[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 36 KB, 600x207, 1_3sCkAsrA6GgeyjXXJe8Xfw.jpg [View same] [iqdb] [saucenao] [google]
20412903 No.20412903 [Reply] [Original]

Where is the best place to take funds off of Binance and store them for long term.

Holding
LINK
BTC
XMR
ETH
BNB

They've been on Binance for ages and I would like to learn how to safely take them off, potentially to a paper wallet.
Don't know how to do this though.

>> No.20412959

>>20412903
Hardware wallet

>> No.20412991
File: 621 KB, 880x744, 520-5206500.png [View same] [iqdb] [saucenao] [google]
20412991

>>20412959
unironically this

>> No.20412993

>>20412959
What if I break it or lose it?
I was thinking if engraving it on some aluminium strips and keeping a couple around

>> No.20413016

>>20412959
Also which would be best out of them? And how can I avoid buying a compromised one

>> No.20413139
File: 68 KB, 884x666, B4CAE25D-D422-45AE-9794-67E36C467980.jpg [View same] [iqdb] [saucenao] [google]
20413139

>>20412993
You keep the backup phrase tucked away somewhere safe, but where you have access to retrieve it. Maybe put it in two locations.

Hardware wallet is literally the safest way to manage your own keys. Don’t talk yourself out of it, find a way.

>> No.20413157

>>20413016
I use Ledger Nano S, and would recommend it. I can’t actually speak about any others.

>> No.20413261

>>20413157
>>20413139
Can I have multiple individual wallet addresses linked to the same hardware wallet so if someone sends me crypto I give them a new address so they can't see the other funds I have?
Also will a hardware wallet be compatible with the different types of tokens that I have?

>> No.20413458

>>20413261
I only keep Ethereum and ERC-20s on mine, and yes there are multiple addresses on the same wallet.

With the software on the device, I believe there are up to 4 types of tokens you can have, but all the ETH and ERCs coins count as one because it’s the same keys.

I don’t see BNB support btw.

>> No.20413916

>>20413458
Okay appreciate that
If there a limit for how many unique addresses I can have on it because obviously I don't want to give people my actual wallet storage address because they'll see what else I have