Are you wondering how to keep your crypto safe? With so many scams, hacks, and frauds going on in the crypto world, it can be a little bit scary when trying to keep your crypto safe. This page will serve as a guide to keeping your crypto safe, and will teach you about the best ways to store the crypto you receive from airdrops.
Still not sure how to enter airdrops? Take a look at our how to enter airdrops guide first, and then come back to this page once you’re ready to learn how to keep your crypto safe. Are you back? Great! Let’s move on to the important stuff.
How To Keep Your Crypto Safe
There are many different ways that you can keep your crypto safe, but I’m just going to talk about the best way: hardware wallets. A hardware wallet is a physical device which can be used to access and send cryptocurrencies, with very little risk of being hacked or having your funds stolen.
I won’t go into the nitty gritty details of how they work (if you’re interested in that, you can read more by clicking here), but I will highlight some of the biggest reasons why hardware wallets are the best way to securely store your crypto.
Why Hardware Wallets Are The Best
First, if you’re using a hardware wallet correctly, the only way somebody else can access your crypto is if they have physical access to your hardware wallet. That’s right; a hardware wallet fully protects you from online threats (as long as you’re using it properly).
Second, even if somebody does get physical access to your hardware wallet, they must enter your 8 digit PIN to be able to access the crypto. If you create a strong 8 digit PIN and hide it somewhere in your house (in your roof or under your floor boards, for example), your hardware wallet is all but impenetrable.
Third, most hardware wallets support a range of cryptocurrencies, meaning you can store your Bitcoin, Litecoin, Ether, and ERC-20 tokens all on the same device! This makes transporting your crypto (as well as selling your crypto) a hell of a lot easier.
Those are just a few of the reasons why hardware wallets are the best way to securely store your crypto. If you’re serious about security, and you don’t want to have your crypto stolen, you need to invest in a good hardware wallet as soon as possible.
Which Hardware Wallet Should You Choose?
When it comes to hardware wallets, there are two main choices: Ledger Nano S, and TREZOR ONE. Both are excellent hardware wallets, and both have received fantastic user reviews from thousands of users in the crypto world.
While both hardware wallets are good, the Ledger Nano S is, in my opinion, the better of the two. It supports more cryptocurrencies, has a sexier design, and is cheaper! Those reasons alone are why I personally use a Ledger Nano S to store all of my cryptocurrencies. Click here to head over to the official Ledger website to buy your very own Ledger Nano S today!
Now that you know how to keep your crypto safe, you should start to think about how to sell your airdrops and make some money. To learn more about selling the crypto received from your airdrops, take a look at our where to trade crypto guide.