Hotdog
Well-Known Member
Yeah, but Trezor has the best security. Seems like if you had a lot invested you'd want the best security.
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A lot of people use them. Im not sure what the best way is. I just know there is a chance you lose or destroy your wallet or forget your pass phrase and pin and the money is likely gone for good. Thats what a real offline wallet is. You are holding the private keys to your money. You can screw up and lose it. Nobody is going to reimburse you. The risk at the exchange is someone rolls in there with guns and robs them, because they keep almost all of it offline. They are like a bank. I guess they could rip you off too, but maybe you would have a case against them. And they arent likely to do it anyways.
They both have risks, but at least at the exchange its ready to move with a just quick sell button. I dont have to get it back to the exchange to sell it.