#MarketPullback
Stablecoins, AI and real-world assets tokenization are trending, but wallets, crucial for interaction and storage, are overlooked and left unde discussed!
In 2023, over $1.7 billion was lost to hacks, mainly due to exchange vulnerabilities (source: Chainalysis). Crypto wallets are key to avoiding such losses.
They enhance security and control over digital assets, reducing hack risks. Decentralized wallets offer:
- Less exposure to centralized exchanges.
- Cold storage through hardware or paper wallets, protecting assets offline.
- Seed phrases for recovery, allowing access without relying on compromised parties.
📌 Crypto wallets like TrustWallet, Metamask, Rabby_io, zerion, Ctrl_Wallet and vultisig
store and manage cryptocurrencies, making them accessible to the public.
They secure assets, enable transactions, and simplify blockchain technology for everyday users, aiding mass adoption
Here are some recommended wallet categories to add with proper strategy to remain safu in the cryptocurrency space
Let’s get in 👇🏼
💳 A saving wallet on a different device or cold wallet to store your profits
Wallet-1) Main Retroactive Wallet: This is your primary wallet for tier 1 and other popular chains or projects interactions
Wallet-2) Testnet Wallet: Use this wallet for testing popular blockchains or projects.
Wallet-3) Testnet 2 Wallet: Reserve this wallet for unfamiliar projects on the testnet.
Wallet-4) Random Degen Wallet: Keep this wallet handy for random drops.
📌For Degens have 2-3 different trading bots for different trades differentiating bluechip memes from random memes to avoid being drained
To maximize security:
- Create another email address.
- Use that email address to create a separate new Twitter and Discord accounts.
For unfamiliar projects with Zealy or Galxe Quest that requires you to visit their website and connect wallet:
♻️Connect WALLET 3 to your Galxe account
♻️Add the new email,discord and Twitter accounts to it
