How To Safely Store BITCOIN And Other Cryptocurrencies (Which Wallet is the SAFEST)

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tmang1965
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Hi There, in todays video we will look at cryptocurrency wallets. I will explain how do they actually work. What wallet you might want to use based on your preferences. And what is the SAFEST way for you to store your CRYPTO/ BITCOIN.

One of the main reasons why people like Bitcoin and other Cryptocurrencies is that it is anonymous to own for most parts. It my opinion it is a good thing, but with that being said, there is a huge responsibility put upon the wallet owner.

Just a quick example. When you lose your debit card, the bank will issue you new one. When you lose access to your crypto wallet (Private Key), you lose all your crypto associated with that wallet. There is no one who can help you to get it back.

That's why it is so IMPORTANT to keep you Private Key safe and NEVER EVER share it with anyone!

Lot of people will be thinking why should they buy the hardware wallet? "Why should I buy the hardware wallet? I have been using my web wallet for a year now and I have never ever had an issue with it". It is simple, it only takes one time to lose all your crypto. If you have more than $300-$500 in Crypto, I would strongly suggest to buy hardware wallet. Go with Ledger or Trezor, their wallets start at $59, but it will give you peace of mind when you go sleep, because you know that your Crypto is safe! :)


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Crypto Wallets
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