Hide my money from my country 2 - page 2.

CjMapope

legendary

Activity: 1820

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~Full-Time Minter since 2016~

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.

ledger for sure imo, they have a tried and tested system for key generation AFAIK. ANd dont worry about coins like DIA, if you want a stablecoin just stick to USDT (tether). its the most accepted.
just dont buy one of those ledgers off ebay or some shit, wait to buy direct, even if sold out, just place order and be patient. its worth it
those ones you buy online can be backdoored or have the keys already compromised somehow :O very sketchy haha
Welcome to BTC!

Rosilito

sr. member

Activity: 658

Merit: 274

Wish for the rain? Then deal with the mud too.

Hey man. I am not totally updated with Trezor till now but I highly suggest to you to use Ledger over Trezor.
Though they are both good. But Ledger has the edge over Trezor. In terms of looks, Ledger has a more stylish look over Trezor. Ledger has a stainless steel body while Trezor is not and in addition, Ledger is supporting multiple coins than what Trezor has (I am not totally updated with Trezor but because way back it has few ). Though they are both good, I just like the looks on what Ledger has because it is more protected.

As for the coin, stick with DAI man. Though if you don't want any third party to have control over your funds. Otherwise, use USDC.

Congyang

full member

Activity: 882

Merit: 110

I use the Nano Ledger hardware wallet and it is still safe to store my assets. to be used as one of the stable kdp USDT might be my choice, although there is no choice on your list but you can make it as an alternative choice

enhu

legendary

Activity: 2492

Merit: 1018

I have no experience storing a stablecoin in my wallet but I don't either have a hardwallet. I prefer to install a desktop wallet which basically still works like a hardwallet for me.

Many of us are also into avoiding KYC but this is going to be difficult to avoid if you are going to cash out. If its just the KYC that you are avoiding, you still can do it with your laptop. Serves the purpose of hiding your money.

Nalbo

full member

Activity: 874

Merit: 125

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 is arguably more reliable that USDC or PAX. If you really want a decentralizaion, you could buy a number of crypto rather than a stable coin as most of the coins are cheap today and are highly likely to increase in price in the future.

mrdeposit

hero member

Activity: 1358

Merit: 509

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?

Wallets like Trezor and Ledger are among the best hardware wallets in the present situation. Use this link to learn more about what you have highlighted and more of this type of wallet: https://blockgeeks.com/guides/best-hardware-wallets-comparative-list-blockgeeks/

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. 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..

If you are looking for stable coins that do not require KYC, yes DAI is more convenient.

Quote

In summary, the project brings the following benefits:
-One Dai will always be worth $1.
-No government or other centralized authority can shut it down.
-No individual can control it.
-Like other cryptocurrencies, it can be exchanged directly bypassing all middlemen.
-It can be traded freely as any other ERC-20 token.
-It brings trustless stability to the volatile crypto ecosystem.
-Anyone from any place in the globe can receive and send it just by having an Ethereum wallet.

For more information please look here: https://cryptonews.com/coins/dai/

safari88

legendary

Activity: 1960

Merit: 1026

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. currently i use trezor for more than 2 years and everything went smoothly but for the coupons, i don't know where to find it.

can you just lock your old thread?

Blackdeath

sr. member

Activity: 910

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

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.

My suggestion is you should used a ledger wallet as a hardware wallet rather than trezor because ledger wallet is more stylish and cheaper for me, but they are both safe when it comes storing your funds. Also, it depends on you what coin would you choose or use because i am not a huge fan of those coins, the coins that i only used are LTC, ETH, XRP, BCH, and BNB.

GideonGono

hero member

Activity: 2086

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

Using a hardware wallet is a smart choice, you will have the right to make complete decisions about your assets without having to worry about anything. Don't put your money on transactions as many transactions are insecure and even Binance has been hacked by hackers.
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.

Be wise by your coin because if it would hacked, for sure you'd never bring it back and back to start. Create or find a wallet that you'd know have the most possible security that has a less chance that other would get it.

Greatchu

member

Activity: 490

Merit: 10

You can easily get yourself into trouble doing this friend, tax evader are criminals and it depends which country you are from, for some countries its a serious crime i advice not to do this at all, you can think you are safe and something unexpected will just give you away

dimonstration

hero member

Activity: 2716

Merit: 698

Dimon69

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.

I use Trezor, though they are both a good hardware you can use any of them as long as they are legit and original. Regarding the subject hiding. It will only be applicable if you keep holding as once you plan to cashout it some fees or taxes will be added too depending on your country.

ryzaadit

legendary

Activity: 2660

Merit: 1261

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 believe the reason why he wants to hide his money because want to avoid a tax from the government itself.

Some of the people using store all of the money earned to cryptocurrency just want to be avoid a tax from the goverment, most of them using "Monero" to hide their money. Because "Monero" its a privacy cryptocurrency kinda hard to track the fund.

Source : https://hacked.com/monero-the-perfect-tax-shelter/

Lagduf

sr. member

Activity: 1162

Merit: 260

1. i have been using trezor from 2017 and i never get a big problem with it. It has a very good security and compared with ledger and we never see a vulnerability has already discovered in trezor.

2. You will not have to worry about KYC because you are the owner of the wallet and who can control your wallet. There is no way to take over your wallet without the vulnerability that makes someone able to take over your wallet.

DAI is still a good choice for you.

shaheer001

full member

Activity: 1274

Merit: 100

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.

ansi

sr. member

Activity: 882

Merit: 254

Since you'll be storing mainly stable coins, why not simple convert them into fiat?
stable Coins are also not that "stable " to be honest & anything can happen to them & becomes worthless.
If i MUST i would simply change the big chunk /portion into fiat, that's teh safest man
.

As for your hard wallet, i would be using it for some portion of stable coins (USDT, USC, BUSD) & use it when you wanna try / invest again.

ryzaadit

legendary

Activity: 2660

Merit: 1261

[1] As long you know how to use and you have full control of your asset (Private key) using a Trezor, Ledger or Software Wallet its ok just choice was suitable for you.

[2] It depends on the purpose you holding the cryptocurrency, if you want to hold with the long term without worry about the volatility from cryptocurrency stable coin was always the best option. But if you want to make a profit and doing a trade or investment with a long term you can try to buy and store a major coin.

White Christmas

sr. member

Activity: 882

Merit: 258

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Quote from: kolonel_x on December 09, 2019, 07:59:14 AM

Trezor and Ledger are good for using this secure hardware wallet in my opinion and I haven't experienced this problem so this is highly recommended for you.

I think keeping a stable coin is good and reliable.
Do you want to keep only stable coins not other coins?

If you will ask for me then I would keep also other coins just not only thoae stable coins because aI believe that some coins will be also have a good value so I am just holding and keeping those coins that I am getting from bounties and signatures and etc. I can also say that hardware wallet is very secure, as I am using it for some years and I don't encounter yet any problem about using it so it gains my trust and I am suggesting it into my friends so that they can secured their money and earnings through the help of the Ledger.

kolonel_x

sr. member

Activity: 1092

Merit: 250

Trezor and Ledger are good for using this secure hardware wallet in my opinion and I haven't experienced this problem so this is highly recommended for you.

I think keeping a stable coin is good and reliable.
Do you want to keep only stable coins not other coins?

jajorforce

full member

Activity: 399

Merit: 100

Ok. Without KYC hardware wallet is safe to hide your money. I will recommend you to use ledger hardware wallet and for stablecoin TUSD or Pax, because you have little worry about Tether. But I don't recommend you buy DAI Coin.

Rodeo02

hero member

Activity: 1302

Merit: 577

avatar and signature space for rent !!!

Actually there are many option to store your bitcoin and one of them is trezor but you can also use a wallet like mycellium and electrum and many other more those wallet do not need a KYC but the other wallet can only be stored btc.

About the second question i am not fan of stable coin so i do not have really idea if its worth it to hold.

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