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Wednesday, April 07, 2021 11:20:08 AM
or, preferably, if one is able to manage their own XRP assets properly- neither of the above two options are required. IMO giving someone else full control and custody of your crypto is a foolish thing to do at this stage of the regulatory evolution game.
As was clearly demonstrated, they can nuke your holdings and well good luck with the lawsuit.
Again, if they are hacked- their BitGo insurance only covers up to 100m total of losses across all clients, and only applies to cold wallets. Good luck with that lawsuit.
Most folks do not understand that services like NEXO are NOT FDIC insured and NOT regulated like banks. They are not banks.
I think everyone should do what they want- but at least completely understand the risks. obviously anyone investing in crypto right now is not afraid of risk lol.
My opinions are my own and are not a suggestion to buy or sell stocks. Always do your own homework.
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