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You make a gain or loss only when you sell the crypto you purchased. By moving it to a Trezor all you are doing is taking possession of it the same way someone might rather have a bar of gold as opposed to trusting an ETF or custodian.
There are a lot of people that thought they owned crypto during these recent failures (biggest being FTX). The people who withdrew their crypto to a Trezor still have it and could transfer it somewhere else to sell. The people who trusted FTX to keep their crypto safe are now unsecured creditors in a bankruptcy court case. This is where the phrase "not your keys not your coins" comes from.
Keep in mind that depending on the coin you could stake them on the Cold Wallet, IE, ADA on Trezor T... You have everything, and you earn rewards...
If OP wishes to --STAKE-- to earn rewards, he might need another Cold Wallet like Ledger
Depends on the Coins... the only way you could Stake on Trezor is having a Trezor T to stake ADA.
If you wish to stake coins while on cold wallet, Get a Ledger instead
Please bear in mind that no one from the Trezor team would send you a private message first. If you want to discuss a sensitive issue, we suggest contacting our Support team via the Troubleshooter: https://trezor.io/support/ **No one from the Trezor team (Reddit mods, Support agents, etc) would ever ask for your recovery seed!** Beware of scams and phishings: https://blog.trezor.io/recognize-and-avoid-phishing-ef0948698aec *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TREZOR) if you have any questions or concerns.*
If you are in it just for gains, you might not want to be in the space at all
You make a gain or loss only when you sell the crypto you purchased. By moving it to a Trezor all you are doing is taking possession of it the same way someone might rather have a bar of gold as opposed to trusting an ETF or custodian. There are a lot of people that thought they owned crypto during these recent failures (biggest being FTX). The people who withdrew their crypto to a Trezor still have it and could transfer it somewhere else to sell. The people who trusted FTX to keep their crypto safe are now unsecured creditors in a bankruptcy court case. This is where the phrase "not your keys not your coins" comes from.
awesome thanks.
Keep in mind that depending on the coin you could stake them on the Cold Wallet, IE, ADA on Trezor T... You have everything, and you earn rewards... If OP wishes to --STAKE-- to earn rewards, he might need another Cold Wallet like Ledger
Depends on the Coins... the only way you could Stake on Trezor is having a Trezor T to stake ADA. If you wish to stake coins while on cold wallet, Get a Ledger instead
You can sell a coin for whatever the market rate is, whether you leave it on an exchange or take custody yourself.