Protecting your Cryptocurrency
Deciding on where to store your Cryptocurrency securely is obviously very significant, and there are many options such as; hardware wallets, online wallets, paper wallets and more. At StakeBurger we recommend the safest way to store crypto is by using a Hardware wallet.
Here is a list of the top 3 wallets to store your Cryptocurrency:
|Favourite||KeepKey Wallet||Bitcoin, Ethereum, Litecoin, Namecoin, Dogecoin, Dash, and Testnet|| 89.00 €
|Ledger Wallet Blue||20+ Coins||229.00 €
|Ledger Wallet Nano S||20+ Coins|| 58.00 €
Here are some other methods of Coin Storage:
- Hosted Wallet – Otherwise known as a software wallet, or software that you can download onto your PC. Some examples would be Armory or Ethereum; often different currencies require their specialized wallet to store their currency. This method is slightly less risky than on an exchange.
- Exchange – A site where people purchase cryptocurrencies online. Essentially you are placing trust in these exchanges to keep your currencies safe and manage them online. However, one of the leading issues with using an exchange is that Hackers are notorious for stealing from them.
- Paper Wallet –You can have your money and key physically printed on paper and mailed to your address. Then keep this document in a safe deposit box or a safe place at your home.
Overall, here at StakeBurger we believe that hardware wallets or a combination of offline storage is the safest way to store crypto. Spend some time to research the possibilities so you can have peace of mind your crypto is safe, secure and private. Be cautious with how you decide to store your cryptocurrency because the cheapest options may be the most costly. Once you have chosen your preferred method of protecting your coins, its time to learn How to Research which ones to invest in.