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Holding BTC doesn’t require trust in a single exchange, only trust that it continues to hold some market value. If you have $20K of non-blacklisted BTC you wil
by mattdesl 4y ago
Holding BTC doesn’t require trust in a single exchange, only trust that it continues to hold some market value.
If you have $20K of non-blacklisted BTC you will probably be able to find a buyer somewhere in the world, though the exchange rate might not be as efficient as a CEX like Coinbase.
GP’s logic seems poor though. In US or EU, probably safer to hold up to the insurance limit in local banks. Beyond that, or for higher risk assets or in countries with poor banking infra, crypto becomes a viable option.