Ever wake up one morning and think to yourself:
“Jeepers self, what if I earn beeyons of crypto and have it in my own personal wallet or an exchange… how can I secure it better?”
If so you’re definitely not alone – what’s needed is a hardware wallet that stores all your crypto and then can be disconnected from the Internet and stored in a safe place.
That’s why you’ll love the following (and be sure to return back once you’re done so you can benefit from the additional resources I uncovered for you):
www.cryptovantage.com/news/ask-cryptovantage-do-i-really-need-a-hardware-wallet-to-store-bitcoin/
There, you’ll discover goodies like:
“….Even if you don’t own a lot of bitcoin, it can be a good idea to store it on a hardware wallet. It might seem too expensive to buy a $150 hardware wallet to protect $500 worth of bitcoin, but you need to factor in the possibility that the value of the bitcoin can increase very quickly.
In the past, $500 worth of bitcoin has turned into $5000 in a matter of months. Check out why we recommend holding bitcoin for the long term here. Another added benefit of using a Bitcoin wallet is that it teaches the user to be self-reliant when it comes to crypto storage…”
and
“…Interestingly, all hope is not lost if you somehow misplace your hardware wallet or it gets accidentally destroyed.
All hardware wallets come with seed recovery phrases (sometimes referred to as “paper wallets”). The recovery seed will let you recover your private keys even if your physical device is MIA. That should provide users with plenty of peace of mind.
You should know, however, that it’s extremely important you keep your recovery phrase in a safe location. If someone manages to steal your recovery phrase they might be able to steal all your BTC. Many crypto users prefer to keep their cold wallets and recovery phrases in separate locations in case one of them is accidentally destroyed or otherwise compromised……”
and more!
Mastering Setting Up a Hardware Crypto Wallet is a topic that could make for a grand challenge, cheatsheet, tutorial and more. You could structure it like so:
Step 1.) Educate Yourself How Hardware Wallets Work
You personally own teaching yourself how to use a Hardware Wallet effectively. After all, it’s YOUR money… and that means if you end up losing your crypto, you have only yourself to blame.
I cannot emphasize this enough!
Need some resources to help out? Consider:
en.bitcoin.it/wiki/Hardware_wallet
blog.trezor.io/why-hardware-wallets-are-best-for-crypto-11bc1b4864ba
www.ledger.com/academy/hardwarewallet/why-you-should-choose-ledger-hardware-wallets
gizmodo.com/how-to-use-a-hardware-wallet-to-store-your-crypto-1846430583
medium.com/radartech/hardware-wallets-explained-da8bd93ce801
Next, move to:
Step 2.) Choose What Hardware Wallet to Use and Order It.
I was told that one should ALWAYS buy directly from the vendor (aka – don’t use Amazon or other places).
But which one to use? I myself use Trezor and my business partner uses Ledger.
Want to research it yourself? Check out:
www.zdnet.com/finance/blockchain/best-crypto-wallet/
99bitcoins.com/hardware-wallets/
www.youtube.com/watch?v=JpKD_g_cL38
www.youtube.com/watch?v=AQO7KePXUEQ
www.hongkiat.com/blog/setup-trezor-beginner/
Again remember – buy DIRECT from the vendors, NOT from sites like Amazon!
Finally, move to:
Step 3.) Proceed to Configure Your Hardware Wallet and Use It
Now, granted, there ARE steps involved to set up your hardware wallet.
That’s ok! You WANT something that forces you to internalize the art of mastering taking ownership of your crypto…
… because again, if you forget your seed phrase or password … it’s gone forever.
Here’s some tutorials on how to use the best hardware wallets today:
support.ledger.com/hc/en-us/sections/4404369606801-Getting-Started?docs=true
www.youtube.com/watch?v=7iplbbcLfJU
www.youtube.com/watch?v=B4-fIKroG_M
bitcoinmagazine.com/guides/how-to-use-a-bitcoin-hardware-wallet
And…..
When setting up a hardware wallet, you’ll receive a Seed Phrase.
NEVER EVER EVER! give that out to *anyone*. I mean it.
Why?
Well, you’ll discover that many coins have their own private discord and server.
And people from out of the blue will try to friend you, they’ll lie to you, they’ll tell you they are support…
… and they will ask for your passwd and secret recovery phrase.
If you give that out, you will, virtually guaranteed see all of your wallet funds…. drained.
You will NEVER be able to recover them. 
In addition, if you look at your wallet on the blockchain (more on that later), you’ll see *unknown* coins or tokens suddenly appear!
Almost certainly, these are malicious and baddies and horrible thingees and NEVER interact with them, because (again), your wallet will almost certainly be drained.
Good stuff!
Your takeaway?
Hardware wallets are disconnected from the Internet and can be a superSecure way to protect your crypto…
Unless you *forget* your seed phrase, password and the like. Then you’ll experience agonies like:
www.bbc.com/news/uk-scotland-57268024
time.com/nextadvisor/investing/cryptocurrency/what-happens-to-your-crypto-when-you-die/
www.cryptovantage.com/news/the-top-5-biggest-lost-bitcoin-fortunes-that-we-know-about/
www.nytimes.com/2022/02/13/nyregion/bitcoin-bitfinex-hack-heather-morgan-ilya-lichtenstein.html
But great benefits require great sacrifices (aka taking ownership of your finances yourself… and realizing you can lose them in the blink of an eye if you share your personal details online).
Why not take advantage of that today?
Enjoy!
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