Cryptocurrencies are becoming more and more popular, but how do you store them? This ultimate beginner’s guide will teach you how to store crypto so you can keep your investment safe.
There are two main ways to store crypto: online and offline. Online storage is typically more convenient, but offline storage is more secure.
When storing crypto online, you have two options: hot wallets and cold wallets.
Hot wallets are online wallets that are connected to the internet. They’re convenient because you can access them from anywhere, but they’re also less secure because they’re vulnerable to hacking.
Cold wallets are offline wallets that are not connected to the internet. They’re more secure because they’re not vulnerable to hacking, but they’re less convenient because you can’t access them from anywhere.
The best way to store crypto is to use a combination of both hot and cold wallets. That way, you can enjoy the convenience of a hot wallet while still keeping your crypto safe with a cold wallet.
Here are some popular hot and cold wallets that you can use to store crypto:
-Ledger Nano S
No matter which wallets you choose, make sure to take security precautions. For hot wallets, this means using a strong password and two-factor authentication. For cold wallets, this means storing your wallet offline in a secure location.
With these tips, you’ll be able to store crypto safely so you can enjoy peace of mind knowing your investment is secure.