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RE: Crypto wallets: Types, security features, and best practices.

in LeoFinance3 years ago

While I am aware of the different types of wallets and would love to have a hard wallet, it really wouldn't serve me much purpose since most of my crypto is on hive & the few that I have off Hive isn't much. The wallet probaly would cost more then what I own.

!CTP
!PIZZA

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If the majority of your crypto holdings are on Hive and the amount you have stored elsewhere is minimal, then it may not be worth the expense to purchase a hard wallet. It's always a good idea to weigh the cost of any investment against the potential benefits it may bring.

However, as your cryptocurrency holdings grow and you begin to store more of it on other platforms or exchanges, a hard wallet could become a more viable option for securing your assets.

In the meantime, there are other ways to ensure the security of your crypto holdings on Hive and elsewhere. These can include setting up two-factor authentication, using strong and unique passwords, and regularly monitoring your accounts for any suspicious activity.