If you haven't heard of the Ledger Nano S, then this is going to be the article that changes your crypto life, or the one that you won't forget when you lose your coins. If you're going to buy cryptocoins, you need to protect your wallet by putting your investment into cold storage.
- Most people have their coins on exchanges and maybe they keep their password safe but exchanges often get hacked and your coins are not insured.
- Many people are downloading or using wallets that you do not control your private keys. If you don't have your private keys or it is not encrypted physically in a hardware wallet that is in your hand, then you do not own the coins inside them.
- Most people do not either backup their wallets or do not know how to back up their wallets.
- Finally, you are going to miss the free Bitcoin Cash Coins on August 1st when BTC hard forks and splits into two.
If you're going to be invest in cryptocoins, buy a Ledger Nano S. I'm not writing this to convince you. I am writing this to tell you just do it.
-war
DISCLAIMER: I hold 90% of all my valuable coins and all my worthless coins in my Ledger Nano S. I also bought an extra one programmed with the exact same pass phrase so I have a backup of the backup. I protect even my sh*t coins.