How to store your coins
A 5-step guide to keeping your Solana and other assets/coins secure.
(This article is not financial advice. For educational purposes, only)
You can keep your own private keys and create cold storage. This is to eliminate counter-party risks such as centralized exchanges.
1.) To make your own cold storage, create your own wallet on a clean device.
(it’s worth it to use a fresh install on a clean drive or a new device)
2.) Write down the seed phrase (keep it to yourself, find a safe way to store it).
3.) Email yourself the wallet address for Solana and Ethereum
4.) Send a test transaction. Check the balance with a block explorer.
5.) Send the rest of the Solana then delete the wallet.
Your balance can be checked from any device without a wallet using the address and a block explorer.
Any time you need these funds, you can restore the wallet from your secret seed phrase using any device.
When accessing those funds, use your dedicated clean device. Consider it your crypto-punk console.
These risk management habits can help navigate the Solana and Ethereum eco-systems.
Solana and Ethereum are tools to strategically build your Bitcoin positions over time. $BTC can be stored in the Coinbase wallet which is similar to Phantom.
Thank you for reading!
For $SOL, $ETH, and ERC-20 tokens, you can use http://phantom.app
You can find my ref link to marinade.finance here. Use it to become part treasury owner of Solana’s largest liquidity provider.
You can support this anonymous publication using the power of Solana.
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