logoalt Hacker News

at1as • yesterday at 10:16 PM • 1 reply • view on HN

I think it's been clear for a while now that if you intend to hold crypto, you should probably do it at the biggest, most boring, most regulated institution you can find.

Same goes with startup banks - if you exceed FDIC limits, make sure the difference is in a large institutional bank. Nearly learned this one the hard way.

Trying to save a few basis points in txn fees in very volatile industries comes at a huge risk premium


Replies

jwpapi • yesterday at 11:02 PM

Bro hold crypto for yourself. Like take some ownership, remember 12 words in your mind something and no matter what situation you have some money. Don’t put it anywhere except for whatever transactions you need to do

➕ show 1 reply