Topic: Locking cryptocurrencies to be released in the future (Read 270 times)
Probably not a good idea. Once the price hikes there will be a convenient "hack" on the company and you coins will be tragically lost (or something of that description in most cases). If you want to put down a few grand, find 10 companies and if the value increases dramatically, then one may remain going after that time.
I wouldn't do it with an online service.
You can "time lock" with an hardware wallet and put it away in a safe.
You can "time lock" with an hardware wallet and put it away in a safe.
I was thinking how good it'd be to have some sort of service which locks your cryptocurrencies for as long as you choose, which means that you won't fall for the pressure and sell them off (I'm guilty of that).
I found this service which claims to help you lock your bitcoins for any amount of time: https://coinb.in/#newTimeLocked
I'm unsure about the technicality behind it, but is it truly trustworthy? Is there something similar for ETH, for example?
I'd be willing to lock away a few grand for 10 years, but only after careful research.
I found this service which claims to help you lock your bitcoins for any amount of time: https://coinb.in/#newTimeLocked
I'm unsure about the technicality behind it, but is it truly trustworthy? Is there something similar for ETH, for example?
I'd be willing to lock away a few grand for 10 years, but only after careful research.
Jump to: