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Sure, I get that. But why on earth keep all of it there? You can keep the majority of your crypto in a private address (hardware wallet, cold storage, metal pla
by NKosmatos 4y ago
Sure, I get that. But why on earth keep all of it there? You can keep the majority of your crypto in a private address (hardware wallet, cold storage, metal plates…whatever) and only transfer/use as much as you’re willing to play/trade/convert.
- mimon 4y agoBecause crypto in cold storage doesn't earn interest and can't be used as collateral for a margin loan. Crypto is full of people looking for to get rich quick with interest rates that are obvious ponzi schemes and/or by taking on insane leverage. They don't want to just put tokens in an offline wallet and watch the market prices.
- yellow_postit 4y agoUp until recently for ETH this was non tenable given the gas fees.
- HWR_14 4y agoHave ETH gas fees come down since the move away from POW to POS?
- yellow_postit 4y agoThey haven’t actually, I thought there was a relationship but in researching more I was wrong. Even more of a reason retail would opt for an exchange then.