>he stores his cryptos on a website like coinbase or blockchain enjoy losing everything because you didn't read the terms of agreement line by line and they found a way to legally rob you
>he stores his cryptos in some online 3rd party wallets enjoying losing everything due to some security exploit
>he stores each of his cryptos in their respective offline, 1st-party wallets enjoying doing your own upkeep for each coin and hitting your bandwidth cap trying to stay up to date
>he stores his cryptos in a physical USB ever had a USB stick that kept working past 2 years of use? enjoy losing all of your coins because that piece of shit randomly stops working
>he stores his cryptos on a piece of paper enjoy never being able to spend or reinvest your coins because you've got them stuffed away in some drawer
Levi Wright
>he has no coins enjoy being poor
Andrew Long
what is your solution frog man?
Thomas Gray
not storing your usb on a piece of paper and putting int in a mason jar before burrying it with the ole paintcans on the frot lawn
Logan Moore
>enjoying doing your own upkeep for each coin and hitting your bandwidth cap trying to stay up to date
>implying i have a bandwidth cap
Cooper Wood
enjoy sucking my dick you faggot
Aaron Jenkins
>He stores his crypto in a Nano Ledger S
Am I doing it right, OP?
Thomas Watson
Where you should keep them then?
Jordan Gomez
> not having a ledger nano s and a cryptosteel to back it up
Alexander Moore
Why would you need to backup a ledger? You know the crypto isn't actually stored on the device, right?
Blake Harris
Blockchain.info gives you your private key you noobster.
Jeremiah Hernandez
What you guys think about kraken? Safe?
Leo King
>ever had a USB stick that kept working past 2 years of use? Haven't bought one in years, what are you talking about?
Lucas Garcia
You need to back up the master key.
Juan Garcia
you can't just write it on a piece of paper?
Gabriel Wright
You can, if you want it to be destroyed by fire or water or time, I guess.
Logan Cook
Don't buy this crap
Nolan Stewart
I guess that could be kinda useful. How does it work? You just connect the cryptosteel into your PC then type in the key?
Joseph Watson
Polo exchange has a virtual wallet thats 'cold', so it acts like a vault when you store your fiat.
You really have nothing to worry about.
If you made a million, its safe on polo as long as you have 2FA and transfer it to coinbase within the day; after transfering it to coinbase put it into the Coinbase vault and you'll be alright.
For US citizens, keep it in the vault for 1 year to minimize your tax obligations.
Jace Ward
Cryptosteel is a physical safe designed to withstand nature, you dunce
You never store your backup on a pc
Joseph Long
>For US citizens, keep it in the vault for 1 year to minimize your tax obligations.
How is that specific to the Coinbase vault?Doesn't that just go for holding crypto in general for over a year?
Angel Cox
I've had several USBs last a decade and still work now
Angel Adams
Because your gains are taxable when you convert them to fiat and your bank will surely notify the IRS on such a massive sudden deposit in your account.
As a tax accountant, I recommend just paying the full capital gains tax (as shitty as it sounds), because if you try any shady shit the IRS WILL find out and you will get forced to pay back everything anyways with an additional 30% penalty.
Adrian Hughes
>ever had a USB stick that kept working past 2 years of use? yes, i have working USBs from 2005
Caleb Carter
nocoiner coping skills, clearly the OP has a lot of them
Brandon Rogers
What is shady about paying less than you're supposed to? If you hold it for over a year and include the paper trail it's considered capital gains instead of income tax and should be significantly lower.
Landon Jones
So is a nano ledger s the way to go anons?
Joshua Perry
I don't think he was saying to NOT minimize tax burden, just that you shouldn't try to skirt capital gains and pay the full amount you owe including the minimized tax burden for holding more than a year
Andrew Hernandez
yup. It even works with MEW pretty well apparently.
Liam Morgan
I have a trezor you nocoiner cuck
Ryder Allen
I take it old school, paper wallets and backup codes stored in a hollowed out book
Ethan Nelson
Shut the fuck up faggot.
I have USB's from over ten years ago.
I just got my BTC back from a 3 year old wallet.dat file i saved in the cloud.
Just save your wallet in a couple save places and ignore this faggot.