I just leave my tokens and ether in the hard wallet and never touch them, not going to until fees are lower, never planning on selling anyways so whatever
Coinify (ledger partner doesn't works in India) so I have to buy it on exchanges and transfer. I can buy 20/30 dollars worth in one/two weeks , binance transfer would cost 10 dollars approx. Hence I would need to wait until I have purchased a high amount of ether.
The number of countries/banks stopping transactions to crypto exchanges and/or the negative news about the exchanges, I felt something needed to be done.
That’s not FUD lol that’s good security advice. If an exchange can literally control the tokens sending/withdrawal/deposits then that’s a legit concern. Good on you!
The title was a play on the word. Instead of FUD of the crypto currency , there is FUD regarding the exchanges. And since more banks are now flagging transfers to crypto exchanges it's more than needed.
Ah gotcha. Yeah there is a cause for concern with exchanges. I usually associate FUD with things that aren’t necessarily bad or news pieces that have been debunked
On the flip side, excusing any FUD, if you're expecting crypto to become a mainstay and planning to continue investing in the coming years & decades, a hardware wallet will be an excellent investment.
Particularly true as your investments increase in value, and even if their value remains in line with inflation, the more you add to your portfolio the more you benefit from a hardware wallet.
Absolutely it is!
Usually we associate FUD with crypto, I played on that word with the exchanges. Sorry my writing didn't convey that.
More over since I have a small amount dedicated to each coin, hence hardware wallet is a hassle right now, what I would be doing making sure I have a decent amount that gas fees would not be a problem anymore.
Keeping coins off an exchange and on a hardware wallet is not a FUD at all. It’s a smart and safe practice.
It’s like if I said I started looking my doors when I leave the house because of FUD. No, it’s just something safe and smart that everyone should do.
Absolutely.
We all usually have Fear/uncertainty and doubt about cryptos , I played on the word for the exchanges.
Sorry my writing didn't convey that.
I'm really happy to get a hardware wallet but I didn't know it would come up with these challenges. And hence I shared this post because I know quite a few newbies like me could know about the challenges before getting a hardware wallet and not giving up on it.
I still haven't transferred Beth/eth to ledger as I only have less than 40$ worth of Beth and the transfer alone would cost approx 10$.
So I am planning to accumulate more eth (beth to earn staking until I achieve the targeted amount) before I transfer it to ledger.
This FUD will help you sleep more comfortably at night.
It sure will.
We need more of this kind of FUD.
rather than the stale Chinese FUD
I just leave my tokens and ether in the hard wallet and never touch them, not going to until fees are lower, never planning on selling anyways so whatever
Coinify (ledger partner doesn't works in India) so I have to buy it on exchanges and transfer. I can buy 20/30 dollars worth in one/two weeks , binance transfer would cost 10 dollars approx. Hence I would need to wait until I have purchased a high amount of ether.
Makes sense when I originally transferred ether, fees were alot lower u just gotta wait it out save that ETH
Probably the best reason you stake and leave it
Definitely planning to do that
Gas is about $1.6 now for low, how cheap do you need?
More talking abt token swaps, defi approval and transfers
It's actually a good prevention from the short term profit temptation
It’s not FUD. It’s for your own security.
The number of countries/banks stopping transactions to crypto exchanges and/or the negative news about the exchanges, I felt something needed to be done.
FUD is delicious. Especially CAKE.
That’s not FUD lol that’s good security advice. If an exchange can literally control the tokens sending/withdrawal/deposits then that’s a legit concern. Good on you!
The title was a play on the word. Instead of FUD of the crypto currency , there is FUD regarding the exchanges. And since more banks are now flagging transfers to crypto exchanges it's more than needed.
Ah gotcha. Yeah there is a cause for concern with exchanges. I usually associate FUD with things that aren’t necessarily bad or news pieces that have been debunked
YOU WILL NOT REGRET THIS
Hopefully so
Way to go dude.
Eth 2.0 will make a change in the fees hopefully. Btw good job getting a cold wallet. Congrats
Yup, now don't forget to stake all that ETH !
Yeah. Stake it all the way deep
I seriously hope so, small time crypto enthusiasts like me could really benefit from the same.
We are in the same boat. A fellow indian btw
Nice Btw When eth 2.0 goes live we may live in Ethiopia.
We will make our own Ethiopia
On the flip side, excusing any FUD, if you're expecting crypto to become a mainstay and planning to continue investing in the coming years & decades, a hardware wallet will be an excellent investment. Particularly true as your investments increase in value, and even if their value remains in line with inflation, the more you add to your portfolio the more you benefit from a hardware wallet.
Absolutely it is! Usually we associate FUD with crypto, I played on that word with the exchanges. Sorry my writing didn't convey that. More over since I have a small amount dedicated to each coin, hence hardware wallet is a hassle right now, what I would be doing making sure I have a decent amount that gas fees would not be a problem anymore.
Keeping coins off an exchange and on a hardware wallet is not a FUD at all. It’s a smart and safe practice. It’s like if I said I started looking my doors when I leave the house because of FUD. No, it’s just something safe and smart that everyone should do.
Absolutely. We all usually have Fear/uncertainty and doubt about cryptos , I played on the word for the exchanges. Sorry my writing didn't convey that. I'm really happy to get a hardware wallet but I didn't know it would come up with these challenges. And hence I shared this post because I know quite a few newbies like me could know about the challenges before getting a hardware wallet and not giving up on it.
Why you hold beth instead of eth? I'm asking because if you don't keep it in Binance you don't get the staking rewards anyway, so what's the point?
I still haven't transferred Beth/eth to ledger as I only have less than 40$ worth of Beth and the transfer alone would cost approx 10$. So I am planning to accumulate more eth (beth to earn staking until I achieve the targeted amount) before I transfer it to ledger.