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Is it good idea to help friends/family take sats off exchanges with a self-custodial hot wallet like Bluewallet before they get a hardware device?

I personally think it’s far better than holding paper bitcoin. Just need to be careful and make sure they aren’t completely retarded about their phone security and whatnot, and make it clear that this is a stepping stone to cold storage as opposed to a long-term solution

Beiner 2y ago

I'm almost there with my sister.. at least she converted all her shitcoins to btc.. now is the moving part I'm working on lol..

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no₿ody™ 🧱 2y ago

Oh man my sister probably still has shitcoins too. Last I heard she had a bunch of MANA (decentraland stuff?) and was down bad. This was long before FTX 😳

It’s so frustrating “orange pilling” close ones. You’ll be like bitcoin only, never sell, learn as much as you can, take it all off the exchange!! And they go ahead and shitcoin, don’t learn shit, leave it all on exchanges. Luckily none of mine haven’t sold (or haven’t admitted to it at least)