Hi fellow Lions,
Today I made my first step towards removing the "not your keys, not your crypto" notion from haunting me! Shitting bricks a little bit..
Man was this a "shit my pants" moment for sure! I made my first personal step towards abiding by the mantra "not your keys, not your crypto" and took all of my Bitcoin off the exchange! I had bought my wallet a long time ago but never used it until today. Boy was this a wild night!
So I use one of the major exchanges for the most part, but going forward I am going to see what I can do to stop doing that as much as I can. I need to figure some stuff out but I really don't like the notion of them being so cozy with regulators so I put my money where my mouth was and took that shit all out!
Let me tell you though, this was definitely a SCARY TRANSACTION LOL. I am not a millionaire by any stretch but I do have a pretty decent stake in Bitcoin for what I have personally accumulated over time. It won't bring any intense scrutiny but I am proud of what I have scraped together so I felt it was prime time to get that in my hands, not the hands of the exchanges. Off to my wallet!
So let me tell you, this period was one of the most nerve wracking for sure lol that "pending" transaction was checked three times by me for spelling of the wallet, ensuring I didn't fuck it up. I always, and I mean always make test transactions now after screwing up one and losing a bit of crypto to the abyss because of something not entered correctly. It wasn't a large sum but it still sucked!
Setting up my wallet was great, I had the pin code and all that remembered from when I had it before but of course it was blank so I needed to figure out what I had to do in order to safely make this thing a home for my investments!
Once I had that part figured out, it was time to make the test transactions to ensure I wasn't going to completely screw myself by sending it all in one shot, only to the wrong address! I don't know if I would ever honestly be able to live that one down lol.
I tried two safety transactions before I made the big one. The first one was 15 dollars, well worth it in case I lost it by some strange issue. That went great, was in my hardware wallet in a few minutes.
Okay now let's try a transaction that would be annoying to lose, but wouldn't kill me just to make sure. Few minutes later, good to go, in my wallet and out of the clutches of the evil empire!
Now for the one that would really SUCK if it somehow got messed up... I honestly was sweating a bit when I was waiting for this one to go through lol I triple checked the spelling of the wallet, even though I copied and pasted it from the app into the website to send, I still did it to just make damn sure! I was thinking maybe I pay another fee and send half, make sure it goes through and send the other half..
I went through with it though, and nearly passed out when I realized that the transaction went through successfully and I had my coins finally in my own wallet where I knew exactly where they were and that it was legitimate Bitcoin, not just a few numbers on an online wallet that I had absolutely no control over. UGH that was stressful but what if Bitcoin goes 2x the price it is now? I sit a hell of a lot more comfortably knowing that it is in my hands, no one can touch it except the criminals at the government tax agency.
Have you transferred your Bitcoin millions to a hardware wallet yet? I know we all say that you need to but until you do, the future for it is always questionable. We can't say that we are entirely comfortable until the funds are in our hands, safely locked in the wallet!
I am definitely going to sleep a lot more soundly tonight than I have previously, knowing my biggest crypto asset is firmly in my hands!
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