Should I buy my new iPhone from apple as Verizon or unlocked?

So basically, I have an iPhone 8. It isn't payed off until November. This summer i'm Going to trade it in to get an iPhone XR but before I trade it in I'm going to factory reset the phone and take the SIM card out. Then once my new phone comes in I'm gonna put the SIM card into my new phone. Will that work? Should I buy it unlocked and just use my old SIM card?

I trade in my iPhone every year for the new one with Verizon. It's a birthday gift to because my birthday is in September.

I think you should buy whatever you want

Unlocked because then you'd have the freedom to pick the plans from whichever provider that fits your needs and expense preference.

All Verizon phones are unlocked so it doesn't matter. Generally it's better to activate the phone under a new sim card through Verizon since registers the phone in their system properly and your risk for calling\voicemail\texting issues will be minimized.

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