If you are just looking to buy and hold, coinbase or gemini are the most established in the US. Gemini has the better trading interface though, imo.
FYI, if you are planning to buy and hold, make sure to enable 2FA, and lock crypto withdraws.
In my case I'd be holding for 6-12 months, then either converting back to fiat or buying more bitcoin.
I'm treating bitcoin as an inflation hedge for excess cash I'd otherwise keep in a bank account for some TBD remodeling projects, not for frequent transactions. If this means I end up paying income tax rates instead of LTCG rates due to same-year recognition of gains that's fine, as I'd rather pay taxes on gains than guarantee losses to inflation.
Either exchange should serve your needs easily. But you still might lose money with a hard 12 month time limit. There have been 12 month periods where bitcoin lost value. The
Good point. It's not a hard limit, more of a ballpark. If bitcoin plunges I wouldn't have any issues riding out the volatility.
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