hardware wallet which more safe and secure use it and secure you all coins.

all of them recommend hardware wallet, is that the most appropriate choice? I actually prefer Trezor or Ledger because in my opinion a system that is managed online is safer for digital assets. and in this case, USDT could be the right choice to save your money.

tiptopgemdotcom

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Quote from: bolepo on December 09, 2019, 07:17:28 AM

Hey guys, I never expected to get so much help this fast. So thank you, I considered every one of your suggestions and decided to save both bitcoin and stablecoins for the benefits of each coin with a hard cold wallet.

So now I need a final advise.
1. For my use, do you recommend to use Trezor or Ledger. I know they both good but I just want to make sure. Is there any deal or coupons?

2. As I understood, when using a hard wallet, I won't have to worry about KYC. So in such situation, will you still recommend me to use the DAI coin? or the others that more trusted and reliable like USDC, PAX..

Thanks again.

You can use whichever hardware wallet suits your needs, if you don't want to bother yourself with KYC, just use Trezor. The expensive prices don't mean the product will worth quality. Stay away from the stablecoins, unless you are sure about backup.

cytpoway121

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Quote from: bolepo on December 09, 2019, 07:17:28 AM

2. As I understood, when using a hard wallet, I won't have to worry about KYC.
Thanks again.

I want to inform you that using paper wallets also do not require you to do kyc

Kyc only exists on crypto currency centralized exchanges and also idex

Once it is about a crypto wallet
You need not worry about kyc

Wallet such as trust, imtoken etc and yes an hard wallet do not need kyc

sorrros

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It is very difficult to be 100% anonymous. If you bought coin on centralized exchange where you put your name, email or credit card, then you probably revealed your identity and it would be easy to track down that you own the Bitcoins at that address.

jacafbiz

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For me, I will go for Trezor because of the popularity in the space and there is no issue with security. The most important thing is you, all these are tools to help secure your investments but if you are careless with them, there is nothing Trezor team can do your Crypto

tenakha

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If I understood your situation as it was, I think you were right in your choices. Wallet and coin are the kinds that meet your needs.

Quote from: xZork on December 09, 2019, 07:40:21 AM

I think you should keep USDT and Bitcoin, the liquidity of these 2 coins is very good and you can sell these 2 coins in any transaction.

Based on the previous post, he wants to stay away from the KYC requested stablecoins and volatile coins like BTC. He also wants to keep it for 2-3 years that is why looking for a trustable one, but there are some problems in USDT with backing up, which may cause problems in the future.

leatutz

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Quote from: bolepo on December 09, 2019, 07:17:28 AM

Hey guys, I never expected to get so much help this fast. So thank you, I considered every one of your suggestions and decided to save both bitcoin and stablecoins for the benefits of each coin with a hard cold wallet.

So now I need a final advise.
1. For my use, do you recommend to use Trezor or Ledger. I know they both good but I just want to make sure. Is there any deal or coupons?

2. As I understood, when using a hard wallet, I won't have to worry about KYC. So in such situation, will you still recommend me to use the DAI coin? or the others that more trusted and reliable like USDC, PAX..

Thanks again.

From any other stable coin like USDT, TUSD and PAX, Bitcoin will be right to hide your money. No transaction history and no real proof. The main reason benefit is Bitcoin is in low price, this year Bitcoin hit 13K USD. There will have some chance to hit more next year.

Nadziratel

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Actually, there's an easy way to do this. Moreover, it is very easy to remain anonymous in doing so. However, there may be a problem if you agree that you are missing money from your country's tax system.

BitHodler

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Quote from: tartibaya on December 09, 2019, 01:11:10 PM

But let's discuss another situation. If the currency movements in the country are restricted and you want to buy foreign currency, you can choose USDT. But if you want to earn more than you deposit, you can get ETH, btc or bnb ....

The problem with USDT is that you rely on a central entity to make sure that stablecoin is worth $1 which it is today, but what about tomorrow? It's waiting for a total implosion of USDT. It can happen at any time.

People are way better off using Bitcoin or Ethereum because you don't rely on anyone to maintain its value. Yes, it's volatile but I rather hold a volatile crypto than a stablecoin that might not have any value left tomorrow.

Flux0z

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You should look at what XSN is doing. If you wish to enter the crypto world, you'll soon be able to store all of it on Stakenet's new multi currency wallet, from where you can trade inside of it as well, in case you want to exchange BTC for LTC, or vise versa.

Their wallet is built on Lightning, meaning you can exchange with close to 0 fee's, and instantly.

Holding some BTC while it's low will for sure gain you some extra money long term

Good luck

InwardContour

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Quote from: bolepo on December 09, 2019, 07:17:28 AM

Hey guys, I never expected to get so much help this fast. So thank you, I considered every one of your suggestions and decided to save both bitcoin and stablecoins for the benefits of each coin with a hard cold wallet.

So now I need a final advise.
1. For my use, do you recommend to use Trezor or Ledger. I know they both good but I just want to make sure. Is there any deal or coupons?

2. As I understood, when using a hard wallet, I won't have to worry about KYC. So in such situation, will you still recommend me to use the DAI coin? or the others that more trusted and reliable like USDC, PAX..

Thanks again.

DAI or USDC are both OK if you are considering to hold stablecoin, I can't say for a fact which is better. For hardware wallet, I've used both Trezor and Ledger, both are cool but I prefer my Ledger nano since it's more convenient to use. I'm not holding any stable coin for long term, most times I trade USDT pairs since it usually has more trading volume compared to other stable coins and that's the only scenario I hold stable coins short term.

Stargazer

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Good job mate, you made a great decision! But the Ledger hardware wallet, it is convenient to use and looking also very good and easy. Ledger Nano S price is not that high, u don't have any coupon code for it. As you are buying the hardware wallet, don't buy DAI or USDT, buy the USDC, the best one or TUSD or PAX! Good Luck.

tartibaya

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It doesn't make much sense in my opinion to get a fixed crypto deposit. But let's discuss another situation. If the currency movements in the country are restricted and you want to buy foreign currency, you can choose USDT. But if you want to earn more than you deposit, you can get ETH, btc or bnb ....

Topic: Hide my money from my country 2 (Read 351 times)