I've been following this website for a few months and decided to finally create an account.
I'm from Australia and want to purchase 3 Bitcoin and store them offline in a cold wallet.
I have never purchased cryptocurrency before but plan to invest heavily in the next 12-18 months.
Given the recent collapse of FTX and other exchanges in Australia and around the world I thought it would be best to post here and get your opinions before making any transactions.
I plan on purchasing 3 BTC from a large and reputable exchange (Binance at this stage) and then storing it on a cold wallet.
My three questions are;
1- If I were to transfer my BTC from a cold wallet to a hot wallet would this weaken the security of the cold wallet or increase my chances of being hacked?
2 - Where can I securely buy BTC from without paying ridiculous fees?
3 - What are your predictions for BTC in the next 12 months?
I apologise if I have posted this in the wrong location and for the newbie questions. I will be reading and researching like crazy in the next few months and hope to become a productive member of this forum.
Cheers,
MiliMil