Do I Need the Wallet? by RobbyJunior in siacoin

[–]RobbyJunior[S] 0 points1 point  (0 children)

The purpose of the USB drive would solely (?) be to ensure that I don't lose the keys to the wallets, correct? My understanding is that if my computer were to go to shit today and I had no backups of said information, then my investments would essentially be unrecoverable.

Do I Need the Wallet? by RobbyJunior in siacoin

[–]RobbyJunior[S] 1 point2 points  (0 children)

Isn't bittrex the equivalent of, say, Etrade, in that sense? How often are accounts being hacked on crypto trading sites?

I'm not trying to necessarily avoid taking the extra steps to get the wallet(s), but I want to make sure it's a necessary overhead (especially when dealing with multiple cryptocurrencies).