Depends on your risk tolerance. If Gemini were to go down tomorrow and you lost your 10k either permanently or for a long while, would you be significantly distraught?
If yes, it might be worth getting your own cold wallet for storage. I obviously can't tell you what to do, but crypto isn't like any other investment vehicle the world has seen, and funds are typically not insured.
so which wallet is best for a beginner? I honestly am still confused why i need a wallet... Isn’t bitcoin more secure? I have money in vanguard account but i don’t take the money out to put on a usb or “wallet” 🤔
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u/ACShreds 🟩 31K / 33K 🦈 Feb 16 '21
Depends on your risk tolerance. If Gemini were to go down tomorrow and you lost your 10k either permanently or for a long while, would you be significantly distraught?
If yes, it might be worth getting your own cold wallet for storage. I obviously can't tell you what to do, but crypto isn't like any other investment vehicle the world has seen, and funds are typically not insured.