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Copying my comment from an old thread because I'm still looking for a satisfying answer: > To the crypto-inclined people commenting on every thread about how f
by polygamous_bat 4y ago
Copying my comment from an old thread because I'm still looking for a satisfying answer:
> To the crypto-inclined people commenting on every thread about how failing centralized exchanges don't effect you and are actually good for Bitcoin, how are you planning to convert your hard earned crypto into US dollars that you can spend at a grocery store? If your answer is "P2P exchanges," how do you plan to secure your cold wallet against the infamous rubber hose cryptanalysis?
- dlubarov 4y agoI think it's prudent to use exchanges as needed, but only transfer assets that you intend to exchange in the near future, and withdraw once the exchange is done. There's still a slight risk, but much less compared to just letting funds sit on an exchange indefinitely. Of course, choosing a reputable, long-standing exchange like Coinbase also helps.