Is Your Cryptocurrency Safe?
Where do you store your coins? Is it safe? Do you have the private keys to the wallet?
Digital wallets they have a few-
Bitcoin exchange(we don't own the private keys),
hot wallet (we own the keys),
then there is the next lvl trezor and ledger nano(one of the best places to keep it)hardware wallet (offline wallet).. well thats my understanding of it..
Bitcoin exchange(we don't own the private keys),
hot wallet (we own the keys),
then there is the next lvl trezor and ledger nano(one of the best places to keep it)hardware wallet (offline wallet).. well thats my understanding of it..
** Did you know if A Bitcoin exchange shuts down (i.e Mt Gox), you don't get to get your coins back because you don't own the Keys?** (You can read up on it.)
Bitcoin exchanges- Luno, Kracken, coin base, coin jar, coin spot, kiwi coin, there are heaps more pending on country
Hot wallet- Exodus(desktop wallet), mobile wallet app Jaxx, bread wallet, mycelium, and a few more.. (have more to add? please comment at the bottom) all of this are free to download online and on Android and ISO.
Hardware wallet- Trezor and Ledger nano
I am not sure where My Ether wallet sits.... I am guessing hot wallet...?
If I have missed something please do add or correct me, Learning as I go.
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