The Most Comprehensive Cryptocurrency Wallet Guide

What is a Digital Wallet?

Cryptocurrency Wallet Types

Digital wallet security

  • Update your software regularly. Updates often patch latest security holes and enable the most up-to-date security means.
  • Backup your wallet. Creating several copies of your software wallet can prevent the worst scenario — losing your fortunes to software or hardware failure.
  • Try to avoid keeping your assets in exchanges. Coinbase, Bittrex or Polonex may seem convenient options, but every player who’s been in the game for awhile will tell you this: it’s hazardous to keep your funds there. Over the short history of Bitcoin, there were numerous instances where exchanges have been closed, hacked or just disappeared never to be heard from again. Differently than banks, most cryptocurrency exchanges are not legally bound (yet) to compensate their users, therefore choosing an exchange platform with an excellent reputation is of paramount importance.
  • Use a different browser to access your online wallet. Browser extension malware is a classic way to steal your online wallet access. Allocating a specific, and most importantly, clean browser to access your online portfolios will reduce the probability of theft.
  • KEEP YOUR KEYS PROTECTED. The most important thing to remember is to keep your keys safe. If you lose your wallet’s private key, you will lose your investment forever.

Which cryptocurrency wallet is the best?

Unlisted

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Co-founder and CEO at Fast Invest | FinTech | Digital Banking | Investments | Global Financial Business Development

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Simona Vaitkune

Simona Vaitkune

Co-founder and CEO at Fast Invest | FinTech | Digital Banking | Investments | Global Financial Business Development