Which one would you prefer? Choice 1 PRO: Very easy for staking and investment. All you need to remember is 1 password & keep your email alive CON: Your identity needs to be verified Centralised If the company / service runs down on you / someone hacked your account, you are left with nothing Your records are being tracked. #IncomeTax might come for you. --- Choice 2 PRO: Your own keys, your own call. Anonymous wallet (most of the time) CON: Your own responsibility (it can be a good thing too) You need to learn new things for each new technology. Nothing is the same You lose your keys, you lose ALL your assets in the wallet. A lot of steps and hidden expenses (some are cheap, some are expensive) just to stake for dividend Improper / lack of #DYOR can lose you money --- At the end of the day, you must ask yourself: Convenience / accountability? You have to choose it and you can't eat the cake and keep the cake. That is the world of #finance . Either way you can't be lazy about it. Even if you think you can hire someone (a custodian) to take care of you, the #risk is still there. #Investment
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Choice 1 for buying coins, then Choice 2 for HODL. I wish there was a good way to buy crypto w/o KYC, but I don't know of any.