You have invested in the cryptos. Now the big challenge is for you to store them so that they can’t be stolen from you. However, there are many ways to store them and maintain security. You must use the cold wallet and have a strong password. Besides, follow these tips for maintaining good security:
Hot Wallet
One of the most common ways to store your cryptocurrency is to use a wallet. Most people use a hot wallet. Now a hot wallet is a digital wallet that is connected to the internet and can be accessed through computers, smartphones, and tablets. It is easy to use this wallet, and one can access and make transactions fasters with the hot wallet. But, the most important thing that this wallet lacks are security. Yes, this wallet is not that secure, and it can be hacked since it is connected to the internet. So, I will recommend you all stay away from this digital wallet when you are going to store your valuable cryptocurrencies.
Cold Wallet
It is the safest option for investors to store cryptocurrency. That is because one can keep all the assets in the wallet without any worries. Now, the most beneficial thing about this storage is that it is not connected to the internet. So, it won’t be hacked, and only you will be able to access this wallet with your keyphrase. If no one else doesn’t have the key phrase, then they won’t be able to access your crypto. It is used by almost all the people who have brought cryptocurrencies.
Know Your Enemy
One of the most important things that you must have to consider when you are going to store your cryptos is that you have to know your enemies. That you because if you don’t know who can steal your assets, then how on earth will you be able to stay secure? So, the first thing for you is to find out who can be a threat to you and your digital assets. You have to keep a password that won’t know anyone except you.
Strong Password
It doesn’t matter which method you use or which digital wallet you use; you will need a password so that you can access that wallet. So, it is mandatory to make a strong password so that one else can guess and access that password of yours. At the same time, if you create a weak password, then there is a good chance that other people will be able to hack your account and steal all your digital assets. That’s why you must create a strong password, and no one except you can remember and know. Don’t use the date of birth, name, or location as a password. Instead, use something unique that only you can remember.
Don’t Store All in One Wallet
It doesn’t matter which wallet you are using. Just don’t store all of your cryptos in one wallet. Instead, you must have to store them in various wallets and place them in a manner so that if they get stolen, that won’t affect you.