7Mes
I would generally advise everyone to store their coins themselves and not to hold them on an exchange (in case something like FTX happens again). There are many options for self-custody, but the safest is probably, as you said, to get a cold wallet. I have been using a ledger for a long time and apart from their questionable strategies and decisions, I have nothing to complain about and am quite happy with it. There are definitely some alternatives to Ledger, you can also look up what exactly is available on the Internet, e.g. on YouTube, and get opinions. I can give you a few more names that are very well known: Trezor, BitBox, Tangem. Personally, I was thinking about switching to a OneKey but have been too lazy so far. In any case, you should look into it beforehand and not transfer the coins from A to B without knowing what you are doing.
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@CptnCrxnch You're right. I do the same with my BTC and ETH, as that's my main position.
But I also set up a savings plan for 2023, first with bittrex (they then discontinued their services) and then on Bitvavo. Simply invest a total of around €150 in each altcoin over the year via a savings plan. I don't have to store the coins somewhere if I only deposit €10-15 each month. It should have just been a simple bet that I could have liquidated after 2 years.
But not with the German state 😴👊
But I also set up a savings plan for 2023, first with bittrex (they then discontinued their services) and then on Bitvavo. Simply invest a total of around €150 in each altcoin over the year via a savings plan. I don't have to store the coins somewhere if I only deposit €10-15 each month. It should have just been a simple bet that I could have liquidated after 2 years.
But not with the German state 😴👊
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