I have some Bitcoin and Ethereum on Coinbase since 2018. Coinbase never failed me, but they ask for more and more personal details. Last requests made me look for alternatives. I read wasabi is one of the best privacy focused wallets, but what do you use? Im not trying to hide anything from goverment or anything like that, I just want safe place for coins that doesnt feel like someone is tracking every single step I make
Edit: made sentence more clear
Trezor is a solid choice. https://trezor.io
how high are the fees on coinbase these days?
If you want low fees for buying and selling BTC, strike is awesome, supports more countries, and supports Bitcoin lighting which makes tx fees crazy low for sending money to other people or your other wallets. Coinbase doesn’t, so getting BTC off coinbase is expensive as you have to pay main chain fees. Those can be $1-$12 depending on the day.
BISQ is also great, self-custody, and decentralized for making trades, but more complex. Look into it if you trade regularly.
Not your keys not your coins.
If your just storing long term, look at paper wallets. Totally offline is the gold standard, it can’t be hacked
From worst to best places to store your crypto:
- Online KYC exchange
- Online non KYC exchange
- Offline on your computer/phone
- Offline on a USB key/SD card
- Offline on a cold storage like Ledger or Trezor
What non KYC exchange exist today do you know? I guess I could use one in the future when I decide to exchange from crypto to crypto or from crypto to $
What is wrong with a paper wallet? An offline “cold storage” approach
A hardware wallet like the trezor, or if you want to read a bit into what ledger has been doing one of those (they had a few controversial changes)
A hardware wallet is a great option, so is cold storage which you can do with a cheap $50 laptop. Most important is keeping backups. Think about how you will access your coins when your laptop or hardware wallet dies. Think about ways to prevent loss due to natural disaster. Multi-sig and shamirs secret sharing scheme are two ways to store coins in such a way that you won’t lose them if your house burns down without having to trust a single party to custody them.
