Keeping your cryptocurrency safe.
Author: Andrew Reynolds Date Posted:26 November 2017
With the value of Cryptocurrency rising, it makes sense to keep your coins secure. There are different ways you can manage your coins (Bitcoin, Ethereum, Litecoin, Ripple, Dash, Monero etc).
The least secure is when you give someone custody of your private keys to your wallets. An example of this is when you have a web-based wallet on an exchange. You no longer control what happens with your coins. If the exchange is compromised by hackers, you risk losing your coins. Its far better for you to retain your private keys by hosting your coin's wallet on your phone, or better still, your computer.
The safest way however is to have a hardware wallet like the Ledger Nano S. Private Keys are never transmitted off the device and your funds are safe, but still available to use when you need them.
- TIP : Always run a good antivirus suite on all your devices where you store your cryptocurrency coins and tokens.
- TIP : Never click links you are not expecting to receive either via SMS, email or especially in chat forums (Slack, Telegram etc).
- TIP: If you need to send coins to exchanges, never leave them there longer than you have to.
We carry and recommend the Ledger Nano S Hardware Wallet : https://www.cryptoconcepts.com.au/ledger-nano-s
Crypto Concepts is an Authorised reseller for Ledger in Australia. We provide warranty for the Ledger products sold here in Australia. You can contact us on this if you have any questions about your purchase of Ledger from us.