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It certainly was, until the advent of hardware wallets. I wouldn't quite say its easy enough for Grandma to do it, but it makes things much more secure and its
by shepardrtc 9y ago
It certainly was, until the advent of hardware wallets. I wouldn't quite say its easy enough for Grandma to do it, but it makes things much more secure and its no more complicated than setting up a wallet on your machine (give or take a couple of steps).
- teekert 9y agoI just went through the situation where a family member all of sudden panicked (1 week after I reiterated all disclaimers multiple times, I said BTC is stretched and he already missed all forks that may solve it, etc, etc) and wanted his BTC paper wallet transferred to anything else. 33 hours later and 2 times > 40 euros (> 600 Satoshi/Byte) of transfer cost later the BTC are now USD in Bittrex. Never advice your family anything. If they don't get it, they shouldn't be playing with it. This was certainly my last time, I even think I'm flat out going to refuse to talk about anymore. This week I even received texts that I should act "before Amerika wakes up". It's stopping right now, he either learns the Gdax or I will transfer what's left of his money to his normal bank account (he should be happy it's still almost everything.)
- shepardrtc 9y agoI vehemently advise everyone to stay away from BTC unless you really, really know what you're doing and follow the market closely. Instead, I say to just find a small, cheap crypto that has sound fundamentals and go from there. There aren't many, but they exist.