Читать книгу Cryptocurrency All-in-One For Dummies - Peter Kent, Kiana Danial - Страница 57

Based on security

Оглавление

Even if you’re an active crypto trader, we recommend that you have a super-secure cold wallet where you store your larger amounts of crypto assets. Online wallets aren’t the most secure option, however convenient they may be. You can always transfer your assets to an online wallet if you need immediate access to your cryptocurrencies for an investment or shopping opportunity.

Also remember that the most secure hardware wallets are normally the most expensive ones. So you should calculate whether spending that much money for a particular wallet makes sense for the amount of crypto you’re going to store in it.

Some questions you must ask before choosing the most secure wallet include the following:

 What sort of authentication does the wallet use?

 Is the website secure?

 What do online reviews say?

CoinCentral.com, 99Bitcoins.com, and CryptoCompare.com are websites that provide an annual crypto wallet review. We recommend checking with two or more websites before making a decision.

At the time of writing, the Ledger Nano S hardware wallet is one of the most popular and highly rated secure wallets out there. You can find out about other Ledger products at www.ledger.com. The Trezor Bitcoin hardware wallet (created by SatoshiLabs) is another example. One catch about these wallets is that if the USB drive dies, all your cryptos go with it. That’s why you should always have a backup and keep your security codes elsewhere so that you can recover your assets.

Cryptocurrency All-in-One For Dummies

Подняться наверх