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Some exhanges like coinbase are basically banks at this point. You open an acccount, you do a kyc, you declare it to the state, and they are submitted to regul
by BiteCode_dev 2y ago
Some exhanges like coinbase are basically banks at this point.
You open an acccount, you do a kyc, you declare it to the state, and they are submitted to regulations in your country.
Coinbase is an expensive one, but way cheaper than micro strategy, and is from y combinator s12 so you know what to expect.
Deal with an exhange directly, it's cheaper, and more flexible. No wallet to manage, and you can handle a few millions before even having to talk to a human.
Of course you lose a lot of advantages of crypto, but you were going to with micro strategy anyway.
Or buy an etf if you really like your bank.
Although I would argue now is the worse time to buy. You had to buy last year, or wait until 2 years, assuming the halving cycle is still relevant, which I believe it is.
It is expected from most crypto holders that we are not that far from the top and the usual crash back is near.
Some my friends are still in, but have placed their exit orders already. I'm already out with a 500% profit and play it safe.
You may be able to get some more, but it's getting riskier by the day.
And maybe the cycle will break, but it's really not what I would bet on.