Diversification: How do you do it?

[Nomad]

When it comes to investing, a lot of people will tell you that you need to diversify your investment portfolio. This also implies for crypto market. How do you diversify your crypto investment. How do you decide where to put your money, or let's say what assets to invest in in order to diversify your portfolio? How do you diversify your investment by using various portfolio management platform, wallets or exchanges, for instance?

 

[deucher]

First of all, I use a lot of different exchanges to store my assets. I don't have a lot of assets right now, so I don't use cold wallets, but this is an even better method because the funds are more secure. Also, I have never bought a single coin for more than 20 percent of my entire portfolio.

 

[Riberet19]

I diversify my funds using different wallets and a cold wallet. I don't have anything in exchanges, I only send money there when I want to sell some cryptocurrency.

 

[Riberet19]

I diversify my funds using different wallets and a cold wallet. I don't have anything in exchanges, I only send money there when I want to sell some cryptocurrency.

 

[Nomad]

I diversify my funds using different wallets and a cold wallet. I don't have anything in exchanges, I only send money there when I want to sell some cryptocurrency.

Exchanges like Binance offer staking rewards which is lacking in wallets. I like keeping my assets in exchanges.

 

[Riberet19]

Exchanges like Binance offer staking rewards which is lacking in wallets. I like keeping my assets in exchanges.

I prefer to have my funds in my custody than earn some money in staking honestly, it's a matter of preference

 

[Nomad]

I prefer to have my funds in my custody than earn some money in staking honestly, it's a matter of preference

Some self custody wallet also offer staking, for instance you can stake Ethereum on Metamask. Do you have staking option in the wallets you use?