There are very few times that one can hear large movement of Bitcoin in cryptocurrency world.
But someone has done just that, stealthily moving 500 Bitcoins in one move
A Bitcoin (CRYPTO: BTC) whale has just sent $21,152,909 worth of Bitcoin out of the cryptocurrency exchange Binance.
The Bitcoin address associated with this transaction is 3CAE7aPkarv5LD2TVzjrmf3wGnNsSFVT7e
When Bitcoin "Whales" (investors who own $10 million or more in BTC) plan to hold their investments for an extended period of time, they frequently deposit cryptocurrency from exchanges to their respective accounts.
When storing big sums of money on an exchange, you run the danger of having your funds stolen, as exchange wallets are the most sought-after target for cryptocurrency hackers.
Using a hardware wallet to store Bitcoin is the most secure method of securing it, as this cannot be accomplished by holding digital assets on an exchange.
When using a hardware wallet, one's private keys are stored on an offline device, making it impossible for funds to be hacked through the internet.
According to Glassnode, only 13.46 percent of the total quantity of Bitcoin is still available for trading on centralised exchanges worldwide.
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