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Safest place to keep cryptocurrency


Hardware wallets are universally considered to be the safest way to hold your crypto. They consist of physical devices that store and generate keys without any connection to the Internet and, as such, fall into the classification of cold wallets.

Where is the safest place to keep your cryptocurrency?

Cold storage can protect your digital assets by taking them offline and harboring your crypto in a digital wallet. Since these digital wallets aren't connected to the internet, they're less susceptible to hacks.

How do I keep my cryptocurrency safe?

Exchanges (Least Secure)\n\n The problem with exchanges is that they hold onto the crypto for all their users. Therefore, they become a huge honeypot for hackers to try and break into.

What is the least safe place to keep your cryptocurrency?

Related to the points just made, rather than keeping coins on exchanges or with brokerages, it's far safer to custody your own assets. This means keeping them in a physical hardware wallet similar to a USB drive or alternatively, in an online software wallet.




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