Cryptocurrency Storage and Exchange Options

By Coinmatics on Altcoin Academy

Coinmatics

Published in

Game of Life

4 min readDec 2, 2019

Today, we are discussing the combination of a hardware wallet and a convenient exchange.

Storage. Hardware wallet.

There are several ways to store cryptocurrency, such as software wallets, exchange wallets, mobile wallets. A hardware wallet is considered the most secure option.

From all the spectrum, we’ve chosen a Swiss one called Digital Bitbox.

Trending Cryptocurrency Hub Articles:

1. Saving Billions: How Blockchain Is Changing Marketing & Advertising
2. How Blockchain Technology is Taking the Gambling Industry to a New Level
3. Beyond Crypto. Applying Blockchain to Different Spheres of Life
4. A Crypto that will Pay You

Confidentiality and security is something that the creators of the wallet paid special attention to:

All transactions are signed with a hardware key in an isolated environment inaccessible via the internet or a computer;
Transactions are confirmed by physical contact with the device;
The housing of the device is made of a firm material, which is used for manufacturing bullet-prove glass;
The keys are stored in a chip that is physically impossible to extract (its lifespan is 50 years);
Offline restoration of data is possible via an SD.
Bitcoin, Ether, Litecoin, and ERC-20 tokens are supported. IOS and Android versions are available.

If the wallet happens to fall into the wrong hands, a password will serve as the first line of protection. Then phone confirmation will be required. Thanks to 2FA, the wallet is one of the most reliable options to store cryptocurrency. The wallet costs about $110.

Well, we’ve decided on a wallet.

So let’s find out how to cash cryptocurrency out easily.

We’ll study one of the best options from the broad range of options, which is the Payeer payment system.

There are some of its features:

It’s operable in 200 countries;
USD, EUR, RUB, Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash.
Low commission fee. While other exchanges take 2%, Payeer’s commission fee is no more than 1%.
Possibility to make anonymous transactions with no account verification;
Mobile version in AppStore and GooglePlay.

12 million people use Payeer now.

Of course, the assets can be stored on Payeer, but it is not as secure as a hardware wallet. Though, as an exchange, Payeer is highly convenient: it’s possible to exchange bitcoin to dollar and transfer assets from a hardware to a bank card.

Here is a combination of secure cryptocurrency storage and cheap, convenient exchange.

But to store and exchange cryptocurrency, it should be obtained somehow. Cryptocurrency trading is, of course, one of the most accessible ways to make a profit.

Coinmatics provides an opportunity to increase your profits with the help of auto-trading, which enables beginning traders to income by subscribing to experienced traders who, in turn, can establish any level of the fee paid for copying their deals.

The service is available to registered users in Signal Providers. There is a rating of crypto traders; it’s possible to study their deals and add your account via an API key. For more on the service.

Gain, store, and exchange cryptocurrency the best way only!