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16549967 No.16549967 [Reply] [Original]

For liquidity and staking purposes. Is there any risk?

>> No.16549972

>>16549967
better than most exchanges

>> No.16550697

>>16549967
Use the Coinbase hot wallet. It gives you control of your keys and has good backup tools. I would recommend NOT linking your CB hot wallet to your CB account until you're ready to sell. If your account balance is over a certain amount, you're bound to get a notice from the IRS.

>> No.16550734

>>16549967
Don't store anything on coinbase unless you can get verified to level 2. For non US people it's almost impossible to get verified. If you can't get verified to level 2 all your money will get stuck there until the ned of time. I recommend kraken and binance.

>> No.16550764

>>16549967
use a ledger or get rekt, your choice retard

>> No.16550920

>>16550734
How can I tell if I'm level 2? I'm a burger btw and using cb pro mainly. Also thanks in advance, I'll check out the hot wallet.

>> No.16551023

>>16550920
In the CB app under settings > account

>> No.16551407
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16551407

I store 50% of my linkies on kraken, and 50% on binance. It's super easy to get verified on kraken to the level where you can cash out 15 million dollars per month. On coinbase level 1 you can cash out max 10k per day (possibly lower per month).

>> No.16551434

>>16549967
coinbase reports to the irs, youre probably going to give your whole stack away for taxes waiting for link to moon(2-5 years) get it out of there asap

>> No.16551466

>>16551407
Does Kraken report like CB?

>> No.16551544

>>16551466
idk

Even if it does it's still a better option

>> No.16551558

>>16551434
This. Only use Coinbase if you’re a good goy that wants to give 50% of his profits to the IRS

>> No.16551639
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16551639

>>16551558
Short term gains are not taxed at 50%

>> No.16552505
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16552505

>>16551558
Yeah but if I don't sell then I won't have gains.

>> No.16552716

If you are seriously considering ducking the IRS when you owe them a significant amount and when your fucking name SSN and ID are on the exchange you are fucking retarded.