Be careful when transferring bitcoins with Bitmex

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4 years ago

After the start of the SEC showdown with the Bitmex exchange, and especially after the arrest of the STO exchange of Samuel Reid and the departure of Arthur Hayes as CEO, cautious traders began to withdraw their funds from Bitmex out of harm's way. But many faced the fact that other exchanges immediately began to block all funds transferred from Bitmex.

Then traders began to transfer bitcoins to their cold wallets, and then buy Monero, so that it was impossible to identify where the bitcoins came from. Naturally, no blocking of the payments cleared in this way followed. Since accepting accounts on other exchanges cannot recognize where Monero came from.

As a result, the Monero rate began to grow twice as fast as the market. Over the past day, the growth amounted to 7.3%, for the week 16.2%. In general, 106% growth in a year is an excellent result for the most anonymous cryptocurrency in the world.

Be careful when transferring Bitcoins from Bitmex to other exchanges so as not to get blocked on any Bittrex or Binance. Coinbase and Paxos accounts are also under threat. And in general, it is high time to look at Monero as a means of safe portfolio diversification.

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In order not to get confused with Monero wallets, it is better to install the official GUI client from the official Monero website https://www.getmonero.org/downloads/

Well, in order not to steal your coins from your online computer, it is better to use a hardware wallet, for example, the older Trezor T model, because the younger Trezor One model does not support Monero.

Complete instructions for installing and creating a Monero wallet on Trezor T can be found here.

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