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How to Safely Store Cryptocurrencies?
Recently, the market has been good, and some friends who have not been exposed to cryptocurrencies are starting to get restless. Here I remind you again, the most important thing in the crypto world is security! Security! Security! So the question arises, how should individual investors store cryptocurrencies?
Three types of wallets: hardware, software, cold wallets
1. Hardware wallet
A special 'U-shield' used to store private keys, not connected to the internet, with transaction signatures completed on the device.
Advantages: Private keys stored offline, very high security.
Disadvantages: Buying devices costs money, each transfer requires plugging in the device and entering a PIN, not suitable for high-frequency trading.
Three types of wallets: hardware, software, cold wallets
1. Hardware wallet
A special 'U-shield' used to store private keys, not connected to the internet, with transaction signatures completed on the device.
Advantages: Private keys stored offline, very high security.
Disadvantages: Buying devices costs money, each transfer requires plugging in the device and entering a PIN, not suitable for high-frequency trading.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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