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How To Store Crypto

by Ultimate Money
How To Store Crypto

Bitcoin mining USB devices on a large USB hub.

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Buying Bitcoin can be exciting for many people.

Deciding on how you’re going to store it isn’t quite as exciting, but it’s at least as important. Literally billions of dollars worth of cryptocurrencies have been stolen from exchanges this decade. A cryptocurrency wallet is essential.

Wise words from an expert

So heed the simple but strong advice of the one and only Andreas Antonopolous:
“Your keys, your coins.”
“Not your keys, not your coins.”

Research which crypto wallet is best for you. It’s worth doing this research before your purchase. Go through the various options and make a decision based on your level of experience, investment and security requirements.

Then send yourself a test transaction. This is not something you want to get wrong, because if you do there is no undo button.

It really goes without saying that you should never give your private keys to anyone. Never! Ever!

So our strong advice is to get your crypto out of the exchange as soon as possible. You literally do not own it unless you have the private keys in your possession.

Tags: crypto walletscryptocurrency wallet
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Welcome to Ultimate Money

This website was launched in June 2018 to focus on crypto news, reviews and how to’s. We are an education site providing written, video and podcast content on Bitcoin and other cryptocurrencies from an Australian perspective.

Note: None of the information should be considered financial advice. We merely provide opinions and education so that you can Do Your Own Research. Cryptocurrencies have a history of volatility and Ultimate Money is not responsible for any financial losses or gains you may have when investing in any crypto coins or related projects.

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Ultimate Money is a Bitcoin and cryptocurrency education site providing guides, reviews, prices, podcasts and videos.

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Disclaimer: All contributors to the Ultimate Money website, related social media sites and other publishing platforms pride themselves on giving fair and balanced information on all aspects of the cryptocurrency industry. However it is very important to understand that we are NOT providing financial advice. Ultimate Money, it’s contributors and service providers are not Financial Advisors or Registered Analysts. We do not offer Bitcoin or crypto tips, strategies or trading models for you to copy. We merely provide opinions and education so that you can Do Your Own Research. Cryptocurrencies have a history of volatility and Ultimate Money is not responsible for any financial losses or gains you may have when investing in any crypto coins or related projects. Always use your best judgement when investing in any exchanges, wallets, CFD’s or other products.  Always be aware that any investment can go to zero.

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