How To Secure Your Cryptocurrency In 2020

Nov 8, 2019 · 5 min read

There Is A History Of Cryptocurrency Being Lost Or Stolen.

Figure 1: The Binance hack caused the price of the cryptocurrency to slip drastically.

Use Common Sense And Apply Necessary Security Principles To Protect Your Cryptocurrency

Figure 2: Two-factor authentication is a good security measure.

There Are Many Different Types Of Cryptocurrency Wallets.

Figure 3: MyEtherWallet allows you to send ether and compatible ERC-20 tokens.

1) Online Wallets (Also Known As “Hot Wallets”):

Figure 4: The Jaxx multi-cryptocurrency wallet has a responsive design.

2) Mobile Wallet (Also Known As “Warm Wallets”):


Figure 5: The Robinhood wallet allows you to invest in a variety of assets — all commission free!
Figure 6: The Celsius wallet allows high annual interest payments on stored cryptocurrency.
Figure 7: The Exodus multi-cryptocurrency desktop wallet has an intuitive interface.

3) Desktop Wallet (Also Known As “Warm Wallets”):

Figure 8: The Ledger Nano cryptocurrency cold storage wallet.
Figure 9: The Trezor cryptocurrency cold storage wallet.

4) Hardware Wallet (Also Known As “Cold Wallets” Or “Cold Storage”):

Figure 10: An example of a cryptocurrency paper wallet.

5) Paper Wallet:

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