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Topic: storing BTC at exchange wallet long term - page 4. (Read 737 times)

sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
February 06, 2021, 03:16:32 PM
#2
Everywhere I read tells me it is not a good idea to leave BTC long term at an exchange wallet.  However, the same people who say that recommend crypto interest earning accounts such as BlockFi or Celsious.  Doesn't make sense to me.  So I should not trust Coinbase or Gemini yet I can trust BlockFi or Celsius to keep my crypto safe?  What?Huh

When you do talk about safe then this would be particular talks about on your coins to be on your own personal non-custodial wallet and once you have
let or stored those coins on 3rd party providers or services then those coins arent your completely and does remove the word "safety" that you've been
talking. About interest on annual basis then they do over 4-5% as far as i remember which you do seem to be worthy on the risk that you've been putting? I think not.
newbie
Activity: 29
Merit: 7
February 06, 2021, 03:10:42 PM
#1
Everywhere I read tells me it is not a good idea to leave BTC long term at an exchange wallet.  However, the same people who say that recommend crypto interest earning accounts such as BlockFi or Celsious.  Doesn't make sense to me.  So I should not trust Coinbase or Gemini yet I can trust BlockFi or Celsius to keep my crypto safe?  What?Huh
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