RE: Bitcoin price 080525
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Hello, I have a question that maybe you can help me with.
I have BTC spread across several exchanges and wallets.
A few days ago I managed to transfer a small part to see if it went well. And it went well!
It's in swap.btc in my wallet.
I see you have it in your wallet too.
Is it advantageous to transfer to swap.btc? Is it safer to be in Hive than the other wallets I have? (Exodus, OKX, Binance, blockchain.com).
Sorry, but I haven't quite mastered this finance thing yet. But I also don't want to keep doing something stupid.
Thank you for your attention.
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I don't think that swap.btc can be trusted as much as a wallet. It is fine to buy swap.BTC and keep it in your hive-engine wallet, but there is a minimum to withdrawl as bitcoin, so you are better off swapping swap.btc back to swap.hive and keeping the Hive. I would keep BTC in a BTC wallet you control like Exodus. Although I think its smart to have swap.BTC, its just a smart contract iou. Not your keys, not your coins. The Bitcoin is in a wallet that is controlled by the smart contract. You are doing what I think is smart, which is having a little bit of swap.BTC in your Hive account.
Thank you very much for the clarification.
Yes, I realized that withdrawing to BTC requires a lot of value.
I'll keep what I have in Exodus, which is the largest volume.
Hive is here for the long term-- and I think adding swap.BTC to your Hive account is a good idea.
Yes, I have that idea too. In the event that BTC rises and HIVE falls, I will exchange the difference in HIVE.
Keeping the amount of BTC. I'm just going to put what I have on OKX and blockchain.com into swap.btc. Since I have to wait 7 days because I had it in stake.