How to Protect Your Bitcoins Against Theft and Hacks ?
Even though the #cryptocurrency industry has only gone mainstream over the past decade, it has already produced a narrative so well known it's almost a cliche. An individual, or perhaps even a digital currency exchange, is subjected to a malicious hack.
NOTE:
âą Security experts recommend against keeping any cryptocurrency holdings on digital currency exchanges.
âą While the cryptocurrency space continues to evolve at an astonishing rate, so too are the hacking methods used by thieves to steal digital currency.
âą Prudent investors should take precautions to secure their cryptocurrency holdings.
âą One of the best safety measures is a cryptocurrency wallet; "cold storage" wallets look like USB drives and are not connected to the internet to safeguard their cryptocurrency contents against hacks.
COLD WALLETS:
âą Many investors buy a popular digital currency like #Bitcoin or Ether on an exchange, only to keep the currency on that platform. Digital exchanges take safety precautions to prevent thefts, but they are not immune to hacks.
âą One of the best ways to protect your investment is to secure a wallet. There are two primary types of cryptocurrency wallets. Of the two, "cold storage" or "cold wallet" hardware devices are the safer option.
RECOMMENDED COLD WALLETS:
âą Trezor Model One
âą Ledger Nano S
âą Trezor Model T
WHENEVER PURCHASING THIS WALLETS YOU SHOULD MAKE SURE TO PURCHASE IT ONLY FROM THEIR OFFICIAL WEBSITES AND NOT FROM OTHER WEBSITES.
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