Tips for å hjelpe deg med å lagre kryptovaluta trygt i 2024

No one can doubt the fact that there are several risks associated with investing in cryptocurrencies. Just take a look at the hard facts – the market is extremely volatile at times, there is no regulation in place, and there have been cases of some high-profile hacker attacks.

Some estimates say that around $1.9 billion worth of crypto has been stolen so far, and let’s not even get started on the kollaps av FTX! That spectacular collapse trapped over 50,000 Australians who had coins listed on the exchange.

So, any experienced investor will tell you that if you are serious about entering the crypto world, you must know how you can hold your digital assets safely. So, what does it take to successfully and safely manage your own crypto assets? Let’s walk you through everything you need to know!

La oss starte med det grunnleggende her. EN krypto lommebok is software that you can use to store your public and private keys. You can also use that wallet to send and receive cryptocurrencies, see your balance as well as interact with blockchains.

Why Do You Need Storage For Your Crypto?

Som du bruk kryptovalutaer til trade digital tokens via desentralisert nettverk, you must have a mechanism to keep them in one place. Kryptotoken exist on the blockchain, and the wallet will help make your assets accessible and allow you to send or receive cryptocurrencies.

Making transfers between wallets is a very simple process – you need to share your unique account number for the cryptocurrency you own. That is known as a public key and each account has one. Of course, you share a great burden of responsibility for your account’s safety – you cannot disclose information about your private key to anyone.

If you ever lose access to your private key, you can always retrieve it thanks to the so-called ‘seed phrase’. It is a 12-24 word phrase that you can use to recover your wallet.

Lastly, effective security has an unconditional importance as all blockchain transactions are irreversible. So, as cryptocurrencies are decentralized, there is no institution that will protect your tokens or guarantee your investment if something goes south.

Types of Crypto Storage

You will encounter three options to store your crypto, so let’s take a look at what they represent and how you can use them!

Crypto Exchange

First off, we have a crypto exchange. You can think of them as digital marketplaces that let you use real currencies to buy cryptocurrencies, trade them, or convert crypto back to real money. There is a diverse range of crypto exchanges around, but the most prominent ones include:

• Binance
• Coinbase
• Ledger
• MynterBetalt

All these platforms are very user-friendly, which is part of the reason why they are so highly sought after.

We can describe your account at such platforms as a wallet but note that the exchange will have control of the assets, as you won’t be able to access the private keys. This is called a ‘hosted wallet’, and it means that you have to trust the company running the exchange to take care of your digital assets.

Even though the vast majority of crypto exchange platforms are reliable, it only takes one fraudulent one to leave a permanent mark in the industry. That was the case with FTX – a platform that caused havoc across the crypto world, leaving thousands of investors scammed.

Hot Crypto Wallets

Bortsett fra krypto utvekslingsplattformer, hot wallets are the second way in which you can store cryptocurrencies. Varme lommebøker er også known as software wallets, and you can think of crypto exchange platforms as such a wallet.

For å være mer presis, self-custody hot wallets allow you to control your private key and seed phrase yourself. You can access such a wallet via any browser or you can download an app.

Cold Crypto Wallets

Kalde lommebøker er opposite of hot wallets som de er offline versions. It generally means that you will need a physical device, which can be anything –from a USB drive all the way to specially designed hardware or paper-based documentation.

Losing access to your crypto wallet is more common than you might think. Even though the above-mentioned practices seem like a no-brainer, you will be surprised to hear that plenty of people simply neglect at least a couple of those guidelines.

Mestre kunsten of keeping your cryptocurrencies safe is not complicated at all, but you need to be methodical and patient at all times. The sooner you master this skill, the better!

If you are serious about entering the crypto world, we hope that this guide was helpful! There is so much to learn about wallets and cryptocurrencies, but this is a good stepping stone for everyone who is new in the industry!