5 Ways to Store Your Crypto Safely and Avoid Hacks

-Crypto investors are advised not to store their crypto funds on centralised platforms like exchanges or DeFi platforms because these platforms are prone to hacks.

-Crypto wallets are pieces of hardware or software used to store crypto assets. Every crypto wallet has an identity, which comprises a pair of private keys and public keys.

-Public and private keys provide an alphanumeric identifier for a crypto wallet, which is called a wallet address.

-The crypto wallet address specifies where crypto tokens can be sent on the blockchain network.

-Crypto wallets can be divided into two broad categories based on the underlying technology with which they are built: hardware wallets and wallets for software.

-Hardware wallets are further subdivided into USB flash drives, Bluetooth devices, and paper wallets.

-Software wallets are further classified into desktop wallets, mobile applications, and browser-based wallets.

 

https://akm-img-a-in.tosshub.com/businesstoday/images/story/202207/cryptocurrency-wallets-sixteen_nine.jpg

cryptocurrency wallets 5 Ways to Store Your Crypto Safely and Avoid Hacks
5 Ways to Store Your Crypto Safely and Avoid Hacks 2

Leave a Reply

%d bloggers like this: