RE: The Layers Of Bitcoin
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When I read your post I understand that I don't understand anything, how much I have to learn. Thanks for what I'm learning from you now.
Do I understand that Crypto.com can be a reliable wallet?
I'm amused by the statement (which, moreover, is absolutely true and common sense)...
I personally would recommend keeping most of your Bitcoin in a base layer transaction, this can be within a hot wallet or cold storage depending on the amount of Bitcoin or how long you plan to store it.
It's hard for me to believe (but probably because I'm referring to myself) that there are many (ordinary) people who have a lot of Bitcoin.
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LOL Don't worry I am right there with you my blogs are just me learning and thinking out loud and looking for feedback, so we learn together.
I wouldn't say crypto.com the app is a reliable wallet since its a custodial service, they do have their own non-custodial hot wallet you can use and connect to the app if you want that added level of safety I recommend, but I always encourage people to have cold storage like a ledger or a trezor.
I'd say there probably a few thousand people with a large amount of BTC and the rest of us fight over the scraps lol and I'm picking up every satoshi I can
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I understand thank you! I try to document myself from several places and I will follow your blog, of course. Thanks for the wallet recommendations.
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Oh regarding the cold storage physical wallets always try to purchase it from an authorised dealer and check if its authentic before using there are also hardware wallet scams out there so be very careful with your crypto
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Thank you!
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