/biz/ - Business & Finance

playing with fire

>>13254610
It’s not that hard bro. Takes 10 minutes.

>>13254610
> owning link
> keeping anything on Binance
Double cringe and scampilled

what's wrong with binance all of a sudden

>>13254642
Don't keep funds on any exchange. Hardware wallets are extremely easy to use if you aren't retarded.

>tfw you have Link on multiple hardware wallets locked in personal safes hidden throughout your house

>>13254642
Do you know the private key for "your" binance wallet?

>>13254610
Smart man

>>13254958
This. If you can't trust pic related, who can you trust?

>>13254635
>It’s not that hard bro. Takes 10 minutes.
how do i do while making sure i cant get hacked? i dont have a ledger and im too scared of fucking something up

>>13254764
Tnks! See u tonight anon!

>>13255376
MEW with private key fgt

These are fundamentals, I got really mad when people told me if I can't learn the basics then I must kms, but that's how it fucking works, get to reading

Learn what a private key is, how you should back it up and protect it, how if you have the private key you can never "lose" your wallet, etc, if you can't do the extreme basics, you will never make it and deep down, you know it

>>13255376
I have a ledger but I'm also too scared that I'll lose the fucking key or get hacked or even lose the fucking ledger. I am absentminded as fuck. I genuinely think it's better for retards like me to keep my link on binance. Of course my binance account could always get hacked...
But seriously I think I'll lose it all if I put it on my ledger

>>13254965
based chink

>>13255456
Best part of block chain is even if you lose ledger your wallet still exists and you just need the private key or seed words to restore on another ledger or anywhere

>>13255456
Get two copies of your private key and store them in two separate safe locations. If you lose one, make a new copy of the second. As for hacking you're far far far more likely to lose your funds on Binance than on a ledger.

>>13255452
Remember to split your LINK. Remember, LINK is the last golden ticket out of poverty and you should never store 100% of your linkies in a single place. As unlikely as it is, someone could hack Binance or even Ethereum itself and steal everything you own.

Thankfully, since LINK is a blockchain-agnostic project, that means it can be stored on ANY chain using ANY wallet in existence! Sergey and Steve actually guarantee this interoperability in the white paper and it is a large part of what makes the project so appealing in the first place. Because of this, I strongly encourage all linkmarines to split their stack evenly across as many of the following as they can muster:

>Ethereum wallet (MyEtherWallet is always good)
>Several different exchanges (Binance, Coinbase, and Gemini are highly trusted) so if one goes down it's not game over
>Bitcoin wallet - Bitcoin is the O.G. blockchain after all and probably more hackproof than any other in existence.
>Monero wallet - storing your LINKs on the Monero chain has the added advantage of obscuring your trade history from the feds. When you finally cash out you won't need to pay any taxes on your LINK stack.
>Skycoin wallet - Storing your linkies in a Skycoin wallet will actually earn you coinhours passively! It's like earning node dividends without the wait or hassle.
>Try looking for little-known crypto projects that might have a fork in their future. If you store LINK on their wallet when the fork occurs, you get free forked LINK!

There are just a few ideas, but there are innumerable safe places to spread your LINK stack out in. As you can see, it's almost irresponsible to keep all your LINK in a dusty old MEW wallet when there's so many perks to storing it elsewhere. Keeping your link spread out like this also helps against the temptation to sell your LINK prematurely during the climb to $1000. Personally, I have my LINK spread out over 8 different wallets and 5 different exchanges, and I've never felt comfier

>>13255690
I stored my link within my own arsehole. best security

>>13254610
Same lol