✴️ MY NEW LEDGER NANO S HARDWARE WALLET! WHERE DO YOU KEEP YOUR CRYPTO?
You were designed for accomplishment, engineered for success, and endowed with the seeds of greatness ~ Zig Ziglar.
My Saturday Night Grind!
Look what I just got in the mail... Another Ledger Nano S! It just arrived today and I'm definitely going load it with tons of crypto and lock it away for safe keeping! 🤑
I'm going to say this right now, Never keep your cryptocurrencies on an Exchange! Its ok to have a little bit' for fast and easy swing trading but never store them there, EVER! 😳
There's been thousands of stories of people losing all there crypto's because they kept all there crypto on an Exchange, lets not bring up the MTGOX Fiasco from many years ago. Everyone lost all there 💩 when they were hacked! 🤦🏼
Currently I keep most of my cryptos offline, however I still like to diversity them into many things. Here are a few examples: *BEST 💁🏼♂️
- Exodus
- Exodus Eden
- Several MyEtherwallets
- Jaxx Wallet
- *Several Ledger Nano S
- *Trezor Hardware Wallet
These are just several good wallets out there but the best protection are the Ledger's and the Trezor which keep your precious cryptocurrency offline.
If you don't know what these are and how they work... the best thing to do is do some research and due your own due diligence. In my opinion, the Ledger Nano S is the best ones available.
Just wanted to share some stuff on a Saturday Night. I'm usually out and about but in the last few months, I've spending my weekends doing research on Cryptos! .... Can You Say Geek Lifestyle! 🤣🤓
So let me ask my Steemit peeps, what is your #1 way to store your Cryptocurrencies? Are you using online wallets, paper wallets or hardware wallets? Looking forward to your comments! 😆
Keep on STACKIN! 💞
P.S. For those who are interested in following my "Daily Activities" that I do in very "short form". Follow me here: @charles-fuchs.
Wait... why shouldn’t we keep them in an exchange ??
Because you really don't control them, they do. Anytime an exchange can close down or won't let you have access to them. I remember Poloniex would let me get my tokens out for 2 months without any reasons :)
Exchanges I believe is the most insecure way of keeping your cryptos.
You also have to consider that exchanges can be hacked. They have been hacked in the past, and thousands of people have lost their money. What most people refer to is Mt Gox, which you can read about here: https://en.wikipedia.org/wiki/Mt._Gox
Excellent choice my friend :). I bought one too last month, and now I order another one because it works too well and keeps my capital safe.
Nice. I like keeping my coins on my Ledger Nano S as well!
A note to everyone to make sure to generate your own 24 seed phrase. There's been a lot of scams on third party sellers sending compromised seed phrases with hardware wallets. A redditor lost $34,000 on the Ledger Nano S he bought through eBay. https://steemit.com/cryptocurrency/@erickpinos/never-buy-hardware-wallets-from-third-parties
Another great awareness comment right there @erickpinos! Always protect your valuable cryptos peeps!
Absolutely true. Never buy from Amazon! You could get one with broken seal and the coins are...... Gone.
I got a Nano S too!!
He bought a 2nd hand Nano??? Oh well! That was not so smart
I store my crypto in a Hologram... just kidding paper wallets for now. Thanks for the recommendations. Definitely need to up my game!
Nothings wrong with the "Paper Game", it's real safe unless you lose it haha
I have the ledger nano s - love it, but it needs more coins!
Cheers
I like the Exodus Wallet. I also have some stuff on Myetherwallet. You are right best way is just to HODL offline.
I do use Exodus wallet for transactions and for short periods of time, I just don't keep them in there that long but it does look good :)
My favourite online wallet
Yeah, great choise! The ledger is the best to take safe your funds.
Love Ledger Nano S...just got my 2nd
We never can enough of them 🤣
Ya know man, I am starting to learn that....I saw that NEO is on there now, do you know if you stiil earn gas?
Ledger nano S. wish they had more coins.
Yeah same here, they need to add way more!
Ledger nano S provides the best security for crypto hodlers.. yet the amount of cryptos it supports needs to be bigger in number..
Generally i like the idea of storing all coins at one place (though most people tend to reject this idea) and ledger is a great way of doing it..
I am in process of buying one.. in the meantime, i couldnt find the perfect offline software based wallet... yes jaxx and exodus are notable mentions but there have been reports of security flaws in them..
So lets hope that ledger nano may include at least top 50 (if not top 100) coins..
Best regards
Enjoy the ledger ;)
In a few years, we will get the option of all coins. Not sure why it's taking so long for them to add coins, its like pulling teeth for them to get a 1 token on them lol
I guess in the mean time, we have to use many paper wallets and ledgers :)
Exactly.. very true.. its hard to believe thay with 800 billions worth of crypto market, only a handful of wallets are available out there.. and that too with limited number of coins..
Can i ask you something ? If i want to store ripple on a wallet (software based), it is said that 20 ripples will be deducted as account opening and verification fee.. does ladger nano S do the same when storing ripple on it??