Where to keep your crypto?

Where to keep my crypto?


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How to chose crypto wallet

 

After using a few wallets, here is my simple guide for you to decide what wallet to use.

If you use a software wallet, put $5, delete the wallet and restore it. This is to ensure that you are able to successful restore the wallet before you start to deposit more crypto. Many people, including me, have lost crypto because we could not read our own handwriting or misplace the seed passwords. Please keep a backup of any of the wallet. For example, if you decide to use a hardware wallet, backup in another one.

 

For cryptos that you trade often, you can leave it in top rated centralised exchanges. Those that you wish to holdle for long term, keep it in a hardware wallet.

If you intent to use DeFi services, you most probably want to get the Nano ledger X and get familiarise with Metamask wallet.

If you intent to keep crypto for long term without using DeFi services, SafePal will be a good choice as it is cheap and secure with as it works totally offline.

If you plan to hold a wide variety of tokens, ImToken is a good choice, for added security, please get the hardware token KeepKey which only works for ImToken.

Lastly, for tokens that you do not plan to move for a very long time and do not wish to neither spend any money nor learn the technicality of a hardware token, store your crypto on their respective paper wallet. Paper wallet is offered by some projects.

Please get it from the official crypto project owner website. Check to ensure the source is correct.

 

 

Abstract from my new book Exit Plan C, coming soon!

My other book wishIknew is free at www.wishiknewcomics.com (Comics Book on Blockchain, Bitcoin ...)

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Wishiknew
Wishiknew

Karen New wrote the 1st book on cryptocurrency, New Assets and Comic book on Blockchain - Wish I knew, in Singapore. She is also an adjunct lecturer at the Singapore FinTech Association on Crypto Literacy, and an Oxford alumnus.


New Assets 3.0 - Ride on the Cryptocurrency Wave
New Assets 3.0 - Ride on the Cryptocurrency Wave

This will be a compilation of information from the Book New Assets - Ride on the Cryptocurrency wave. Starter kit for anyone new to crypto.

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