Is it still safe to store crypto on Hodlnaut, Gemini with many crypto lender filing for bankruptcy now? Or store in cold wallet?

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Billy

Edited 21 Jul 2022

Development & Acquisitions Manager at Real Estate Private Equity

Store in cold wallet = only dependent on capital appreciation. (Anson shared hard wallets like ledger offers native staking support, so it's actually possible to earn passive income while keeping it secured too)

Storing on hot wallets allow you to earn passive income via staking.

Essentially losing out on 5+% yield annually + the cost of purchasing a cold wallet.

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Not a financial advisor

15 Jul 2022

Cold wallet is overatted for just storing crypto, inconvenient + costly~ just store on decentralise wallet like trust wallet or metamask～ keep the seed phase to urself and u r good

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Bobby Lee

14 Jul 2022

Investor at Investor@Singapore

Do it at your own risk of course, the safest as YJ mentioned would be in a hardware wallet. Whatever...

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