{"id":564,"date":"2023-03-18T14:56:53","date_gmt":"2023-03-18T07:56:53","guid":{"rendered":"http:\/\/3.114.29.209\/?p=564"},"modified":"2024-05-13T07:43:34","modified_gmt":"2024-05-13T00:43:34","slug":"how-to-keep-your-crypto-safe","status":"publish","type":"post","link":"https:\/\/bitcoinvn.io\/news\/how-to-keep-your-crypto-safe\/","title":{"rendered":"How To Keep Your Crypto Safe In 2023"},"content":{"rendered":"\r\n

If this is the first question you are googling before getting into the crypto world,.<\/span>I would say you are qualified to enter the market.\u00a0<\/p>\r\n\r\n\r\n\r\n

From my experience lots of people are starting off with something much.<\/span>\u2018sexier\u2019 like: how to invest, how to get rich with crypto. But what\u2019s the point for growing it, and looking at it disappearing?<\/p>\r\n\r\n\r\n\r\n

Take my advice: You can never be too paranoid in this field, and you should be paranoid. When someone says you are a psychopath with all of your crazy.<\/span>set-ups around your crypto assets, you are good to go \ud83d\ude42<\/p>\r\n\r\n\r\n\r\n

There are potentially a lot of wallets out there,.<\/span>but you only need to know if it\u2019s a HOT or a COLD wallet.<\/p>\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
HOT WALLET<\/strong><\/td>\r\nCOLD WALLET<\/strong><\/td>\r\n<\/tr>\r\n
less secured<\/td>\r\nmore secured<\/td>\r\n<\/tr>\r\n
Easier, \u201cplug & play\u201d<\/td>\r\nMore required skills to set up<\/td>\r\n<\/tr>\r\n
connected to the internet<\/td>\r\nnot connected to the internet<\/td>\r\n<\/tr>\r\n
should be used to keep amount for frequent use purposes<\/td>\r\ntroublesome to transfer out, more for long term saving<\/td>\r\n<\/tr>\r\n
mobile wallet, cloud wallet, software wallet, exchange wallet<\/td>\r\noffline wallet, hardware wallet, paper wallet, multisig wallet<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n\r\n\r\n\r\n

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I will number the list starting with the most secure way to store your crypto, and going down to the least. Because that would be my recommendation. If it\u2019s too much for you, feel free to read from the bottom up.<\/p>\r\n\r\n\r\n\r\n

1. An offline-multisig wallet<\/strong><\/h2>\r\n\r\n\r\n\r\n
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Of course, it\u2019s the most secure set-up, but the bad news is: It is not easy to set it up for the average non-technical person. It\u2019s rather quite complicated. First, you need a brand-new laptop (just out of the box, never connected to internet etc\u2026), and get the program installed via a (should be) new USB stick, to create the multisig address.<\/p>\r\n\r\n\r\n\r\n

A standard multisig wallet includes 3 private keys, which always require 2 out of 3 keys to send the funds out. You can also level it up by acquiring a 8 out of 10 multisig for example.\u00a0<\/p>\r\n\r\n\r\n\r\n

2. A hardware wallet\u00a0\u00a0<\/strong><\/h2>\r\n\r\n\r\n\r\n