• Crypto
    • Bitcoin News
    • Ethereum
    • Altcoin
    • Blockchain
    • Blockchain Companies
    • Cryptocurrency Exchanges
    • DeFi
    • Regulation
    • Press Release
    • ICO News
      • ICOs Review
      • Upcoming ICOs
      • Scam
  • Education
    • CryptoTicker Starter Kit
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
    • Events Review
  • Prices
  • Exchange Comparison
  • Newsletter subscribe

  • News

    • Bitcoin News
    • Altcoin
    • Regulation
    • Blockchain Companies
    • Blockchain
    • Cryptocurrency Exchanges
  • News

    • Ethereum
    • Events Review
    • ICO News
    • Press Release
  • Education

    • CryptoTicker Starter Kit
    • Education
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
  • Cryptoticker

    • About us
    • Advertise
    • Media Kit
    • Submit your Press Release
    • Contact
    • Membership Login
  • Social Media

    Facebook
    Twitter
    Telegram
    Youtube
    • Newsletter
  • Crypto
    • Bitcoin News
    • Ethereum
    • Altcoin
    • Blockchain
    • Blockchain Companies
    • Cryptocurrency Exchanges
    • DeFi
    • Regulation
    • Press Release
    • ICO News
      • ICOs Review
      • Upcoming ICOs
      • Scam
  • Education
    • CryptoTicker Starter Kit
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
    • Events Review
  • Prices
  • Exchange Comparison
Starter Kit Membership Search
English
English Deutsch
Menu
Search


Education Free Resources

The best way to securely store your cryptocurrencies

Posted On February 17, 2021 Robert Weiss 0

  • share 
  • share 
  • share 
  • tweet 
  • share 
  • share 

The main benefit of cryptocurrencies is that they are decentralized by nature, meaning that no one has control over your coins if you don’t want to. However, this can also become an issue as safely storing your holdings can be quite difficult.

Most cryptocurrency beginners opt for simply using a reputable exchange like Coinbase or Binance to store their coins. Unfortunately, this option is definitely not the best when it comes to security. Many exchanges have been attacked and hacked in the past. Even if it is a secure option, it’s not flexible as not all coins will be listed on all exchanges.

If you are looking to store your ERC-20 tokens in a secure location, Binance or Coinbase might simply not even have them. So what’s the alternative? Hardware wallets.

What is a hardware wallet?

A hardware wallet is specifically designed to store cryptocurrencies in a secure way. These wallets store your private keys and protects them from hacks and attacks from the Internet. There is obviously still some risk as you could lose your hardware wallet, but they still provide the best security for normal investors.

Although there are many hardware wallets currently available, we will only list the most popular ones.

Ledger

Ledger is by far the most popular option and it offers several models for its clients. The main benefit of this wallet is that it supports ERC-20 tokens and offers a 24-word recovery phrase in case you lose your wallet or someone steals it.

ledger

The price of the Ledger Nano S is currently €59 and it’s the lightest version. It allows up to 20 apps to be installed on the device and has 1,100+ compatible cryptocurrency assets.

The Ledger Nano X allows up to 100 apps and has a bigger screen and battery. It costs €119 at the time of writing.

Trezor

Trezor is certainly another popular choice by cryptocurrency investors. It allows users to store coins offline and even trade them. The company offers two models, the Trezor One and Trezor Model T.

The first model is for average investors and supports more than 1,000 different cryptocurrencies. The main difference between this one and the Trezor Model T is that the latest one offers support for coins like XRP, EOS, Cardano, or Monero as well as all the other coins. The PIN, passphrase, and device recovery only happens on Trezor and they are not available via computer or mobile.

The Trezor wallet also allows users to exchange and trade their cryptocurrencies thanks to a built-in exchange. Additionally, Trezor plans to add another feature soon to allow customers to cash out their profits by selling Bitcoin and other coins and receive their preferred currency directly in their bank accounts.

  • share 
  • share 
  • share 
  • tweet 
  • share 
  • share 

Trading Bitcoin is too complicated?

We highly recommend our Crypto-Starter-Kit to you! 

Or are you looking for the current Bitcoin Price in USD? Look no further!
Bitcoin Price, Ethereum Price, Ripple Price  

 

 

Follow us on Social Media and subscribe to our free crypto newsletter!

@Telegram
@Instagram
@Twitter 
@TikTok
@Facebook

Diskutiere mit uns!

About Trading @CT Trader
About Crypto in general @CT Inside

This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)

Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.

Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future. 



More from Education

Synthetix Network: – All you need to know about Synthetix (SNX)
Posted On February 18, 2021 Prasanna 0

Synthetix (SNX) is one of the topmost Decentralised Finance (DeFi) platforms. Synthetix's native token SNX is at no. 7 in …

US Government Urged to Reimagine a Future With Blockchain
Posted On February 17, 2021 Santiago Burelli 0

On February 9th, 2021, Don Tapscott, author, businessman, and leader of the Blockchain Research Institute, published a 120-page comprehensive report …

Verge (XVG) 200 Days History Just Disappeared In A Spooky Event!
Posted On February 16, 2021 Taha Zafar 0

Verge (XVG) just had a bizarre and spooky event, where the entire blockchain history and transactions record of ~200 days …

In order to support and motivate the CryptoTicker team, especially in times of Corona, to continue to deliver good content, we would like to ask you to donate a small amount. Independent journalism can only survive if we stick together as a society. Thank you


  • Top Broker

    Bybit
    bybit
    Review · Visit
    Plus500
    Plus500
    Review · Visit
    Skilling
    Skilling
    Visit
    PrimeXBT
    Prime XBT
    Visit
    FTX
    FTX
    Visit

    Top Exchanges

    Kraken
    Kraken
    Visit
    Coinbase
    Coinbase
    Review · Visit
  • Newsletter subscription




  • News

    • Bitcoin News
    • Altcoin
    • Regulation
    • Blockchain Companies
    • Blockchain
    • Cryptocurrency Exchanges
  • News

    • Ethereum
    • Events Review
    • ICO News
    • Press Release
  • Education

    • CryptoTicker Starter Kit
    • Education
    • Blockchain For Dummies
    • Crypto entrepreneurs
    • Free Resources
    • Events
  • Cryptoticker

    • About us
    • Advertise
    • Media Kit
    • Submit your Press Release
    • Contact
    • Membership Login
  • Social Media















    Newsletter


  • Imprint
  • Privacy Policy
  • Non-liability Disclaimer
©2021 CryptoTicker

Share

Share stories you like to your friends