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TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
79700 posts

Get your Crypto off of any lending, yield, or exchange sites

I didn’t think this was still needed but apparently people on here are getting burned by Voyager after we’ve have a number of threads and posts in crypto threads talking about how this contagion isn’t over and every one of these companies are at risk. How people still had their shite on Voyager after the news about their exposure to 3AC came out weeks ago is mind boggling.

Get all your shite off of exchanges and yield sites immediately. Yes that means Coinbase as well. There is no reason to risk it at this point. There’s really no excuse if another one goes under soon and you lose funds.

Hulk can chime in on some decentralized wallets if you don’t want a physical wallet (I’m not familiar with that space). For cold storage wallets, Ledger Nano, Trezor, or Coldcard(bitcoin).


I Love Bama
Alabama Fan
Alabama
Member since Nov 2007
36846 posts

quote:

How people still had their shite on Voyager after the news about their exposure to 3AC came out weeks ago is mind boggling.


I can't even begin to understand the thought process of people doing this.


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63
Hulkklogan
LSU Fan
Baton Rouge, LA
Member since Oct 2010
42666 posts

quote:

Hulk can chime in on some decentralized wallets if you don’t want a physical wallet


UX = User eXperience.

Best UX right now is Loopring. You can simply send funds from an exchange to your Loopring wallet Ethereum address and begin exchanging with cheap fees. Loopring is a centralized zkRollup, but you own your keys and crypto. Most people will be best off with this because it's easiest to get your money back to an offramp exchange if you need it.

Argent is a great wallet with a good UX, including guardianship protection for your wallet (must confirm making a transaction from multiple places) and enhanced recovery features.. Most wallets will be more like Argent in the future. However, to get cheap txs on Argent you have to bridge your money to zkSync, which can be done in the app. The down sides are: bridging is kinda expensive (~$20-30 rn I think) and the selection of coins on zkSync is very limited right now. This is what I primarily use.

Metamask is the most ubiquitous and widely supported, but its interface is pretty bad. It's the classic hot wallet most people know of, and you still have the bad crypto UX of having to bridge money to other chains to get cheap transactions. I use metamask for development, when deploying contracts and such.

The next gen metamask-esque wallets are Rainbow and Status. They are much prettier and have a better UI than Metamask, but you still have to bridge funds to a cheaper chain to get cheap transactions.


Oh and there's an open source desktop app called Rotki that is great, but still only works on Ethereum main net, I believe.


NEVER, EVER, UNDER ANY CIRCUMSTANCES give your seed phrase or private key out to anyone at all.
This post was edited on 7/2 at 8:08 am


BottomlandBrew
LSU Fan
Member since Aug 2010
24974 posts

If people need a recommendation, I am more than satisfied with my Ledger X. Only buy hardware wallets directly from the manufacturers.


I Love Bama
Alabama Fan
Alabama
Member since Nov 2007
36846 posts

quote:

I am more than satisfied with my Ledger X. Only buy hardware wallets directly from the manufacturers.


Same. Love my ledger.

I would suggest to people keeping your seed phrase in a different location than your actual ledger.

I keep my ledger in a personal safe and keep my seed phrase in a bank vault written in such a way that if someone were to ever look at it they would think it is just a hand written note.


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02
Shepherd88
Member since Dec 2013
3924 posts
 Online 

I got the Arculus cold wallet (it’s a metal credit card) and works via Bluetooth. I’ve been super pleased with it.

My gripe with Ledger was having to have a desktop to make the transfer. I only use an iPhone or iPad nowadays.


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11
Fox McCloud
Member since Oct 2020
3099 posts

I’ll keep my stuff on Robinhood, I’m good


FnTigers
LSU Fan
Member since Sep 2021
846 posts

quote:

I’ll keep my stuff on Robinhood, I’m good


CE Tiger
LSU Fan
Metairie
Member since Jan 2008
40995 posts

FTX still good?


FnTigers
LSU Fan
Member since Sep 2021
846 posts

quote:

FTX still good?
none of them are good. Don't ever trust a centralized exchange. Use them for fiat on and off.


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50
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Member since 2001
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TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
79700 posts

It’s probably the safest of all the exchanges if you absolutely had to keep it on an exchange. At this point why would anyone do that


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21
tduecen
TBD Fan
Member since Nov 2006
160124 posts

Same


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01
Tigerdogz
Member since Nov 2011
353 posts

What happens to the coins when one of these platform fails. Do they just disappear?


Hulkklogan
LSU Fan
Baton Rouge, LA
Member since Oct 2010
42666 posts

quote:

What happens to the coins when one of these platform fails. Do they just disappear


They get liquidated. Massive sell-off and the whole market feels it.
This post was edited on 7/2 at 12:06 pm


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21
TigerFanatic99
Chicago Cubs Fan
South Bend, Indiana
Member since Jan 2007
21876 posts

quote:


I’ll keep my stuff on Robinhood, I’m good


People laugh, but they are a whole hell of a lot more stable than half these other exchanges that damned near feel like you are going to the deep web when on them. They took their beating in the public arena the other year and learned from it, and are more fiscally sound than these exchanges that are going under.

They do offer actual wallet now, not just a trade platform.


MadtownTiger
LSU Fan
Texas
Member since Sep 2010
3992 posts
 Online 

I still have everything in Coinbase, but was planning to move everything to LoopRing after reading this earlier today. I have about 2/3rd of my money run with bots via 3commas off a CB account and then I have a Hodl account...

However, I did just see that you can run the bots with Loopring. Gonna have to transfer and use that I guess. Hopefully we can get that bull run going in the next year so I can get the bots working again.
This post was edited on 7/2 at 3:54 pm


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11
LatinTiger30
LSU Fan
New Orleans
Member since Oct 2007
3310 posts

Pulled my money from Voyager on 6/29/2022. Got a confirmation number, but funds still haven’t hit my checking account. We’ll see…


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30
PUB
LSU Fan
New Orleans
Member since Sep 2017
12929 posts

Seed phase - massive hack on that one.
Gone


Hulkklogan
LSU Fan
Baton Rouge, LA
Member since Oct 2010
42666 posts

Which one?
This post was edited on 7/2 at 7:25 pm


TigerDeBaiter
LSU Fan
Member since Dec 2010
9720 posts

If/when all the exchanges go under will it really matter?



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