RE: Bitcoin price 080525

avatar
(Edited)

You are viewing a single comment's thread:

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.



0
0
0.000
3 comments
avatar

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.

0
0
0.000
avatar

Hive is here for the long term-- and I think adding swap.BTC to your Hive account is a good idea.

0
0
0.000
avatar

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.

0
0
0.000