₿itcoin has gone Parabolic - Software/Hardware Wallet or Binance?
As you are aware or should be, Bitcoin has been known to go parabolic. Right?
In just a few hours on February 18, 2020 Bitcoin spiked up +$335 USD. Parabolic right?
Say it went up $335,000 only to retrace back to $9,500.. in 30 minutes.
How long would it take to grab your hardware wallet and transfer to an exchange? How long will it take to punch in your private keys and get things transferred?
*You only have 30 minutes. I'm sure this would take at least 10.
How long will it take to confirm your ₿itcoin from your software/ hardware wallet to the liquid exchange wallet? Are you signed in? Did you forget your password again?
Both wallet types are nice and I am not against them at the moment, but why take a chance when you can have it all Binance? Stay #SAFU and have confidence with Binance Exchange.
SAFU
https://www.binance.vision/glossary/secure-asset-fund-for-users
“To protect the future interests of all users, Binance will create a Secure Asset Fund for Users (SAFU). Starting from 2018/07/14, we will allocate 10% of all trading fees received into SAFU to offer protection to our users and their funds in extreme cases. This fund will be stored in a separate cold wallet." - Binance
-Mike