Image by Shutter_Speed from Pixabay

Crypto trading at this moment on rest mode so decide to talk about something different but definitely about crypto. Do you have a backup wallet?  Or you blindly trust and depend on a single wallet? If you ask me the same question then my answer will be partially yes and partially no too. How is that? Let me explain!  Honestly, I'm too much depend on binance wallet for years, I do trade there, hold there and P2P trading there for years.

Sometimes it feels like I'm too much depending on binance wallet when I also should have backup plan or some other wallet too. Indeed binance worth my trust but we never should be blind in trust when it comes to finance. In professional fields there is no space for emotions, whatever is right logically, we should do it or go for it. So logically I think we should have backup plan even when binance or other crypto wallet never gonna betray us.

So, do I have a backup wallet? Yes, I do have but not really!  Actually I've a backup wallet but funds are poor in it so I can't call it my back up wallet yet. I've a Trust wallet where I don't have enough funds to hold but recently I'm trying to accumulate crypto there but how long I'll be able to accumulate I'm not sure about it because my all asset, all focus on binance and  my 95% asset is there when other wallets having 5% or less. Not really the accurate math but an idea.

Somehow It's an honest confession that I blindly depend and trust on binance but I don't want to be. Not because I don't trust binance anymore but because we should be smart enough when earning, trading and holding crypto. In real life I made several mistakes for having no backup plan and suffer for long run but I believe having backup plan is a security that we all should have. So, I personally believe that having backup wallet for holding crypto can be security of our personal crypto finance. Keep balancing is the best and recommended and I'll try to follow too. Feel free to share your point of view on this matter. I'll appreciate your logical ideas.

Thanks For Stopping By!!