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Comment by razemio

Just an addition for non tech users. You should NOT hold your own keys, if you are not up to the task. Consider an exchange with a good record instead and within your "legal region". My recommendation would be Kraken or if you are based in Germany bitcoin.de. Both do not have a single incident which was major and have been doing it for years.

The risk that you loose you coins because you are not able to secure your system is higher, then keeping them on an exchange.

Using a hardware wallet is also a risk. You can loose it, forget your pin or store your backup pass phrase in an unsave / unstable location. For example in a excel sheet or WhatsApp text message to yourself.

parent razemio 4 years ago

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