It is this time of the year again. I always write the same. HN is not regular people. For a high percentage, CEX wallets are the safer option. There are 1-10 topics of people who are not able to access their wallet anymore each day on r/bitcoin alone. There have been hardware wallets hacks on mass. On an exchange like kraken, coinbase, bitstamp or Binance there is a high chance you wont loose your money, even after a hack. You have apps that work out of the box to watch your investment. You can easily go back to fiat. Most of them now also support tax reporting.
It is this time of the year again. I always write the same. HN is not regular people. For a high percentage, CEX wallets are the safer option. There are 1-10 topics of people who are not able to access their wallet anymore each day on r/bitcoin alone. There have been hardware wallets hacks on mass. On an exchange like kraken, coinbase, bitstamp or Binance there is a high chance you wont loose your money, even after a hack. You have apps that work out of the box to watch your investment. You can easily go back to fiat. Most of them now also support tax reporting.
Because no one cares about the nerdy stuff, they just want Lambos
because crypto is just an excuse to speculate in an unregulated market