Post #560532
2026-03-06 22:46 UTC
Since by design cryptocurrencies aren’t backed by banks/nations and any transaction is permanent, they are by definition not safe.
At best, you can save out your wallet to an encrypted drive, then write it back to your phone when you need to use it. Make copies, so if one gets lost, you don’t lose the value itself.
Replies (1)
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@mlxdy@lemmy.world 2026-03-06 22:55
Since by design cryptocurrencies aren’t backed by banks/nations and any transaction is permanent, they are by definition not safe. For me it’s argument why they might be safe. Of course cryptocurrencies in my opinion aren’t that safe and I have reasons to think like that, but I don’t agree with your agument.