Thing is that I am quite new to cripto and bought some bitcoin with Revolut, I just wondered, whether it is safe to keep my bitcoin there or would it be good to move all/part of it to an external wallet?
Thank you very much for whoever takes the time to read and answer me
Posted by Kamisama_240
2 Comments
safest in a cold wallet away from an exchange!
Revolut works for getting started, but you don’t actually own the Bitcoin there. They hold it for you. If Revolut freezes your account or goes under, you’re stuck.
The old crypto saying exists for a reason – not your keys, not your coins.
For a hardware wallet go with Ledger, for software Exodus is solid. Takes maybe an hour to set up, not as scary as it sounds.
Small amount and just testing things out? Revolut is fine for now. But the moment it becomes real money to you, move it out.