Nope your money can not increase it can only be same Wherever you store your bitcoin it will be worth the same. If you have 1 bitcoin on an exchange and the current price is $15k then that’s what it’s worth. If you have 1 bitcoin in a private wallet, well it’s still 1 bitcoin so worth $15k .
Read moreShould I transfer my bitcoin to a wallet?
A rule of thumb is that you should use a cold wallet when you have more crypto than you’d be comfortable losing . For small amounts of crypto, a cold wallet isn’t necessary. If you have $100 worth of crypto or less, the cost of a wallet would be similar to your crypto’s value.
Read moreShould I keep my crypto in a wallet?
As mentioned previously, it is not wise to keep large amounts of cryptocurrency in any hot wallet , especially an exchange account. Instead, it is suggested that you withdraw the majority of funds to your own personal “cold” wallet (explained below). Exchange accounts include Coinbase, Gemini, Binance, and many others.
Read moreShould I keep my crypto in Coinbase wallet?
It is safer to keep it in a Coinbase Wallet . The coinbase wallet is more closer to a private wallet where you keep your private keys. Keeping it on Coinbase (pro) leaves the Cryptocurrency within Coinbase holding.
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