Bitconers are pounding the table about "alt season... NOW.. don't miss out". I haven't owned Bitcoin/alts, though I've traded MSTR. 1. What are the safest exchanges for doing business and custody? 2. Some youtube videos talk about wallets... others do not... like depositing cash in an investment account. What's the deal? Any help/links appreciated.
Binance is probably the safest with the lowest fees, then Coinbase and Kraken. Each exchange has their own wallet so you don't have to worry about it unless you completely want full control over your coins and extra security, I suggest a hardware wallet. For the most part, storing your crypto on exchanges is mostly safe as exchanges do have advanced security, but for the most security get a hardware wallet
Bytbit a good one? There's a youtube video on how to navigate the site... seems that might be good for a starter and a reference on how to get things done.
I've heard of them but never tried it. But whatever exchange you use, make sure you verify yourself early. Don't wait until it comes time to sell that you find out they want validation, and then you have to wait for them to verify you before you can sell.
Bybit is a good one, can trade spot crypto assets, as well as some leveraged trading, perpetual futures, bybit is one of the top CEXes crypto wallets are software that hold private keys and also able to connect to the particular blockchain to sign and broadcast transactions, Metamask wallet can connect to most blockchain, Ethereum and L2's and EVM-compatible, Base, Arbitrum, Fantom, Binance Smart Chain, etc For Solana, Phantom is the recommended wallet For Injective and other Atom-derivatives blockchain, Kepler is the recommended wallet Solana is the popular blockchain currently, meme's and all, in the past Binance Smart Chain There's defi (decentralized finance), no signups, all crypto blockchain private key authentication, web3 Within each bockcain, there are DEXes that can do crypto assets swaps and there are crypto banking i.e. deposits/lending for interest and also borrowing/loans using crypto assets as collateral If you "buy" crypto assets from Bybit or any exchange, it is a good idea to withdraw them to your own wallet, also, you do not have to sell at the same exchange, you can use your crypto wallet to deposit crypto assets to PayPal, Robinhood, Coinbase, Kraken, to sell for Fiat and ACH/wire transfer to your bank or if you live in a country that is crypto friendly, there are tons of options to cash out to fiat, via mobile and desktop apps and physical locations and ATM's when depositing crypto assets to any exchange, make sure the particular crypto asset is supported byt the exchange YouTube is your friend for any of the specific terms I mentioned above, tons of detailed explanations, deepdives Good luck Scat, welcome to the dark side if you go through with it. The crypto assets financial system is 24/7 and global, and is worth nearly $4 Trillion surprisingly, many ET'ers believe it's all air and worthless and tulips
That was my initial view... however one needs to recognize that a "thing is a thing" if enough people are willing to support it*. And now that "big money" has joined-in (ETFs, companies adding BTC to balance sheet, etc.)_ so it's unlikely to fade away any time soon, if ever. Illogical to continue refuting, as for now. *The notion of crypto = "a string of numbers investors are willing to pay big bucks to own"... still chills my brain. But it isn't far removed from the world continuing to value the $USD with $Trillions of outstanding debts and obligations which they/we can NEVER repay. IOW... A thing is a thing until it isn't.
It is funny that they don't ask for anything to wire money in, but to cash out the story is different, almost like if they wanted an excuse to block your funds. The possibility to lose your funds is there.
No, you just made that up. Binance has been investigated, audited, and is now in full compliance with federal regulations.