Custodial risk
Coverage of Custodial risk in the Nexus archive.
- Finally thinking about putting my BTC to work instead of just holding anyone actually borrowing against their stack?
A Bitcoin holder seeks advice on borrowing against their BTC as collateral to access liquidity while maintaining tax efficiency and price exposure. The person expresses concern about custodial risks following the collapse of platforms like Celsius and BlockFi, and asks for trustless alternatives that don't require wrapping or bridging assets.
- every time i want to spend my usdt i end up doing this stupid little dance. is there a less dumb way?
A Reddit user discusses the inconvenience of converting USDT to fiat for spending and explores crypto cards like BitMart Card as a potential solution, seeking real-world experiences and comparisons regarding fees and custodial risks.
- every time i want to spend my usdt i end up doing this stupid little dance. is there a less dumb way?
A cryptocurrency user expresses frustration with the multi-step process of converting USDT to fiat for spending, exploring crypto cards like BitMart Card as a potential solution. They question the practicality, hidden fees, custodial risks, and cost-effectiveness of these cards compared to traditional methods.