Many people have lost there cryptocurrency due to the fact that they can not secure there wallet. There are two types of wallet which are offline wallet and online wallet. With online wallet we can save our coin without connecting to the internet. Using this method is the safest.
Keeping your crypto assets safe
- Thread starter Enxx
- Start date
It all depends on what you are doing with your cryptocurrency. If you are trading, you are likely to keep your cryptocurrency in exchange platform. If your cryptocurrency is not doing anything, there is no need of keeping it of keeping it online.
One of the best ways to keep your cryptocurrencies safe is to make sure that you never share your pass key or wallet keys with anyone around you.
- Thread starter
- #4
And also we should save the passkey in different places so that when we loss or don't remember one place, we will use the other place we store them
Imo, hot wallets should only be used for daily transactions which are relatively small amounts while for trading you can store a moderate amount of crypto on a crypto exchange, but for large amounts you have to store in a cold wallet for the long term.
Exactly no need always sharing sensitive information with the next person it isn't worthwhile.
Having your crypto assets safe is of vital importance, it is obvious but sometimes we do not, it is best to have a cold wallet but if it is not the case there are very safe and decent wallets such as electrum, exodus coinomi etc.