Despite the higher fees, it's still much cheaper to send bitcoin internationally than using banks.
But you're right with number two. You need to back up your keys and definitely not store your Bitcoins on somebody else's server. Well, that was in 2012 and we learned something in the meantime.
Ze best Inglisch i kudd spiek
Vell done!
Regarding the grave mistake "it's very cheap to send Bitcoin from one part of the world to another" LOL, not true anymore..
That, and that the coins aren't really lost when my computer crashes...
Despite the higher fees, it's still much cheaper to send bitcoin internationally than using banks.
But you're right with number two. You need to back up your keys and definitely not store your Bitcoins on somebody else's server. Well, that was in 2012 and we learned something in the meantime.