If you are taking your first steps into the cryptocurrency ocean, you must learn about choosing a secure “cold wallet” or hardware wallet. Do you know the type? Those things that look like USB sticks but are not?
But what are those things, anyway? And why are they all the rage for crypto investors suddenly? Are they really that safe?
This article will tell you what these hardware wallets are, how they keep your digital assets safe, and how to pick the one that will suit you best.
So, let’s begin with the basics.
Cryptocurrency wallets 101
Although, most crypto enthusiasts often recommend using a hardware cryptocurrency wallet. However, for new cryptonauts, choosing the right wallet, especially a bulky hardware gadget, sounds weird, remarkably, when plenty of alternatives are available. So, to help you understand better, here’s a quick breakdown of the different categories of cryptocurrency wallets.
Web wallets
These wallets are available through a web browser. They are usually a service provided by a third party, such as a cryptocurrency exchange. . No software downloads or clients can save a lot of time and energy. However, the , and such websites can (and have been) compromised.