full image - Repost: I need help guys , MetaWallet , CEXS (from Reddit.com, I need help guys , MetaWallet , CEXS )
Mining:
Exchanges:
Donations:
Hi guys, I've now created a MetamaskWallet and Phantom Wallet and am thinking about storing my cryptos there instead of on the CEXs. The problem is if I send them there and in the future (I hope) my cryptos make big profits, then I have to exchange them for, for example, USDT on the Metamask and then sell them at any time on the CEX, right? Because I've often noticed that if you turn €10,000 into €100,000, especially in a bull run, you have problems with withdrawals on the CEXs and it can be frozen and so on and so on... since you should act pretty quickly in a situation like that, waiting or any kind of difficulties on the CEXs would not be desirable. That's why I was advised to keep my cryptos on hot wallets if I don't have a cold wallet and then in an emergency when things get tough and you have to sell them quickly, you can quickly convert them to USDT, for example, to maintain the value of the crypto. Can anyone tell me if that makes sense? I just can't seem to get to grips with these wallets with the networks and bridges and swapping and all that stuff.
Social Media Icons