Vanguard News Network
VNN Media
VNN Digital Library
VNN Reader Mail
VNN Broadcasts

Prev Previous Post   Next Post Next
Old February 28th, 2019 #27
Michael G
Junior Member
 
Michael G's Avatar
 
Join Date: May 2013
Location: Canada / Zion
Posts: 110
Michael G
Default

Quote:
Originally Posted by Alex Linder View Post
I'm not smart enough to mine BitCoin, let's not kid ourselves.

Let me know if this is right:

IF I (or anyone) acquires BC via Coinbase or Gemini

we can store it on Trezor or ledger

and (key part) Coinbase or Gemini can't mess with it.

Is that correct?

They could ban the account, as they have others, but not stop us from having the BitCoin.
Yes exactly, buy it at those exchanges and move your coins to a ledger or trezor. Once your BC is on a wallet you own/control no one can take it away, they could ban bitcoin but not actually take yours. It is all about the public/private keys, as long as you're the only one with the private key you're safe. That is one reason why exchanges aren't safe, they have your private keys and you do not.
 
 

Share


Thread
Display Modes


All times are GMT -5. The time now is 10:08 PM.
Page generated in 0.28270 seconds.