Where to park my BTC?

Discussion in 'Cryptocurrency, Finance, & Gambling Discussion' started by Liam, Jun 12, 2025 at 9:02 AM.

Where to park my BTC?
  1. Unread #1 - Jun 12, 2025 at 9:02 AM
  2. Liam
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    Where to park my BTC?

    I've just held my BTC in coinbase for almost a decade.

    Literally not touched since late 2023 - the last time I needed to make a payment in crypto. Couple of years ago no questions asked, and no problems.

    Just tried to send $15 worth of BTC for a GFX payment and they want my life story and also details on the person I am trying to send BTC to. Seems as my coinbase was registered in the UK there is new legislation I am unaware of.

    I am happy to be compliant, but I plan on moving all my funds elsewhere immediately which will actually let me send payments without BS like this.

    Any recommendations? Go easy on me, I am a crypto noob. I just threw money at it and forgot about it. Just want to have a secure wallet or exchange that I can access freely without 100 questions for the transaction the value of a drink at a bar
     
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  3. Unread #2 - Jun 13, 2025 at 6:20 PM
  4. Sunny
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    Where to park my BTC?

    +1

    I noticed this a few days ago after not using it for a year. Let me know if you find a good alternative.
     
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  5. Unread #3 - Jun 15, 2025 at 12:29 AM
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    Where to park my BTC?

    Exodus or trezor
     
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  7. Unread #4 - Jun 15, 2025 at 12:31 AM
  8. Liam
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    Where to park my BTC?

    Thank you! Appreciate you taking the time to respond - will look into both :)

    @Sunny this may help you also
     
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    Last edited: Jun 15, 2025 at 12:31 AM
  9. Unread #5 - Jun 16, 2025 at 6:31 AM
  10. Dbuffed
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    Where to park my BTC?

    I use exodus after previously using CB for many years myself, and had no issues at all besides the possibility of having to send X amount but it's non-KYC so you're safe on that at least without all the pesky info needed
     
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  11. Unread #6 - Jun 16, 2025 at 2:04 PM
  12. Sunny
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    Where to park my BTC?

    Ok I will give Exodus a shot

    Any general advice for this wallet?
     
  13. Unread #7 - Jun 16, 2025 at 3:19 PM
  14. Dbuffed
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    Where to park my BTC?

    I guess it really depends what information you want to know, i know in terms of having to send certain amounts like i had to send USDT and it wouldn't let me send below $30-40 worth which was quite annoying so i had to buy crypto and exchange it so i could send more lol

    But beyond that so far i haven't seen any issues everything has been straight forward and easy each time i use it
     
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  15. Unread #8 - Jun 16, 2025 at 9:46 PM
  16. Liam
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    Where to park my BTC?

    Did you buy crypto with your UK bank/card?

    I've heard some UK banks don't like crypto these days so I've been careful while living abroad. May just use a random current account I have though.
     
  17. Unread #9 - Jun 17, 2025 at 5:03 AM
  18. Dbuffed
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    Where to park my BTC?

    I did indeed, thankfully not much only like $10-20 worth or something i think it was, just so i didn't have to keep dealing with the issue and keep trying to buy more in a dollar-2 dollar range to meet the requirement (this was again on USDT/ETH not sure on others*) but otherwise been a pleasant experience so far
     
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