Choosing the Right Wallet for Your Assets

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There is a famous saying that " For bringing Elephant you must have Elephant house" . While investing in crytocurrency you must consider one thing that you give security to your assets. You must have the place where your holdings are quite safe and there is no risk of loss. In the modern technology times Where cryptocurrency has become famous and you can invest in simple ways. Also there is a risk of getting scam by scammers or you lost your assets because of your careless actions.

So, for that you must need a secure wallet where you can protect your assets. It must be fed in your knowledge that security exchanges are never safe and there is no guarantee that will remain forever. Just like FTX exchange which was among the best securities but still they ran away and in result thousands of users affected.

In this regard I will share some different types of #Crypto wallet which will help you protect your holdings. The different types of crypto wallets include Hot wallet, Cold wallet, Crypto Wallets, Mobile wallets and many more.

The two best wallets which I recommend are hot and cold wallets. They are type of wallets which will give your holding a good protection in any way. Lets give a little brief about these two types of wallet and majority of the crypto users use these types. As we all know that there are types of investors in which a group of investors invest in small capacity while heavy investors which we also call them whales invest in large capacity.

For smaller investors, hot wallet are the best to use. Because hot wallet is connected to internet but is much secure. This is better when you have little holdings. They are convenient, easy to use and always accessible but is less secure then cold wallet. This depends upon your crypto holding and upon your strategy. If you are trader and have little amount then hot wallet is best because the access to hot wallet is easier.

Cold wallet is never connected to internet rather its an offline wallet. They include hardware wallets, paper wallets, and other offline methods. Cold wallet is among the most safest and secure wallet where your risk of loss is zero if only your careless with your wallet.

This kind of wallet is not easy to use and not always accessible. This is a type of wallet which must be kept for long term. This type of wallet is not for the short term investors and for the traders who need money for trading.

These are two main types of wallet which is more used among the people. The post is for the purpose of awareness and education. IF you like upvote, reblog and comment.

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