04-14-2022, 05:14 AM
If you plan on leaving CEXes or Coinbase due to the recent insider trading, remember
<!-- SC_OFF --><div class="md"><p>So CoinBase is doing godwork for self-custody right now. While the only way to stop insider trading would be regulation focused on stopping these. (And not regulation fucking over small investors but one can dream). Please consider the following: </p> <p>1) Download all your financial information from Coinbase. Everything they have on you. All your history, you'll need it in a few years if you plan to sell your crypto for your taxes. Getting these documents down the line may be very hard or impossible. So please think about it now, you don't want to end up with the IRS up your ass. </p> <p>2) Then, if you live in a country with good data regulations, ask them to delete all their files about you, if they have files they need to keep for a duration of time, ask them when they'll be able to delete them. Then contact them again when the time is due, so that they delete your data. </p> <p>​</p> <p>Frankly, Cex have already a lot of weight on us, while practical, they are only a step in your crypto journey. Self-custody is hard because you have to be responsible, but financial freedom has a cost. </p> <p>​</p> <p>Good luck out there.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Nostalg33k"> /u/Nostalg33k </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/u2okdk/if_you_plan_on_leaving_cexes_or_coinbase_due_to/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/u2okdk/if_you_plan_on_leaving_cexes_or_coinbase_due_to/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>So CoinBase is doing godwork for self-custody right now. While the only way to stop insider trading would be regulation focused on stopping these. (And not regulation fucking over small investors but one can dream). Please consider the following: </p> <p>1) Download all your financial information from Coinbase. Everything they have on you. All your history, you'll need it in a few years if you plan to sell your crypto for your taxes. Getting these documents down the line may be very hard or impossible. So please think about it now, you don't want to end up with the IRS up your ass. </p> <p>2) Then, if you live in a country with good data regulations, ask them to delete all their files about you, if they have files they need to keep for a duration of time, ask them when they'll be able to delete them. Then contact them again when the time is due, so that they delete your data. </p> <p>​</p> <p>Frankly, Cex have already a lot of weight on us, while practical, they are only a step in your crypto journey. Self-custody is hard because you have to be responsible, but financial freedom has a cost. </p> <p>​</p> <p>Good luck out there.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Nostalg33k"> /u/Nostalg33k </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/u2okdk/if_you_plan_on_leaving_cexes_or_coinbase_due_to/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/u2okdk/if_you_plan_on_leaving_cexes_or_coinbase_due_to/">[comments]</a></span>Kind Regards R