Hey guys I’m a big memer here for my posts and usually talk with some of yall in comments. I am 19 and just recently got my ID as I was never able to get one as a minor. I have about $2K (around 2.5M sats) in my cashapp bitcoin, I’ve been flamed for this and Ik I will again but I was gonna change exchanges now that I have an actual id to strike but I don’t want to leave it on there so here I am looking at cold wallets so what do yall think is good and how much do you stack on an exchange before moving it to your cold wallet? I have heavily considered the keystone 3 as I know people with them but don’t really wanna spend that level I was looking into the cold card and also the BitBox 2 lmk
Posted by Arc_ClutchUp
2 Comments
Goood on you for thinking about this early. This is exactly the right move. First thing: 2K is already enough to justify a cold wallet. You don’t need to wait for some huge number. Most people move to cold storage once it’s money they’d be upset losing.
Don’t let people convince you, using cashapp is a bad idea. Cashapp has done a lot for the bitcoin community. I have bought almost all my bitcoin exclusively through Cash App. Just understand the limits, like you can’t withdrawal more the $2k worth a day. So never keep more than that on there. I have been using keep the change, automatic buys, and direct deposit distribution into BTC for years now and it has literally changed the financial direction of my life. You want an inexpensive hardware wallet with actual support, buy a Blockstream jade. I would stay away from products like the keystone and the bitbox. Nothing bad about those companies, they just don’t seem to offer a lot of support. Companies like Blockstream and Cronkite aren’t going anywhere anytime soon. I also use ledger devices as well.