Still Waiting for my Ledger Nano Hardware wallet Delivery
The crypto community is in a situation where its highly recommended to move the assets to hardware wallets. Its not applicable for coins like Hive, but Bitcoin and Ethereum must be transferred to the hardware wallets. I purchased my first-ever hardware wallet last month and I was expecting that this should be delivered in 1-2 weeks but its taking time. Its been almost 20 days and still the order is not delivered. I can check that the product was dispatched on time after placing the order but its taking time.
There was an option to buy the wallet from amazon but I did not buy it because of safety issues. Its always best to buy from the official website and it costs more but that is fine. Its a matter of money and in such cases, I dont want to take chances. It's okay if I need to pay extra to buy from the official website but I know that I can rely on the product and this will be safe to move my crypto into the wallet.
I think it is taking longer because of the international despatch which usually takes a couple of which time to get delivered. This is the first time I have purchased any crypto hardware wallet so I am excited that how it will work and also waiting for this because I want to move my crypto into the wallet to make it safe. Hive is different because it's locked and it's the best way to keep it. Liquid can be risky because sometimes accounts can be hacked but even in that situation whatever is locked will not be withdrawn as per the blockchain mechanism.
In India, some of the exchanges are now trying to gain the community's trust as they have announced sharing the proof of reserve report soon. Some international exchanges have already done it and the Indian community is waiting for these exchanges to come forward and share the record information in the public domain. I agree that the ftx incident was not good for crypto but after this tragedy, the impact seems to be good. It is because now these centralized exchanges are trying to show their reserves and if all the Indian exchanges do then hopefully we can trust them that they are following a fair practice. I believe that it's not going to be easy because properly some of the exchanges will not follow it or may take a longer time to bring the information to the public.
While Wazir X has announced that they are working with a third party to arrange this data and will be sharing it soon which I think is a good move. I hope many other exchanges in India follow the same and there should also share this information with the community so that people can have trust in them. I know that risk is always there but if this type of information is provided by the exchanges then it will help new people to be part of the crypto community as they will be able to trust the way they do with the banks.
Thank you
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Right now I only use Coinbase to buy Litecoin to trade for Hive. Eventually, I will get a cold storage wallet though. Hope yours arrives soon.
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