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    Author Topic: Mycelium Bitcoin Wallet  (Read 586928 times)
    hgmichna
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    January 17, 2016, 08:41:25 PM
     #1641

    Mycelium-Coinapult accounts can only contain US$. They call it dollar-pegged bitcoins, but that is just a nice name for it.

    It sounds like you are saying that dollar-pegging your bitcoins is just another name for selling your BTC for USD and storing the USD on a third party site. ie. a bad idea in general.

    If Mycelium shuts down, you still have access to the bitcoins in your wallet, but if Coinapult shuts down, presumably you lose any "pegged" bitcoins you were storing with them. Is that right?

    That is what I suppose. How else could they do it?

    Not bad, actually. In effect quite similar to using any other exchange.

    The only thing that puts me off is the arbitrary delay outside Panama office hours that can last for hours. (Happened to me.) It is not nice, but also not unfair if you know it in advance, but I am sure not every user knows it. Hence my proposal to put in a warning.
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