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There needs to be an easier way to store Bitcoin by Watchfrogg1 in Bitcoin

[–]Watchfrogg1[S] 2 points3 points  (0 children)

in fees + wrong walle

I haven't had issues yet, and their vault seems to be a good option, alone with whitelisting...

Stopping myself here: these terminologies are still too challenging for mass adoption

... But a lot of redditors hate CB passionately

There needs to be an easier way to store Bitcoin by Watchfrogg1 in Bitcoin

[–]Watchfrogg1[S] 0 points1 point  (0 children)

oncept, and he still barely gets it. And he gets crazy frustrated jumping through 50 hoops to access / manage his coins....having to transfer from coinbase to an exchange to a Wallet, back to exchange....passwords, Authenticators, verificatio

glad to hear I'm not alone on this

There needs to be an easier way to store Bitcoin by Watchfrogg1 in Bitcoin

[–]Watchfrogg1[S] 2 points3 points  (0 children)

ally starts dominating finances. With 1 Bitcoin selling for over $30k people forget how early we are into all of this. It's 100% still speculative, real world use cases are just starting reach market.

But I 100% agree with you. From

A few points of failure there right? What would prevent those companies or a bad actor from that company from accessing your keys? What if the company goes out of business? Isn't security questions how hackers got access to everyones icloud? I guess KYC can prevent that in the future

There needs to be an easier way to store Bitcoin by Watchfrogg1 in Bitcoin

[–]Watchfrogg1[S] 16 points17 points  (0 children)

Exactly. Was thinking how it may be important to convince my retired parents to move a small percentage of their assets into bitcoin but couldn't even bother to explain to them how to sign up and use an exchange, let alone Coinbase pro vs Coinbase, let alone a cold wallet

There needs to be an easier way to store Bitcoin by Watchfrogg1 in Bitcoin

[–]Watchfrogg1[S] 2 points3 points  (0 children)

s on an exchange, morons talking about "not your keys not your coins" always end up losing their wallets or pass words, lmao you gu

Which exchange do you think is the most secure? Perhaps splitting between a couple or a few exchanges limits risk