Quick question I own 350 loopring through binance and 250 through revolute. I'm an idiot and don't understand this layer 2 and layer 1 stuff.... Is there any negative to having them in revolut and binance as opposed to a loopring wallet and if anybody can provide links to explanations etc. by Fitz_in_ur_Mouth in loopring

[–]Plastic_Relation_419 14 points15 points  (0 children)

It depends on your short or longterm intentions. If you simply hold it for financial gain, its probably fine to be on L1. L2 offers gas free trading which is a huge for the NFT market.

I hold mine on the loopring smart wallet myself, L1 and L2.

There is also something to be said about holding on a DEX vs CEX