/biz/ - Business & Finance

[Anonymous No.21420382]

Time for me to move my LINK off of Binance. I have a Ledger but I’m genuinely worried I’ll lose it or something. I’m thinking of moving it all to Gemini and eventually using their Custody service which charges .04 percent in LINK per year a twelfth of which is taken every month. This triggers me because these faggots are getting paid in LINK which might be 1000x more expensive down the line. However it’s probably a lot safer than me sitting on a fucking ledger that can get hacked or broken or physically stolen or I just forget the fucking seed or some bullshit.

What do bros? I am getting to the point where another 10x is life changing money. Gotta protect it.

[Anonymous No.21420450]

nigger I left over 1/4 milly worth of BTC that I made using a linux bootable USB and a copy of Bitcore Core and dumped the private keys onto 2 usb drives and 1 sd card and shoved them in the end of my metal bed post and just put the cap back on it.

making cold storage is easy, don't trust fucking binance.

[Anonymous No.21420488]

>>21420382
Why don't you buy a safe deposit box in your to store your private key? It's like 30 bucks

[Anonymous No.21420492]

>>21420450
you put them all in the same place? are you retarded anon

[Anonymous No.21420533]

>>21420488
>in your bank
Fixed

[Anonymous No.21420538]

>>21420492
pretty much, desu.

[Anonymous No.21420585]

>>21420382

Bro, put it on cold storage, take some responsibility for your own assets..

An exchange is the weakest point in the whole sphere and is 1000000x more likely to be hacked than a Ledger...

You can lose many ledgers as long as your seed code is safe, just put that shit in a safety deposit box if you don't trust yourself to not lose it but ffs get that shit off exchanges now

[Anonymous No.21420757]

>>21420585
How much are the Binance fees for withdrawing? I don’t wanna lose a single LINK so I’m gonna have to top it off once it’s stored.
But fuck man if I fuck it up I’ll very likely rope. It’s a good amount of money right now and I have no fiat to accumulate anything remotely close to my current stack. This will be one of the most intense moments of my life transferring this god damn crypto. I should do it in small batches but I don’t wanna get raped by fees. Fucking kikes why are there so many points of error

[Anonymous No.21420761]

I'm a huge fucking retard and heard stories about people not doing legers right and losing all their shit. I think I'm just gonna keep mine on gemini :(

[Anonymous No.21420783]

>>21420757
are you fucking retarded or something? just copy and paste the address ez as fuck

[Anonymous No.21420801]

>>21420761
Yeah I definitely have to get it the fuck off of Binance because I can’t sell anyways. So it’s either going to Gemini or going to my Ledger. Very torn

[Anonymous No.21420846]

>>21420757
When I was new to crypto I used to "test" my address sending 1% of my funds to test if it was ok before sending all
Do it if you're insecure

[Anonymous No.21420883]

send minimum amount first to make sure you didnt fuck up

[Anonymous No.21420911]

Can confirm shady ledger. Went back to mine after 6 months, numerical password and phrases did not work.

[Anonymous No.21420954]

>>21420757
0.15 Link currently

[Anonymous No.21421004]

>>21420954
Not bad at all. But that’s each withdrawal so it’ll add up.

[Anonymous No.21421052]

>>21420846
i still do this for opsec, I keep $100 in btc on an electrum wallet on my main desktop to see if it gets stolen.

[Anonymous No.21421054]

>>21420757

No fees for withdrawing, only gas fees to send back to exchange so put some ETH on the Ledger too if you want

Just send 1 link to the address to test it out first, just copy and paste it and double check it or even just use the QR code.

Once the 1 link is safe , proceed with the whole stack, it is a bit scary at first, i felt a bit sick the first time I moved mine into storage but you'll get over it and be able to sleep at night because of it lol

[Anonymous No.21421059]

>>21420911
I honestly feel like the chances of the ledger getting physically stolen or hacked are higher than losing it on Gemini.

[Anonymous No.21421100]

>>21421054
Are you sure there are no fees for taking your LINK off of binance?

[Anonymous No.21421433]

>>21420382
>I want it to be safe
>stores it in a wallet that literally is not yours
Anon... Get a ledger, a nice safe and drill it down in your home. Choose a word from the 24 word seed that you'll remember and scratch it out once you know you wont forget it. If you want to be extra secure keep a copy of the now 23 word seed in a safety deposit box as well.

[Anonymous No.21421492]

>>21421100
I just pulled some link from nance the other day. was 0.15 Link withdrawal fee

[Anonymous No.21421510]

>>21420846
I have done this for like 95% of my transfers. A buck or 2 extra in transfer is worth it. I dont know how I'd cope if I fucked it up..

[Anonymous No.21421592]

How much ETH should I keep on my ledger for gas fees? I have 0.0045, is that enough?

[Anonymous No.21421647]

>>21420801
I put mine on ledger. Sent in batches.

[Anonymous No.21421670]

>>21421492
Yeah that’s what I thought no clue what that other anon is talking about

[Anonymous No.21421799]

>>21421492

fucking kek i just realised some people have Link "stacks" smaller than what the Binance withdraw fee used to be (25 LINK)

[Anonymous No.21422016]

>>21420382

[Anonymous No.21422172]

I'm going to buy a trezor and a fireproof safe that will hold the seed phrase and also bury a waterproof case with the seed phrase on my parents property. Is this a decent plan to get my linkies out of CB? Also where should I keep the Trezor?

[Anonymous No.21422215]

>>21420382
>I have a Ledger
Ledger just had a hack or something.

[Anonymous No.21422575]

>>21422215
Wasn't that just the emails and names from their marketing department?
The ledger itself is airgapped, there's nothing you can do to hack it.

[Anonymous No.21422751]

>>21420757
It's about 2.3 dollars per transfer, I'd advise to at least to a little transfer once to test the waters, 2 dollars isn't that expensive to stress a bit less for the hours it might take to transfer everything

[Anonymous No.21422757]

>>21422172
I have no idea whether to get a trezor or ledger

[Anonymous No.21422864]

>>21420757

Always test the new address with a single LINK first jesus. No matter where you are sending it. Gemini sounds legit I might check that out. What instances does the insurance apply?

[Anonymous No.21422868]

>>21422575
>airgapped
What does that mean

[Anonymous No.21422931]

>>21422868
its the space between the top of the legs observed in optimal female humans

[Anonymous No.21422969]

>>21422868
It's physically disconnected from the internet, you can't hack something that isn't connected in the first place.

[Anonymous No.21423257]

>>21420538
not based at all.
Encrypt with pgp then store online
Only decrypt it offline

[Anonymous No.21423312]

>>21422172
You're trying hard to make it look like you're hiding your wallet and making it look more valuable.

[Anonymous No.21423337]

what is the best desktop wallet to use?

[Anonymous No.21423358]

>>21423337
Fuck you.

[Anonymous No.21423446]

>>21421433
Now this is retarded advice. What happens when you forget the word

[Anonymous No.21423506]

>>21423358
tell that to my face

[Anonymous No.21423508]

mfw I have been very stressed lately about security of my Linkies although I have them spread in multiple hardware wallets. I have also memorized my recovery seeds, tested them all with other hardware device. still have to look to my wallets with etherscan multiple times a day to make sure my Linkies are still there.

[Anonymous No.21423514]

>>21422757
I was originally planning on getting a Ledger but they got hacked recently so now I'm going trezor.
>>21423312
Okay then I'll avoid the safe idea. Maybe I'll just divide it into parts and hide it in an old Bible.

[Anonymous No.21423600]

>>21420382
you need to engrave multiple copies of the seed phrase into some metal, that's the only way to know for sure you're seed is safe. USBs can malfunction/be destroyed, cloud storage can go down. Paper can burn/flood. Some sort of metal should suffice, preferably something that won't melt in a house fire. You need multiple copies in separate locations for redundancy. Of course there is a problem of keeping them secure but the chance of someone finding them will be low if nobody knows they exist in the first place, ie tell nobody how much crypto you have or how you've secured it

[Anonymous No.21423653]

>>21423446
it is retarded but not because you can forget the word, but because to bruteforce 2048 words would take less than a millisecond for a computer. Don't do this. You need to leave out at least 6-8 words before it reasonably protected from brute forcing

[Anonymous No.21423654]

>>21421433
>yeah just remove a word
(X possible words) ^ 24 is what makes that seed phrase statistically impossible to brute force hack. removing only one word changes that to (X possible words). Current technology can brute force that very quickly if they grab a hold of the 23 words.

[Anonymous No.21423710]

>>21423508
it's because of shit like this, that you'll actually lose them, because you make it too complicated

[Anonymous No.21423786]

>>21423600
just use shamir secret sharing why the fuck does no one recommend this. you can have any secret be compromised and it doesnt give any information about the other secrets. if you have a 3 of 5 scheme you can have 2 compromised and you seed is still entirely safe.

[Anonymous No.21423811]

>>21420382
>fucking ledger that can get hacked or broken or physically stolen or I just forget the fucking seed or some bullshit.
You literally have no idea how a ledger works

[Anonymous No.21423861]

>>21423710
yes I know. and also I know that my stress and worrying is completely irrational, but I just cant help it

[Anonymous No.21423892]

>>21423358
Hey fuck you Leatherhead

[Anonymous No.21423924]

i would move everything off ledger to an exchange like Binance. much safer that way. Ledger is known to get hacked.

[Anonymous No.21424026]

>>21420488
This and checked...your coins aren’t actually stored inside the ledger. If you have your keys you are fine.

[Anonymous No.21424046]

>>21423924
ledger device is literally just a offline device to generate your seeds. how can that get hacked? I agree that ledger company is a bit sketchy, but thats not how it works

[Anonymous No.21424083]

>>21423861
>Put them on one ledger, in a safe, with a strong pin.
>Put the recovery words in a bank safe deposit box
>Put a good lock on your front door
>Buy a gun
This is about as secure as you'll ever get, and I really doubt you'll lose your precious stinkies that way.

[Anonymous No.21424160]

I'm lazy andblow iq so I just keep them on Binance and hope everything will be fine

[Anonymous No.21424945]

>>21423811
I know that if I lose the recovery phrase and the ledger I am fucked. And I know that if someone else accesses my recovery phrase I am fucked. I also know that to view my balances I have to connect my ledger to a computer with internet and have their software access my ledger which is a potential point of failure

However after seriously deliberating on this for the evening it is apparent that it is much more dangerous to keep my Linkies on an exchange than a ledger. The exchanges can get hacked but more importantly the exchanges can just decide to keep your shit if something happens. You have zero control.

[Anonymous No.21425006]

>>21424945

Use a passphrase? Idk if ledger does it but with trezor you can protect the seed with it. Somebody would need the written seed plus the phrase

[Anonymous No.21425017]

>>21420382
move your LINK off Binance by selling it for BTC and moving that off Binance

https://www.reddit.com/r/CryptoCurrency/comments/i5j0c3/chainlink_analysis_my_thoughts_and_research/

if you wait for the free market to properly determine its value 5+ years, you'll be sitting on poo

[Anonymous No.21425034]

>>21424160
I was doing that for a year but now I have a shitload of money on there. I don’t want to lose it.

[Anonymous No.21425058]

>>21424945

What about Coinbase, still wouldn’t trust them?

[Anonymous No.21425067]

>>21420538
USB's corrupt given a long enough time anon, make sure to cycle.

[Anonymous No.21425246]

>>21420382
Exodus + 2 trezors + paper wallet. 1/4 of your stack on exodus, 1/2 on 2 trezors with pass phrases (compatible with Exodus), 1/4 on paper. Store your wallets securely, if you lose one, 75% of your stavk is still safe. If you lose your wallets, 25% is still safe.

[Anonymous No.21425247]

>>21425058
After Mt. Gox I wouldn't trust any exchange for 100%. My link is worth more than the $250k.

[Anonymous No.21425365]

>>21425247
250k is only for cash dumbfuck. The crypto is in cold storage.

[Anonymous No.21425466]

>>21425246
I still don't understand what this 'paper wallet' is? how is this different from generating seeds with a hardware device and writing the recovery seed in to a piece of paper? isn't hardware wallet just a equipment to safely create seeds for a "paper wallet"?

[Anonymous No.21425689]

>>21425466
Paper wallets are basically just writing your private key on a piece of paper. Impossible to hack when you aren't doing a transaction, but easily vulnerable to a keylogger when you actually enter it. Not recommended.

[Anonymous No.21425766]

>>21425466
Don't use hardware wallets. There's a vulnerability in Link's code, allowing people to do SLQ% injections into your cold storage. If your Links are being used on a hardware wallet, you could easily wake up to see that they've been transferred out by some script kiddie. Several anons have already lost pretty huge stacks to this, even ones they haven't touched in years.

[Anonymous No.21425790]

>>21425689
what is a recommended format of storing your private key? achiavable by someone who isn't a computer nerd

[Anonymous No.21425829]

>>21420801

What's wrong with keeping on Binance?

Are they coin stealing Jews, or do you just not want to leave them on there for long term?

[Anonymous No.21425833]

>>21425766
I'm not that stupid to believe this

[Anonymous No.21425858]

>>21425790
Buy a hardware wallet (eg Ledger) and follow the instructions. Don't worry too much about the technical details, but basically it contains a private key inside it which never gets entered into your computer, so it can't get hacked.

[Anonymous No.21426226]

>>21420450

> has at least $250k
> metal bed posts like a WWII military hospital

treat yourself

[Anonymous No.21426285]

>>21420585

Why do you need to buy a fancy piece of hardware if you can just use a seed phrase

That sounds like a fucking ripoff

[Anonymous No.21426334]

>>21426226
I've cashed out a milly pre-tax, i' from bongland. I rent this shitty place for like 400 a month, it's a tiny tiny "studio" where I just neetmax and it has a nice view. i don't want to upgrade anything, just gonna store my shit at my parents house and do the /jetsetmaxxing/ life and travel for a few years

[Anonymous No.21426366]

>>21426334
2 more transactions too.

previous pic i don't owe any tax i paid it during the run up to 20k and i cashed out.

[Anonymous No.21426671]

>>21425829
I’m a burger so I can’t sell it there if it pumps to something crazy. I have like a 2 BTC daily withdrawal limit so if LINK explodes to $100 it will take forever to get that shit off

[Anonymous No.21427100]

>>21426366

Not bad, not bad. What do you hold now?

[Anonymous No.21427154]

>>21427100
BTC, Link bag, some eth and i recently bought some monero for some reason....

[Anonymous No.21427795]

how do you get it off the ledger? is it just as easy as putting it on? pls spoonfeed.