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I really want to get a hardware wallet because of these situations, but I'm afraid of two things: (1) I want to be able to get my currencies into USD FAST if n
by wakkaflokka 9y ago
I really want to get a hardware wallet because of these situations, but I'm afraid of two things:
(1) I want to be able to get my currencies into USD FAST if needed. (given that Coinbase is down, a hardware wallet in this case would probably be a lot faster FWIW)
(2) I'm not entirely sure I trust myself to not lose the ledger and paper phrase more than I trust Coinbase or other online wallet.
Somebody convince me otherwise?
- underyx 9y ago>Given that Coinbase is down, a hardware wallet in this case would probably be a lot faster... Other exchanges will be faster in any such case. Coinbase is almost always unstable or down during price crashes.
- Jach 9y agoWhy not just have an encrypted wallet file that you backup remotely? I wouldn't trust myself to not lose the hardware, or the hardware to continue functioning indefinitely. Just use a strong passphrase that you can memorize.
- TTPrograms 9y agoWhy do you want to convert to USD fast? If you're concerned about such short time movements in price it's probably not an asset you want to have a lot of money in...