I am a newbie when it comes to crypto and like an idiot I clicked on an nft and connected my wallet. They somehow drained 2600 of my staked sol on different validators, happened about 2 hours ago. Anyone I can hire to try to recover this? I feel so stupid
Hence we have upcoming ETFs to deal with this gap with boomers not having to worry about technicalities while the tech savvy will directly use the crypto the way it’s intended.
It can be a lot of money. I’m a generalist software engineer and I still use varying tactics to mitigate risk (e.g. distribute tokens across many many wallets).
Is there a certain value where it’s not worth the effort/cost of sending for you?
I don’t understand your question.
Is there a dollar, or amount of coins that you have set to know when it’s time to start a new wallet?
I would just think spreading around a ton would add additional fees etc, so I’m wondering if there’s like, “Oh, I separate into new wallets after I have $x amount”
My rule is to never put more than 200-250 SOL in a single wallet, but these are all HODL wallets. I never put more than like 10-20 SOL in an actively used wallet.
Also these levels all depend on your income and wealth.
And it’s not fill up one wallet then start another. If I have 500 SOL then I’d split them between 10 wallets, 50 SOL each. As I buy more, I fill each wallet in roughly equal quantities.
If I have 4000 SOL then I would do 20 wallets with 200 each.
It’s basically just, how much (in %) terms am I willing to lose at once. By using 10 wallets you limit your single wallet risk to ~10% of your entire portfolio.
The fees on Solana are so miniscule that you don’t even need to consider it.
That makes sense to me - Eth has been may largest bag, and the transfer fees would make it less worthwhile to have to split multiple times over
(Mind you, it would have saved me like a life savings, but hey, live and learn…)
ETF’s don’t increase user adoption just investor money.
Who are we to say how someone should use crypto?