E250 What Is Bitcoin & How Does It Work? (w/ Andrei Jikh)
Impaulsive with Logan Paul
00:00
Can I Buy My Bit Coin on Institutional Sites Like Robin Hood?
Don't buy bitcoin on free exchanges that are like, buy it for free. The reason you don't want to do that is because none of them allow you to have a access to your private keys. You just hold it there on what's called he hot wallet, because it's on line. And they pay use six % annual interest on that money, just just for holding,. Just to hold it, just to hold it. But cold storage is on the block chain, which we talked about before, which is not hackable. So you need cold storage, ye, yet? It' can be t littly on a piece of paper, though.
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