It is widely known that investing in cryptocurrencies is associated with risk, due to the volatility of the cryptocurrency market, regulatory dilemmas, and high-profile incidents of hacking, scams, and fraudulent activities. according According to Chainalysis’ mid-year report on cryptocurrency-related crime in 2022, nearly $1.9 billion in cryptocurrency was stolen in various hacking incidents and fraudulent activities compared to less than $1.2 billion at the same point in 2021.
Store and manage safely Cryptocurrency Assets have their own set of challenges, and traders should educate themselves on the best options. As a type of cold storage, a crypto hardware wallet is a physical device designed to securely store cryptocurrencies offline, providing additional layers of security for those who hold large amounts of crypto and want to keep their holdings safe for the long haul.
Hardware wallet vs software wallet
Public and private encrypted wallet keys
Hardware wallet self-custody
Step 1: Purchase and install the software
Step 2: Connect the hardware wallet
Step 3: Add funds and transactions
Step 4: Confirm, sign, and verify transactions
Popular hardware wallets