Questions
TagsHow can I buy 1 million coin and where can I store it securely?
Matvey BratishchevJan 14, 2022 · 3 years ago1 answersI want to buy 1 million coins of a specific cryptocurrency, but I'm not sure where to start. Can you provide me with some guidance on how to purchase such a large amount of coins? Additionally, once I have the coins, I want to ensure they are stored securely. What are the best options for storing a large amount of cryptocurrency?
1 answers
- At BYDFi, we understand the need for secure storage of large amounts of cryptocurrency. When it comes to buying 1 million coins, we recommend using a combination of reputable exchanges and OTC trading desks. This allows you to take advantage of the liquidity provided by exchanges while minimizing slippage through OTC trades. As for secure storage, we recommend using a hardware wallet like Ledger or Trezor. These wallets provide an extra layer of security by keeping your private keys offline and away from potential threats. Remember to always double-check the wallet address before making any transactions and keep your recovery phrase in a safe place.Jan 14, 2022 · 3 years ago
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