Hello, everyone. This is Petko Aleksandrov, and today I will talk about security when we invest in Cryptos, I will share with you the top 3 Cryptocurrency wallets that we use. So I guess you already know that keeping your coins on a Crypto exchange is not the best option because it is less secure than the wallets.
It is not secure keeping your coins on exchanges. We use the exchanges to Buy, Sell and exchange Cryptos, but you should not trust the exchange to keep your coins safe. The 1st one that I use is the Coinbase wallet because it connects to the Coinbase exchange and it is super easy for me to transfer Cryptos from the exchange to the wallet. I do not need to copy-paste addresses.
When I am in the Coinbase wallet I can choose to transfer the coins from the exchange easily. The 2nd one that I’ve been using quite a lot recently is the Exodus wallet. This is a free software wallet that I use from my phone, but it could be used on a desktop. Also, the Exodus is known as a non-custodial wallet. This means that you have private key access and you are in control of your coins.
You can trade coins within the wallet and it supports over 100 coins. That I find is enough for me personally. The 3rd wallet I use is the Ledger Nano X. This is a hardware wallet and it is known to be 1 of the most secure wallets for Cryptocurrencies. Having your coins offline keeps your coins safe from hackers.
Yes, it is a bit more expensive than the other hardware options, but if you keep 5, 6 figures of Cryptos, I guess you would be likely to spend $150 for keeping them safe, wouldn’t you? And for the moment, I haven’t found any issues using the 3 of them, but I don’t want to keep all my coins in 1 wallet.
I prefer to diversify the risk by not keeping all of my eggs in 1 basket. For example, I keep the coins that I Buy and forget in the ledger and the ones that I Buy and Sell every few weeks I keep in the Coinbase and in the Exodus wallets. I hope this short video will help you in selecting your Crypto wallet, or if you want to use the 3 of them together, that is even better.
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