cross-posted from: https://lemmy.world/post/32693375

Recently my goto crypto market/broker started promoting TRUMP and it’s got me cringing so much that I want to move all my BTC permanently off the platform, but I also don’t really dig the idea of local storage since it would be good to have in an emergency if I ever found myself stranded overseas.

I also don’t want to liquidate my BTC because idk what currency would be good atm but definitely not USD for obvious reasons.

I’ve seen that TrustWallet is highly rated, but they’re no better since Binance is slurping that fascist mayonnaise hardcore.

I’d love to hear your thoughts and suggestions, please leave me a comment.

  • Bobby Turkalino@lemmy.yachts
    8·
    2 days ago

    I see that you don’t like the idea of local storage in case you need to use your coins on the road, but you do know that local storage doesn’t mean your coins are stored on your device, right? It just means your private keys are stored on your device. You should just create a wallet on one device and then copy the private keys to all of your devices.

    If you don’t own your private keys, you don’t own your coins. Use services only to buy/sell, not for storage

    • finitebanjo@lemmy.worldOP
      11·
      2 days ago

      Yes, but then all of my devices, and only my devices, work as keys to large sums of money instead of more traditional means of user authentication. Thank you for your suggestion.

        • finitebanjo@lemmy.worldOP
          21·
          1 day ago

          Yeah because I sure as heck don’t have a server, a backup server, a backup backup server, and a second backup backup server but a billion dollar business does and more.

          Even when Linus tech tips had a setup exactly like that, it failed. The technical requirements for highly secure and reliable long term storage are worth more than the money I have saved in BTC.