What is the safest crypto wallet?
Cold wallets are the most secure type of crypto wallets and the best type of crypto wallets to store Bitcoin and other crypto coins and tokens long term. Cold wallets (hardware wallets) store cryptos on physical devices like a USB stick or flash drive and are not connected to the internet. Hence, they are incredibly secure and protected from theft and hacks. The Ledger Nano X is one of the top crypto hardware wallets.
Where can I buy the best crypto hardware wallet?
It’s highly recommended to buy directly from the manufacturer. It’s important to never buy your cold hardware wallet from third-party websites such as Amazon, EBay, BestBuy, Staples, AliExpress etc. This is because when you buy from third parties, you are more susceptible to receiving a compromised device, which could make you lose any coin stored on the device. Essentially, you are more vulnerable to losing your crypto investments because of the possible exposure to a device that has been tampered with.
As explained in the crypto for beginners tutorial – 5 Things To Do Before Investing In Crypto, it’s essential to move your crypto offline to a cold wallet.
📚 READ: 5 THINGS TO DO BEFORE INVESTING IN CRYPTO ✅
There are several crypto cold hardware wallets and the best are the Ledger Nano X or the Ledger Nano S Plus.
✅ To buy your cold wallet securely and safely directly from the manufacturer:
SHOP LEDGER WALLET? CLICK HERE
Why should I store crypto on a cold wallet?
Cold wallets serve essentially as bank accounts that enable users to store and hold cryptos safely and securely offline. If you store your Bitcoin and cryptos on any crypto exchange, the exchange essentially owns and controls your digital assets and crypto investments.
In addition, you run the risk of losing your crypto should the exchange go bust, bankrupt or run away. Essentially, whenever you buy any coin or token on any crypto exchange, it’s important that you transfer it immediately to your cold wallet such as Ledger Nano X. By so doing, you own and control access to your crypto.
Remember, the first rule for investing in cryptocurrency is: Never Leave Your Bitcoin or any crypto on any exchange. If you do, you run the risk of losing your investment to hackers or crypto exchange runs. You need to store your crypto offline in your cold wallet so no one has access to your digital assets, especially hackers.
What is the best way to protect and store Bitcoin?
The best way to protect and store your Bitcoin and crypto is to transfer off a crypto exchange into a cold wallet such as a Ledger Nano X.