You should know that a cold wallet is the best protection you could have to store your cryptocurrency. Also, on the Trezor and Ledger, you can restore your fund with the BIP39 even if the company go out of business.
Those companies make sure you receive your purchase with security in mind.
The complete story:
Source: https://news.bitcoin.com/what-to-expect-when-you-order-a-hardware-wallet/
Check out my previous posts on my crypto blog
- Tokenization and Attention Economy Give Power Back -https://chesatochi.com/tokenization-attention-economy-give-power-back/
- Earn.com Review – the Emails Provider that Pays you in Crypto - https://chesatochi.com/earn-com-review-emails/
- Bloodbath versus 3 Crypto Strategies - https://chesatochi.com/bloodbath-versus-3-crypto-strategies/
- The Transition to a Crypto World and the Way your Perceive Value - https://chesatochi.com/transition-fiat-crypto-world/
- Decentralized Infrastructures Coins and Their Mysterious Power - https://chesatochi.com/decentralized-infrastructures-coins-mysterious-power/
- Crypto Market – Craziness of the Market and DIP - https://chesatochi.com/crypto-market-craziness-dip/
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Crypto investors should all have as least one hardware wallet! Ledger nano s and Trezor are the best.
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If you are serious to invest in this space, it is the best option to keep your crypto safe.
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Hi I have a lot of different crypto's including verge, digibite, bitshares. Can they also be stored on these cold wallets?
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Bitshares can be backed on a USB drive, you need to download the bin file backup on an external device. I checked, and Digibyte is supported on the Ledger Nano S. Also, Verge is not supported for the moment on the Ledger or Trezor.
Coins supported on the Trezor:
https://doc.satoshilabs.com/trezor-faq/overview.html#which-coins-are-currently-supported
Coins supported on the Ledger:
https://www.ledgerwallet.com/products/ledger-nano-s
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I should only have bought coins that can be backed up on one device :-)
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You can buy ERC20 tokens on top of Ethereum :)
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True , I have them in a myerherwallet, but I’m looking at such cold wallet to buy
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This is true! All crypto lovers should have a hardrive wallet!
I will add here one more:
More info here:
https://www.keepkey.com/
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Keepkey is less popular than Ledger and Trezor, but thank you to add it on the conversation.
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Yes it is less popular but it's also very good one ;)
cheaper dosn't mean worst ;)
So I commented about it as I think It should be here too ;)
Blessings!
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Nice cryptic urgency post......
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