Hey everyone, just here as I need some advice/thoughts on an idea/curiosity I have. I have ordered a ledger nano x for myself to move my crypto off the exchanges so I have control over my crypto.
My parents also hold their crypto on an exchange and they are not tech savy at all so I was thinking if It is a good idea for them to transfer me their assets to my ledger nano x. This way I can secure there crypto safely and when the price goes up I send it back to them so they can sell it? (This way I avoid having to pay the taxes)
I know this goes against the whole Idea of not giving out crypto information. Just worried about their assets sitting on the exchange. I’m not going to steal from my parents, I have good intentions to protect my parents crypto assets.
Anyone els do this?
Thoughts? Yay or nay?