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How about in your country, is it legal or illegal to use crypto?You can check legality status of cryptocurrency in your nation with
How does the government make its move against CEX?
But now the problem is that when they use the DCA method through their exchange platform it will be very heavy when the withdrawal fee is expensive especially now that the bitcoin transaction fee has touched 289 sat / vB ($17.30).DCA with small capital will require to leave bitcoin on a centralized exchange until a time total DCA value is big enough for a withdrawal from the centralized exchange to a non custodial wallet.
What worries small investors with weekly DCA is when they store too long on the exchange, while moving assets to a non-custody wallet is very heavy in terms of withdrawal fees, so find your alternative way to adjust your needs, unless you DCA once a month and charge a month instead of weekly.Leaving bitcoin on centralized exchanges is not a recommended method. Lessons in 2022 is Terra, FTX, Celcius, Three Arrows Capital, Voyager, BlockFi and more.
Sometimes, we hear of clipboard malfunction: were copied items are sometimes altered. In such situation, would the transaction still be approved ?, Because i guess large number of f people making transfer lacks the patience going through the copied address due to it's length.Because you know some people don't have enough patience to check, double check Bitcoin address before broadcasting a Bitcoin transaction and signing it, I hope you don't belong to those careless people type.
- 1 confirmation: sufficient for small payments less than $1,000.
- 3 confirmations: for payments $1,000 - $10,000. Most exchanges require 3 confirmations for deposits.
- 6 confirmations: good for large payments between $10,000 - $1,000,000. Six is standard for most transactions to be considered secure.
- 10 confirmations: suggested for large payments greater than $1,000,000.
While I do not oppose hardware wallets, I fail to see how they are superior to software wallets. If an individual is proficient in using software wallets, they are unlikely to lose their funds.The best wallet depends on each person, from knowledge, budget, technical practice and even more. There is no same best wallet for you and for me.
Conversely, if someone is not familiar with wallet storage, a hardware wallet will not be of much assistance. It is worth noting that Ledger, a popular hardware wallet, recently experienced a vulnerability that affected many users, causing them to lose faith in the product due to its cloud storage of seed phrases.Ledger is a close source hardware wallet as I noted in my previous post.
The fragments are securely distributed using end-to-end encrypted and authenticated channels to the Hardware Security Modules (HSMs) of three independent companies – Ledger, Coincover, and EscrowTech. Each fragment on its own is a useless set of random numbers.Three entities will have three pieces of your wallet seed phrase, it is not good and safe.
I do not think so. At the end of the year and the holiday season, many people do not tend to speculate, especially with the price reaching a psychological barrier at $44,000, and there is a strong resistance level at $48,000. Therefore, the current time is for the price to maintain a range between $37,000 and $42,000. Then it can There will be a strong trend towards $50,000 before next March.It is right that Bitcoin needs a correction to cool down after rising since 2023.
Why use a hardware wallet?Can I ask you:
Electrum can provide similar security through cold or multi-signature options, it is free, unlike a hardware wallet which comes at a cost. When it comes to storage, it is better to keep everything in your own wallet rather than on an exchange.Electrum wallet is an open source, non custodial wallet and is a good wallet to use. It also allows you to create
If you want to earn interest, you can stake some of your funds on an exchange or deposit them in a pool, but this cannot be considered storage.Don't chase small profit and lose something bigger.
Is it advisable to buy Bitcoin with the little amount I have, or should I rather go for altcoins that my funds can meet up with?.Invest?
The reason why I brought this topic up is that most people buy and store their Btc on centralized exchanges, To I don't think it that safe even when some benefits are attached to itMost people do it does not mean you should do it.
While wallet is not also safe concerning the way you store your security seed phrase. But when come to hacking to me I think wallet is safer thoughBasically, find open source, non custodial wallets to use. Furthermore, checking that wallet has a good history and review from developers, community.
What you guys think?I am a new member here and I don't know how many times, this question was asked in this forum, but generally speaking, it has been asked many times, repeatedly on Internet.
Please welcome aboard. Update the bio information and response with the total number of posts ASAP. The campaign starts immediately.My total post: 1209 (including this post).
Please help me to teleport my account. I can not post url link (perhaps because your forum restriction on my rank).
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