How to keep your cryptos secure?
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How to keep your cryptos secure?


Are your assets in danger?

To answer this question, you will have to ask yourself, do I keep all my eggs in the same basket? If yes, your should be a bit stressed, trust me. In the past, a lot of attacks were targeting crytpos blockchains and exchanges. Even Binance lost 7000 BTC in 2019 because of hackers. You should absolutely never put all your cryptos on the same Exchange/Wallet. In fact, there are some basic rules you should follow, but before introducing those rules, let's learn a bit about Hot, cold wallets.

Hot wallets

Basicly, hot wallets are the ones who are connected to the internet, but even if there are some trusty wallet like Metamask, Trust Wallet, Coinomi,... your assets will never be secured at 99% (Nothing can be secured at 100%). I mean, if it's connected to the internet, it's risky, that's the rule.

Cold Wallets

Now that you know what are hot wallets, you certainly know what cold wallets are right? That's simply a wallet that is not connected to the internet. There are several companies that create cold wallets, but the most popular ones are Trezor and ledger. But keep in mind that, a cold wallet could get compromised too, not everybody could hack a ledger, but never forget that if it's made by human, another human could break it! You shouldn't worry too much about that with a good cold wallet, just remember that everything is possible.

Conclusion

As having all his eggs in the same basket a stupid idea, the best one should be to diversified as much as possible your assets locations. Having a bunch  of hot and cold wallets should be the best way to keep your cryptos secured, even if one of your device get hacked. 

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Urban Masters (Crypto)
Urban Masters (Crypto)

Urban Masters (Crypto) is a totally new community about cryptos. Follow us on instagram : @urban_masters_crypto


Urban Masters (Crypto)
Urban Masters (Crypto)

Urban Masters (Crypto) is a totally new community about cryptos. Follow us on instagram : @urban_masters_crypto

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