The prices of your cryptocurrency investments are going to start tracking higher and soon, and Are you ready to protect them to the best of your ability?This post is for anyone who is new to cryptocurrency and you're open to learning how is the best way to secure your cryptocurrencies. This is also for anyone who is not new to cryptocurrency and maybe they're taking their hardware wallet for granted.Let this serve as your reminder to take your cryptocurrency investment seriously and to take the security of them in your own hands.Because that's exactly why crypto currencies were created in the 1st place.If your goal is to continue to accumulate more and more Bitcoin and stack Sats for generational wealth and hardware wallets are definitely for you.If you're interested in learning even more ways that you can earn a passive income with your cryptocurrency holdings, and if you're interested in also protecting your privacy by using things like decentralized exchanges and Defy, I highly recommend also a hardware wallet, because these are the tools that allow you to interact with these Web 3 platforms in a way that still grants you security over your crypto currency investments.If you care at all, like crypto currencies were created, then you know that they were designed to grant you authority, ownership, and real responsibility over your financial investments, and a hardware wallet is an ideal tool to allow you to do this.
we've all been guilty of this at some point or another, but the events of the past two years should have rang the alarm for anyone who is still using custodial platforms like centralized exchanges, centralized lending platforms, or other wallet platforms that don't grant you access to your private key.If all you have to do to store your coins on a platform is Create an e-mail and a password, that is not a secure way to store your crypto currencies.These types of custodial platforms pose major risks that they will not tell you about.And I shouldn't even have to say this, but it's awfully disappointing when a hardware wallet company themselves tells their users, you know what, we'll take care of your seed phrase for you.We know it's difficult and we're going to be sacrificing your ownership, your privacy and putting that in the hands of third parties outside of your control potentially.And I'm not going to name names, but I have been a fan of that particular company for years until that news came out and I've effectively boycotted them.
If you want to know which hardware wallet I am most bullish on, and they've also been there from the start.Since 2014, they've attributed so much to the cryptocurrency space in terms of security and hardware wallets.You guys have to know I'm talking about Trezor here.Now, believe it or not, crypto currencies and the platforms that are built around them have become incredibly more user friendly than when I started.And more so it's a well known fact that user friendliness is a goal of anyone who's trying to build a platform or any kind of supporting ecosystem around cryptocurrencies.So they're just going to get more user friendly as time goes on.
And that's great, especially if that effort is being applied for things that enable you to take true ownership and custody over your cryptocurrency investments.Now, it is true that the seed phrase that you generate for a cryptocurrency wallet is should be held to the utmost respect by you.That is the security of your cryptocurrency. If you use a hardware wallet and you generate a seed phrase, it doesn't matter what happens to the device.It doesn't matter if it's lost, stolen or damaged.You can always gain access to your cryptocurrencies using your seed phrase.Now keep that in mind because the reverse is also true is that someone if they gain access to your seed phrase and maybe they don't have access to your device, they can also gain access to your crypto currencies.So without a doubt it is something that you should take with utmost responsibility and respect for your seed phrase. Crypto prices will continue to trade upwards in the near future.And a lot of people take this for granted.Or they just, you know, kick that can down the road as far as they can.
And if you don't have a hardware wallet already in your possession, you might find that they might be difficult to obtain in the future.As more and more people pour into making orders for hardware wallets, you might find yourself on a waiting list that could extend for months on end while your valuable crypto currencies are still at risk of counterparty risk and 3rd party risk presented by custodial solutions like centralized exchanges, centralized lending platforms, and other types of hot wallets.If you want to know which hardware wallet I recommend that you use, I'll be covering Trezor's newest hardware wallet out on the market that you can pre-order the Trezor safe Three.
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