Sirwin
Sirwin
BTC

Second important decision if you start with cryptocurrencies


Hello again! We started from scratch, doing a good study of the exchanges we found to choose the one that best suits our needs, we are going to continue with another important step, which is the choice of the wallet that we will use to store the assets that we are not going to invest. . The idea is to protect them from possible attacks that exchanges may suffer.

For this we must know that there are two types of wallets, which are called hot wallet or cold wallet.

-Hot wallets are connected to the network and therefore are more exposed. It is advisable to do a study of the authentication factors they use. They have a more intuitive interface so they are easier to use. They are usually free.
-Cold wallets do not have their own internet connection. They are devices similar to a flash drive that one must buy. They do not accept all types of currencies.

It is likely that you already know some and since it is a personal choice of each person, I am not going to recommend or promote any in particular. Remember to always take into account what we need before making a decision and DYOR.

 

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The Crazy Dude
The Crazy Dude Verified Member

I am interested in this new era we are coming into. I will post all the things I´ll found. @The_passenger80 follow me on Twitter


Cryptoworld by The Crazy Dude
Cryptoworld by The Crazy Dude

Initial nonfinancial advice for people who start their journey in this field, conspiracy news, and personal thoughts. Do not forget to follow all my advice if you want to lose your family because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"

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