Hold your own private keys! My ledger nano s experience

When I first became involved in cryptocurrency, one thing that was reiterated in every forum or video was about security. One of the reasons for cryptocurrency is to have to ability to actually hold and use your money as you wish. The truth is holding your cryptocurrency on exchanges is putting a third party company in control of your money. I come from a poker background and one of the ways I got into the game early on was due to online poker. One day in 2011 the US government decided to make it illegal to play. That caused havoc By players worldwide beginning to pull money off sites and some companies that ran the sites went insolvent. I bring this up because in crypto you’re guaranteed to have some FUD at some point causing investors to cashout and some exchanges doing bad business practices will go insolvent. Why run a risk for that? If you’re not day trading you should 100% move your cryptocurrencies into a ledger nano s hardware wallet. The way it works is your cryptocurrency is not actually stored on the ledger nano s, it just holds your private keys. Your wallets on exchanges, those private keys are all held by the exchange themselves. It’s very simple to use with easy to follow instructions. I simply setup up a bitcoin wallet as well as an ether wallet. For ETH and ERC 20 tokens I like to connect my device and link through Myetherwallet. Ever since I moved most of my coins on here I feel like weight lifted off my shoulders. I felt like keeping it on an exchange was a huge gamble, mainly because I try to buy coins that may be undervalued and only available on small/sketchy exchanges to get some coins before they hit bigger exchanges. Now I don’t hold them on sketchy exchanges that might close down. I have complete control over them. It’s also harder to get hacked and get funds stolen. Also as my altcoins accumulate more bitcoin and I take profit into bitcoin I love that I can stash it away in cold storage and it’s safe. Hope you fellow steemians think about security more with your cryptocurrencies and if you want to buy a ledger nano s, I recommend buying directly from the ledger site which you can reach through this link

https://www.ledgerwallet.com/r/78de