4 ms·

What's a safe way to buy crypto? Obviously the crypto values can change, but is there a recommended platform? I've considered buying for some time but am always

What's a safe way to buy crypto? Obviously the crypto values can change, but is there a recommended platform? I've considered buying for some time but am always put off by now knowing whether a platform is considered shady or not. I see a lot of stuff about people losing keys or bitcoins and don't know how to safely purchase

ahnick 6y ago
My recommendation would be to get an account on Gemini and purchase crypto through them and then transfer it off to a hardware wallet like Trezor. Since its beginning Gemini has always tried very hard to be fully compliant with US law and regulations, which is not the case for some other popular crypto exchanges. Also, I've been happy with their customer service and responsiveness. At one point I had an issue with a trade executing too slowly. I opened a ticket with them and the team ultimately resolved the issue by issuing the trade at the lower price I saw. In regards to the hardware wallets, I'd buy 2 Trezors and store them in separate locations, so that if something happens to one, then you can still quickly and easily access your coins with the other one. (If you don't do this, then if you lost your Trezor for some reason, you'd have to order another one and wait for it arrive before you could recover and access your crypto)
- alwillis 6y ago
  In regards to the hardware wallets, I'd buy 2 Trezors and store them in separate locations If you're going bitcoin-only, you should consider Coldcard, which is the hardware wallet the hardcore bitcoiners love [1]. Cobo Vault is fairly new on the scene but is also getting rave reviews [2]. If you're going multisig, you should buy hardware wallets from different vendors to guard against a flaw or security vulnerability from any one vendor. For example, Trezor has some issues recently [3]. [1] https://coldcardwallet.com https://coldcardwallet.com [2] https://cobo.com/hardware-wallet https://cobo.com/hardware-wallet [3] https://blog.kraken.com/post/3662/kraken-identifies-critical-flaw-in-trezor-hardware-wallets/ https://blog.kraken.com/post/3662/kraken-identifies-critical...
Sargos 6y ago
Grayscale runs GBTC and ETHE which are both 100% safe and regulated which you can buy from your brokerage. Coinbase and Gemini are both regulated and safe as well.

ahnick 6y ago

My recommendation would be to get an account on Gemini and purchase crypto through them and then transfer it off to a hardware wallet like Trezor. Since its beginning Gemini has always tried very hard to be fully compliant with US law and regulations, which is not the case for some other popular crypto exchanges. Also, I've been happy with their customer service and responsiveness. At one point I had an issue with a trade executing too slowly. I opened a ticket with them and the team ultimately resolved the issue by issuing the trade at the lower price I saw. In regards to the hardware wallets, I'd buy 2 Trezors and store them in separate locations, so that if something happens to one, then you can still quickly and easily access your coins with the other one. (If you don't do this, then if you lost your Trezor for some reason, you'd have to order another one and wait for it arrive before you could recover and access your crypto)

alwillis 6y ago
In regards to the hardware wallets, I'd buy 2 Trezors and store them in separate locations If you're going bitcoin-only, you should consider Coldcard, which is the hardware wallet the hardcore bitcoiners love [1]. Cobo Vault is fairly new on the scene but is also getting rave reviews [2]. If you're going multisig, you should buy hardware wallets from different vendors to guard against a flaw or security vulnerability from any one vendor. For example, Trezor has some issues recently [3]. [1] https://coldcardwallet.com https://coldcardwallet.com [2] https://cobo.com/hardware-wallet https://cobo.com/hardware-wallet [3] https://blog.kraken.com/post/3662/kraken-identifies-critical-flaw-in-trezor-hardware-wallets/ https://blog.kraken.com/post/3662/kraken-identifies-critical...

Sargos 6y ago

Grayscale runs GBTC and ETHE which are both 100% safe and regulated which you can buy from your brokerage. Coinbase and Gemini are both regulated and safe as well.