Cryptocurrency coins like bitcoin, ethereum, dash and other are stored on the blockchain network, to access them you need public and private key. A cryptocurrency wallet stores private and public keys, there are a several kinds of cryptocurrency wallets.
Hardware wallets are small devices similar to USB stick. They stores public and private keys offline and supports many cryptocurrencies. To access them you have to connect hardware wallet to computer and type in PIN number. You can store several cryptocurrencies on one hardware wallet, however I got a problem with lack of memory on my Ledger Nano S and I could install only 3 wallets on it.
The most popular hardware wallets are LEDGER and TREZOR
Paper wallets are another very secured way to store cryptocurrency. Paper wallets are printed on a piece of paper, make sure you are using clean and secured computer and printer when you are going to print a paper wallet and do it offline.
Paper wallets are very secured but not easy to use.
You can generate paper wallet here: https://www.bitaddress.org/
Online wallets are websites where you can login and access your funds. They are free, very easy to use and very popular, however they are not very secure.
https://www.myetherwallet.com/
Software wallets are an applications for computer or mobile. They are most popular, free, easy to use and more secured than online wallets . This is the best way to keep funds which you are willing to spend.
https://jaxx.io/
https://www.coinomi.com/
No matter which wallet you choose, there are some rules to keep in mind:
DO NOT keep big amounts in less secure wallet
DO NOT store cryptocurrency on the exchange wallet longer than necessary
DO NOT share your private key or seed phrase
DO NOT keep all your coins in one wallet
DO NOT use online or software wallet on public computer
DO NOT print paper wallet on network printer
DO NOT save your password in the browser
DO backup your wallet with seed phrase
DO keep your backup phrase in secret place
DO use two-step autentication where it's possible
DO scan your computer regularly
Video and more on my blog:
https://alanstefankiewicz.github.io/blog/how-to-store-cryptocurrency-safely.html
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