If you want to explore additional hardware wallet options, check out our article on the Top Hardware Wallets. That brings us to the highest level of crypto security and the purpose of this article: the almighty hardware wallet, the ultimate in safe crypto storage solutions. So hackers still have somewhere to start from whatever security is in place. Remember that both these options suffer from one crucial vulnerability: they are connected to the internet. Keeping your funds on a software wallet at least protects you from third-party risks such as exchange hacks and over-regulation of centralized platforms. This offers a reasonable level of protection from hackers and malware, assuming your phone remains protected against viruses and malware, and you enable extra security features like Biometrics, strong passwords, 2FA etc. The next level up in security would be using a software/mobile wallet that gives you access to your private keys via your phone. So is holding your funds there worth the risk? Even the safest of exchanges, such as Coinbase and Binance, have had their hack events in the past. Crypto exchanges are massive targets for hackers. Gox, Bitfinex, Coinbase, Binance, and the list goes on, my friends. However, you would have to trust that its security protocols can withstand attacks from hackers intent on following in the footsteps of those who robbed Mt. Yes, leaving your coins on an exchange is easier and more convenient. The most effective way to keep your crypto safe is, without a doubt, to store it on a hardware wallet. Image via LedgerĪs luck would have it, there is a way for you to keep from worrying about the safety of your crypto and products available to help you sleep soundly at night knowing that your funds are secure. There is nothing worse than losing our beloved crypto after all the work we’ve done and money spent to build up our holdings. ![]() The thought of having them stolen, or if the platform we hold them on, gets regulated into oblivion. From those who merely hold a few Satoshis, right up to those whales sitting on hundreds of thousands or even millions of dollars worth of coins, keeping them safe should be their number one concern which is one of the reasons people love the Ledger Nano X and other Ledger products.Īs crypto holders, we should always be asking ourselves how safe our assets really are and consider where we are stashing them. ![]() Security should always be at the forefront of any crypto holder’s mind.
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