04-04-2022, 04:53 PM
Idgaf... I'm leaving my coins on an exchange where it is insured... Too many scams o
<!-- SC_OFF --><div class="md"><p>Last night several threads warned about Trezor phishing scam and almost on cue, today I read a post by 7 year crypto veteran that he fell for it and lost everything, about $72,000 in Bitcoin.</p> <p>It can happen to anyone. You're tired, arguing with your gf, distracted, etc... nobody is perfect. He lost everything. I can't afford that. Shit gives me nightmares.</p> <p>I've been intending to buy a Trezor for some time now, but I keep hesitating. I've been so nervous about the whole thing. What if I lose my seed phrase? I live n NYC, someone breaks into my apartment, a fire, collapse, etc.. call me paranoid.</p> <p>Now that Coinbase One offers insurance, I'm not even going to worry about cold storage. I sleep better this way. I don't care about all the "not your keys not your coins" arguments. I have a legally enforceable contract with Coinbase now that I pay for.</p> <p>True, it's price is kinda steep at $30 a month, but to me it's worth it. It comes with no trading fees which sweetens the pie. Also comes with "priority" customer support, which I tested and only had to wait 2 minutes before I was speaking to a live agent.</p> <p>So yeah, fuck that. I'm just too paranoid. If US gov ever looks like it's on the verge of collapse, then yeah, I might put it in cold storage before I bounce out of the country. Until them I rest easy with my coins insured on an exchange.</p> <p>Let the hate begin...</p> <p>​</p> <p>EDIT 2: As mentioned, I live in NY. Only CB and Gemini are available here. Kraken and CDC and Binance are not available in NY. I know that CDC also offers insurance up to $250K and they don't charge for it so long as you use 2FA and whitelisting. </p> <p>​</p> <p>EDIT 1: Here is a link to the Coinbase Insurance T&C for those who have been asking for it.</p> <p><a href="https://www.coinbase.com/legal/user_agreement/united_states#coinbase-one">https://www.coinbase.com/legal/user_agreement/united_states#coinbase-one</a></p> <p>​</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Vaginosis-Psychosis"> /u/Vaginosis-Psychosis </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tvmtda/idgaf_im_leaving_my_coins_on_an_exchange_where_it/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tvmtda/idgaf_im_leaving_my_coins_on_an_exchange_where_it/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Last night several threads warned about Trezor phishing scam and almost on cue, today I read a post by 7 year crypto veteran that he fell for it and lost everything, about $72,000 in Bitcoin.</p> <p>It can happen to anyone. You're tired, arguing with your gf, distracted, etc... nobody is perfect. He lost everything. I can't afford that. Shit gives me nightmares.</p> <p>I've been intending to buy a Trezor for some time now, but I keep hesitating. I've been so nervous about the whole thing. What if I lose my seed phrase? I live n NYC, someone breaks into my apartment, a fire, collapse, etc.. call me paranoid.</p> <p>Now that Coinbase One offers insurance, I'm not even going to worry about cold storage. I sleep better this way. I don't care about all the "not your keys not your coins" arguments. I have a legally enforceable contract with Coinbase now that I pay for.</p> <p>True, it's price is kinda steep at $30 a month, but to me it's worth it. It comes with no trading fees which sweetens the pie. Also comes with "priority" customer support, which I tested and only had to wait 2 minutes before I was speaking to a live agent.</p> <p>So yeah, fuck that. I'm just too paranoid. If US gov ever looks like it's on the verge of collapse, then yeah, I might put it in cold storage before I bounce out of the country. Until them I rest easy with my coins insured on an exchange.</p> <p>Let the hate begin...</p> <p>​</p> <p>EDIT 2: As mentioned, I live in NY. Only CB and Gemini are available here. Kraken and CDC and Binance are not available in NY. I know that CDC also offers insurance up to $250K and they don't charge for it so long as you use 2FA and whitelisting. </p> <p>​</p> <p>EDIT 1: Here is a link to the Coinbase Insurance T&C for those who have been asking for it.</p> <p><a href="https://www.coinbase.com/legal/user_agreement/united_states#coinbase-one">https://www.coinbase.com/legal/user_agreement/united_states#coinbase-one</a></p> <p>​</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Vaginosis-Psychosis"> /u/Vaginosis-Psychosis </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tvmtda/idgaf_im_leaving_my_coins_on_an_exchange_where_it/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tvmtda/idgaf_im_leaving_my_coins_on_an_exchange_where_it/">[comments]</a></span>Kind Regards R