All of this is giving me a headache. Thank fuck I’ve got United Liverpool later to lose my money on in the good old fashioned sense
Crypto Currency - Believers Only
- Edited
So my Binance account was verified and now it isn’t again for some reason?
##edit Verified again ffs
- Edited
Lol. Am I really supposed to believe that a company registered in the Cayman Islands would have anything to do with money laundering?
Holding large amounts of crypto on exchanges brings convenience to trade but inherent risk.
If you are an investor like me, buy on an exchange then withdraw to a person wallet, software or hardware.
There are different types of wallets, some hold many different cryptos, others just one like Yoroi for ADA.
Why would you use Yoroi? You can stake your ADA to earn 5-6% APR per year to earn passive income, alongside the price action.
By moving crypto to a personal wallet you are taking control of it, and you are fully responsible. Just basic good housekeeping and you will be fine.
If you are dabbling with <£1000, then you could argue is it worth taking it off an exchange? Up to you.
Good thread about what likely really happened with Musk and bitcoin:
- Edited
LT42 Staking is similar to depositing into a savings account and earning interest, but in this case you stake the coins and earn a yield from it. There are numerous smart contracts where you can stake coins, exchanges such as binance also allow staking. One thing to remember is that the yield is variable so can go up and down and is not fixed. Typically some coins offer yields of 100%+ but as more people enter the staking contract the yield reduces.