RE: Buying My First Liquid Bitcoin
You are viewing a single comment's thread:
I need to get my BTC into my cold wallet and just leave it there for the time being. I think right now it is still on my mobile wallet and I am not really too comfortable with that. I think the fees are much easier to swallow when you have a large stake. I guess by large staking I am saying 1 full BTC or more. When you are sitting on $55k what is the big deal about having to spend $50 to move it once or twice. For people who are maybe only holding a couple hundred dollars in BTC it can be a huge deterrent. I also might move a small portion of my BTC over to the Kingdoms when they open on Cub. I am still on the fence about that.
Posted Using LeoFinance Beta
0
0
0.000
That's why I always recommend consolidation first, be it on an exchange hopefully you get a kickback for storing your liquidity with them as you keep buying until you have a larger amount. If not, then I'd say rather purchase lightning or liquid Bitcoin and consolidate on a side chain before moving to the mainchain that's what I am doing.
I don't want to risk my BTC on chains I don't fully trust nor know who wrote the smart contract
Posted Using LeoFinance Beta
That makes a lot of sense and sounds like a very smart move on your part!
Posted Using LeoFinance Beta