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Is A Hardware Wallet Practical For Your Crypto Investments?
By The Independent Abecedarian Blog  •  January 31, 2018
So you’ve finally bought some cryptocurrencies from a crypto exchange and then the next day you woke up to headlines saying that $10 Million of Bitcoin gets stolen from another exchange. Lucky you! But what now. Should you sell now and get back your money before it’s too late or should you buy a hardware wallet like every old-timer crypto investor suggests? But it’s quite expensive, you said. Considering you’ve invested just $500 into Ethereum, a hardware wallet like Ledger Nano S on Carousell now costs $200! What should you do? Then this is for you.
First of all, no doubt that I always advocate owning your own hardware wallet as it is by far the safest means to prevent your coins from getting stolen. Assuming you keep your private keys, passwords or 12/24 key phrases safe and practice correct use of wallets, eg. creating disposable wallets. A good rule ......
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By The Independent Abecedarian Blog
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