How to Keep your Crypto Safe

[Kyoshiro]

With the current merciless run of the bull market, it is only a matter of time before your crypto holdings surge in value. When it does, like it or not, crypto will unavoidably receive much-unsolicited interest from hackers. To not repeat the tragic Mt. Gox incident, holders are removing cryptocurrency from the exchange and decentralizing their storage.

The question of why you should purchase a wallet becomes the more pertinent question of which wallet should a cryptocurrency investor use. As do all forms of insurance, security comes at the cost of money and convenience. How should we balance it in a way that suits our risk profile?

In this post, I will summarize the unique features of the top 7 cryptocurrency wallets that an experienced holder must know of.

Desired traits of a Cryptocurrency Wallet

What are the desired traits of a crypto wallet and how hard can choose a wallet to be? This seemingly easy answer, unfortunately, does not have a satisfying answer: convenience may come at the cost of security; additional features may come at the cost of a steeper learning curve. More importantly, what are the traits that, ultimately, you value over the others? See the list below, not in order of importance:

Cost Is it free? What are the drawbacks of using this wallet?

Security Does the company have a track record of security excellence?

Mobility Is it easy to keep and difficult to lose? Is it accessible anytime, anywhere?

User-friendliness Is the wallet UI intuitively designed? Can I store a range of altcoins?

Convenience Am I able to make a fast purchase when the time calls for it?

Style Do I have a weakness for cool tech gadgets?
You may want a wallet that offers the best combination of the above-mentioned traits. Remember, all wallets have their edges and shortcomings.

7 Must Have Wallets: How To Keep Your Cryptocurrency Safe

KeepKey – Hardware Wallet

The coolest looking tech gadget to show off to your friends. Made by a relatively new company, KeepKey offers a hardware wallet of a polished design. KeepKey is said to be a port of Trezor’s code and firmware, so their main difference is the material. KeepKey feels like a ‘premium’ wallet but might be a little on the heavy side and hence more susceptible to drops. It comes with a standard, simple to use client UI.

Nano Ledger S – Hardware Wallet

Nano Ledger S is just as secure as the other two hardware wallets. It is popular because of its relatively low price of $65 compared to its competitors. Being smaller than KeepKey, it is more portable and easier to carry around. It is a hardware wallet that comes at a very competitive price.

Trezor – Hardware Wallet

Trezor is one of the first movers in the hardware wallet industry and sets the gold standard for crypto security. Trezor has a reputation for providing top-notch security, protecting against both virtual and physical theft. What Trezor lacks in style, it more than makes up in the security department. Even if your PC is compromised with malware, your private keys will still be safe with Trezor. In this sense, Trezor is more of a vault than a wallet.

Coinbase – Hot Wallet

Coinbase is an online web-based wallet and is the beginner-friendly version of GDAX. As a hot wallet, you can easily transfer to the GDAX exchange instantly, and for free. In the same interface, you can make quick purchases with fiat. What’s more, 100% of your crypto holdings on Coinbase is insured. You can activate 2-Step Verification and Google Authenticator for more protection, and Coinbase even has a vault available if you wish to trade convenience for an added layer of security. The only drawback is that Coinbase only offers Bitcoin and Ethereum wallets.

MyEtherWallet – Paper Wallet

Paper wallets are for those who wish to have their own private wallets without forking out cash for hardware wallets. The money saved could be invested in their coins. Simply generate your wallet online at myetherwallet.com and note your private keys. The website does not store or transmit any of your private information. If you don’t trust the online version, you can even download it from GitHub and run it offline. Paper wallets are free but require an in-depth knowledge to set it up properly. In short, this type of wallets generally take a lot of hassle and are not advised for novices.

Jaxx — Software Wallet

Carrying your crypto around safely and conveniently is no longer a distant dream. Behold Jaxx, the world’s first mobile wallet solution. Versions for iOS, Android, desktop and browser are now available. Jaxx uses a mnemonic seed to back up your wallet or transfer it to a different device. Jaxx allows you to receive your funds, scan QR code, view your crypto holdings, all in one intuitive app. Advanced features such as shapeshift integration and multiple platforms wallet linkage makes this the preferred wallet for the tech savvy. The only drawback with this wallet is that it might have a steep learning curve, and features might not be stable with all the new integrations. With time, this will prove to be a promising solution.

Electrum – Software Wallet

Electrum is a fast, lightweight wallet for desktop and mobile users. It has a long list of supported features to make it the most flexible wallet today. It offers cold storage solutions, integration with hardware wallets (KeepKey, Nano Ledger S, Trezor) and able to achieve anonymity (with Tor). On the security side, Electrum enables multi-sig support, and it is not tied to a centralized server, so server downtime will not be an issue. Overall, Electrum is the established software wallet solution out there that warrants a try-out.

Reference:
Velo, Suji (2018). https://www.blockgeeks.com

[Unknown]

How to keep your Crypto safe?

Just simply dont give your private key to others.

You do not need to post such long content, as much as possible rephrase it and use familiar words. I prefer short but clear posts.

[Kyoshiro]

How to keep your Crypto safe?

Just simply dont give your private key to others.

You do not need to post such long content, as much as possible rephrase it and use familiar words. I prefer short but clear posts.

I included some wallets that are surely secure when it comes to cryotocurrency. Don't worry, I'll make shorter post

[Goku01]

Make sure no one get your private key and avoid joining fake airdrops. Use 2 steps verification, different password for each site and save your password at offline store like your notebook or a pc which is not connected with internet. That's all i guess.

[Black ID]

A very long statement from you. I will also use some trusted wallets and in my opinion and everyone is safe. Like wallet from hardware like Leno S and others. I have never been worried about the security of my coin in the Crypto World, because I already believe in what I do and what I choose now.

[b-day38]

With the current merciless run of the bull market, it is only a matter of time before your crypto holdings surge in value. When it does, like it or not, crypto will unavoidably receive much-unsolicited interest from hackers. To not repeat the tragic Mt. Gox incident, holders are removing cryptocurrency from the exchange and decentralizing their storage.

The question of why you should purchase a wallet becomes the more pertinent question of which wallet should a cryptocurrency investor use. As do all forms of insurance, security comes at the cost of money and convenience. How should we balance it in a way that suits our risk profile?

In this post, I will summarize the unique features of the top 7 cryptocurrency wallets that an experienced holder must know of.

Desired traits of a Cryptocurrency Wallet

What are the desired traits of a crypto wallet and how hard can choose a wallet to be? This seemingly easy answer, unfortunately, does not have a satisfying answer: convenience may come at the cost of security; additional features may come at the cost of a steeper learning curve. More importantly, what are the traits that, ultimately, you value over the others? See the list below, not in order of importance:

Cost Is it free? What are the drawbacks of using this wallet?

Security Does the company have a track record of security excellence?

Mobility Is it easy to keep and difficult to lose? Is it accessible anytime, anywhere?

User-friendliness Is the wallet UI intuitively designed? Can I store a range of altcoins?

Convenience Am I able to make a fast purchase when the time calls for it?

Style Do I have a weakness for cool tech gadgets?
You may want a wallet that offers the best combination of the above-mentioned traits. Remember, all wallets have their edges and shortcomings.

7 Must Have Wallets: How To Keep Your Cryptocurrency Safe

KeepKey – Hardware Wallet

The coolest looking tech gadget to show off to your friends. Made by a relatively new company, KeepKey offers a hardware wallet of a polished design. KeepKey is said to be a port of Trezor’s code and firmware, so their main difference is the material. KeepKey feels like a ‘premium’ wallet but might be a little on the heavy side and hence more susceptible to drops. It comes with a standard, simple to use client UI.

Nano Ledger S – Hardware Wallet

Nano Ledger S is just as secure as the other two hardware wallets. It is popular because of its relatively low price of $65 compared to its competitors. Being smaller than KeepKey, it is more portable and easier to carry around. It is a hardware wallet that comes at a very competitive price.

Trezor – Hardware Wallet

Trezor is one of the first movers in the hardware wallet industry and sets the gold standard for crypto security. Trezor has a reputation for providing top-notch security, protecting against both virtual and physical theft. What Trezor lacks in style, it more than makes up in the security department. Even if your PC is compromised with malware, your private keys will still be safe with Trezor. In this sense, Trezor is more of a vault than a wallet.

Coinbase – Hot Wallet

Coinbase is an online web-based wallet and is the beginner-friendly version of GDAX. As a hot wallet, you can easily transfer to the GDAX exchange instantly, and for free. In the same interface, you can make quick purchases with fiat. What’s more, 100% of your crypto holdings on Coinbase is insured. You can activate 2-Step Verification and Google Authenticator for more protection, and Coinbase even has a vault available if you wish to trade convenience for an added layer of security. The only drawback is that Coinbase only offers Bitcoin and Ethereum wallets.

MyEtherWallet – Paper Wallet

Paper wallets are for those who wish to have their own private wallets without forking out cash for hardware wallets. The money saved could be invested in their coins. Simply generate your wallet online at myetherwallet.com and note your private keys. The website does not store or transmit any of your private information. If you don’t trust the online version, you can even download it from GitHub and run it offline. Paper wallets are free but require an in-depth knowledge to set it up properly. In short, this type of wallets generally take a lot of hassle and are not advised for novices.

Jaxx — Software Wallet

Carrying your crypto around safely and conveniently is no longer a distant dream. Behold Jaxx, the world’s first mobile wallet solution. Versions for iOS, Android, desktop and browser are now available. Jaxx uses a mnemonic seed to back up your wallet or transfer it to a different device. Jaxx allows you to receive your funds, scan QR code, view your crypto holdings, all in one intuitive app. Advanced features such as shapeshift integration and multiple platforms wallet linkage makes this the preferred wallet for the tech savvy. The only drawback with this wallet is that it might have a steep learning curve, and features might not be stable with all the new integrations. With time, this will prove to be a promising solution.

Electrum – Software Wallet

Electrum is a fast, lightweight wallet for desktop and mobile users. It has a long list of supported features to make it the most flexible wallet today. It offers cold storage solutions, integration with hardware wallets (KeepKey, Nano Ledger S, Trezor) and able to achieve anonymity (with Tor). On the security side, Electrum enables multi-sig support, and it is not tied to a centralized server, so server downtime will not be an issue. Overall, Electrum is the established software wallet solution out there that warrants a try-out.

Reference:
Velo, Suji (2018). https://www.blockgeeks.com

For  now all my bounty tokens are currently stored at myetherwallet which is i believe also it's a safe place to store than an exchange market.

[cryptoinvestment]

Certainly not to use very good options and interests with strangers who claim to be specialists and write to us.

[avicii]

Thanks. this is very helpful for me. I'm a beginner in this. I always put my crypto on the exchange. that is my mistake.

[leodiaz]

The points you mentioned are very important @ goku01. I think everyone must pay close attention to the funds to secure their private keys so that others don't know. And do not enter any site because it could be phishing.

[Icarus]

How to keep your Crypto safe?

Just simply dont give your private key to others.

You do not need to post such long content, as much as possible rephrase it and use familiar words. I prefer short but clear posts.

As long as it is informative nothing wrong with that. Atleast the post is helpful and the long post doesn't matter because of the content. Keep it up kyoshiro.

[JasmineRose]

To keep my asset, i just save my private key and password well and upload it on cloud computing
I'm not use hardware wallet because it can broke and lose

[Doovla]

Your crypto is safest not in exchange wallet but in the wallet with password or private key. It is a must for me personaly to suggest with ERC20 platform altcoins to go with MEW. Great usage and fast transfer.

[dalaganicole]

How to Keep your Crypto Safe?

1. Don't give your private key to others
2. Don't save your password  to the browser
3. Avoid clicking some apps that are pop-up adds to your computer
4. install anti-virus & anti-malware

[altery0518]

With the current merciless run of the bull market, it is only a matter of time before your crypto holdings surge in value. When it does, like it or not, crypto will unavoidably receive much-unsolicited interest from hackers. To not repeat the tragic Mt. Gox incident, holders are removing cryptocurrency from the exchange and decentralizing their storage.

The question of why you should purchase a wallet becomes the more pertinent question of which wallet should a cryptocurrency investor use. As do all forms of insurance, security comes at the cost of money and convenience. How should we balance it in a way that suits our risk profile?

In this post, I will summarize the unique features of the top 7 cryptocurrency wallets that an experienced holder must know of.

Desired traits of a Cryptocurrency Wallet

What are the desired traits of a crypto wallet and how hard can choose a wallet to be? This seemingly easy answer, unfortunately, does not have a satisfying answer: convenience may come at the cost of security; additional features may come at the cost of a steeper learning curve. More importantly, what are the traits that, ultimately, you value over the others? See the list below, not in order of importance:

Cost Is it free? What are the drawbacks of using this wallet?

Security Does the company have a track record of security excellence?

Mobility Is it easy to keep and difficult to lose? Is it accessible anytime, anywhere?

User-friendliness Is the wallet UI intuitively designed? Can I store a range of altcoins?

Convenience Am I able to make a fast purchase when the time calls for it?

Style Do I have a weakness for cool tech gadgets?
You may want a wallet that offers the best combination of the above-mentioned traits. Remember, all wallets have their edges and shortcomings.

7 Must Have Wallets: How To Keep Your Cryptocurrency Safe

KeepKey – Hardware Wallet

The coolest looking tech gadget to show off to your friends. Made by a relatively new company, KeepKey offers a hardware wallet of a polished design. KeepKey is said to be a port of Trezor’s code and firmware, so their main difference is the material. KeepKey feels like a ‘premium’ wallet but might be a little on the heavy side and hence more susceptible to drops. It comes with a standard, simple to use client UI.

Nano Ledger S – Hardware Wallet

Nano Ledger S is just as secure as the other two hardware wallets. It is popular because of its relatively low price of $65 compared to its competitors. Being smaller than KeepKey, it is more portable and easier to carry around. It is a hardware wallet that comes at a very competitive price.

Trezor – Hardware Wallet

Trezor is one of the first movers in the hardware wallet industry and sets the gold standard for crypto security. Trezor has a reputation for providing top-notch security, protecting against both virtual and physical theft. What Trezor lacks in style, it more than makes up in the security department. Even if your PC is compromised with malware, your private keys will still be safe with Trezor. In this sense, Trezor is more of a vault than a wallet.

Coinbase – Hot Wallet

Coinbase is an online web-based wallet and is the beginner-friendly version of GDAX. As a hot wallet, you can easily transfer to the GDAX exchange instantly, and for free. In the same interface, you can make quick purchases with fiat. What’s more, 100% of your crypto holdings on Coinbase is insured. You can activate 2-Step Verification and Google Authenticator for more protection, and Coinbase even has a vault available if you wish to trade convenience for an added layer of security. The only drawback is that Coinbase only offers Bitcoin and Ethereum wallets.

MyEtherWallet – Paper Wallet

Paper wallets are for those who wish to have their own private wallets without forking out cash for hardware wallets. The money saved could be invested in their coins. Simply generate your wallet online at myetherwallet.com and note your private keys. The website does not store or transmit any of your private information. If you don’t trust the online version, you can even download it from GitHub and run it offline. Paper wallets are free but require an in-depth knowledge to set it up properly. In short, this type of wallets generally take a lot of hassle and are not advised for novices.

Jaxx — Software Wallet

Carrying your crypto around safely and conveniently is no longer a distant dream. Behold Jaxx, the world’s first mobile wallet solution. Versions for iOS, Android, desktop and browser are now available. Jaxx uses a mnemonic seed to back up your wallet or transfer it to a different device. Jaxx allows you to receive your funds, scan QR code, view your crypto holdings, all in one intuitive app. Advanced features such as shapeshift integration and multiple platforms wallet linkage makes this the preferred wallet for the tech savvy. The only drawback with this wallet is that it might have a steep learning curve, and features might not be stable with all the new integrations. With time, this will prove to be a promising solution.

Electrum – Software Wallet

Electrum is a fast, lightweight wallet for desktop and mobile users. It has a long list of supported features to make it the most flexible wallet today. It offers cold storage solutions, integration with hardware wallets (KeepKey, Nano Ledger S, Trezor) and able to achieve anonymity (with Tor). On the security side, Electrum enables multi-sig support, and it is not tied to a centralized server, so server downtime will not be an issue. Overall, Electrum is the established software wallet solution out there that warrants a try-out.

Reference:
Velo, Suji (2018). https://www.blockgeeks.com

This is really a good to help to me and to other people who want learn more about crypto most especially in choosing the right way to keep our cryptocurrency investment safe.

[Bhussainn2]

sure no one get your private key and avoid joining fake airdrops. Use 2 steps verification, different password for each site and save your password at offline store like your notebook or a pc which is not connected with internet. That's all i guess.