How do you cash out earnings?

[eddiep20]

Hey, how do you guys cashout earnings. Do you do it straight to exchange or a wallet first. If you do a wallet what is safest to use. And if you do it straight to exchange is uphold good for that or will they give you issues if payments being sent are over 30k etc. any help here appreciated

 

[Symmetry]

I personally use a hardware wallet for crypto transactions, everything is going smoothly. Amount does not matter in case you have a ahrdware wallet

 

[metropot]

yeah, remember recent Ledger issue?
i wont bet on that

 

[eddiep20]

I personally use a hardware wallet for crypto transactions, everything is going smoothly. Amount does not matter in case you have a ahrdware wallet

does the hardware wallet need to be plugged in when you send money to the address on it?

 

[Symmetry]

@metropot what issue? I'm not aware to be honest.. @eddiep20 yeah the USB stick has to be connected in order to send money

 

[eddiep20]

what about to recieve money does it need to be plugged in?

 

[Symmetry]

what about to recieve money does it need to be plugged in?

No need, but it's needed if you want to obtain an address

 

[metropot]

@metropot what issue? I'm not aware to be honest.. @eddiep20 yeah the USB stick has to be connected in order to send money

Google = > "ledger hacked"

no??

Security Incident Report | Ledger

Ledger detected an exploit using Ledger Connect Kit on Thursday the 14th of December 2023. This exploit injected malicious code inside DApps that were using Ledger Connect Kit, tricking users into signing transactions that drain their wallets.

www.ledger.com

 

[Symmetry]

Google = > "ledger hacked"

no??

Security Incident Report | Ledger

Ledger detected an exploit using Ledger Connect Kit on Thursday the 14th of December 2023. This exploit injected malicious code inside DApps that were using Ledger Connect Kit, tricking users into signing transactions that drain their wallets.

www.ledger.com

What is this? By that logic, nothing is secure.. still the most secure is a hardware wallet, if you have your money in any exchange it can collapse and then you have 0. no??

 

[GamerAki]

Hey! When it comes to cashing out earnings, I usually send them to a wallet first for added security before moving them to an exchange. As for the safest wallet, hardware wallets like Ledger or Trezor are highly recommended because they keep your funds offline.

If you prefer cashing out straight to an exchange, Uphold is generally reliable, but they can flag large transactions, especially over $30k. It's a good idea to check their policies and maybe split large transfers to avoid any issues. Hope this helps!