New Indian Bitcoin Investor: Should I Stick With GetBit + Trezor Safe 3 for Long-Term Self-Custody?
I'm new to crypto investing and would appreciate some guidance from experienced investors.
My goal is long-term investing rather than trading. I plan to start with Bitcoin and possibly Ethereum, and my investment horizon is 10+ years.
Here's my current situation:
- I already have a Binance account.
- However, after reading about various issues and scams related to P2P transactions (bank account freezes, fraudulent counterparties, etc.), I'm hesitant to fund my Binance account through P2P.
- To avoid those concerns, I recently opened an account with GetBit and am considering using it to accumulate Bitcoin.
- I'm also thinking about purchasing a Trezor Safe 3 hardware wallet so I can eventually move my Bitcoin into self-custody.
A few questions:
For someone just starting out, does the combination of GetBit + Trezor Safe 3 make sense?
Has anyone here used GetBit extensively? How has your experience been with deposits, withdrawals, spreads, and customer support?
I noticed that Coinbase is now officially available in India. Does Coinbase India allow withdrawals to self-custody wallets for Bitcoin and Ethereum?
Would you recommend sticking with GetBit for the initial accumulation phase, or is there a better approach for an Indian investor focused on long-term holding and self-custody?
My priority is security, simplicity, and long-term ownership of my assets rather than active trading.
Any insights, experiences, or things I should watch out for would be greatly appreciated.