Guide For Storing Your Cryptocurrency Safely
                     Crypto World At Your Finger Tips!
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Guide For Storing Your Cryptocurrency 
Safely
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The trend of 2
cryptocurrency came as a 
boom in the corporate 
world in the contemporary 
era. More and more 
people are now driven by 
the digital currency. The 
best thing about these 
cryptocurrencies is that 
they ended the 
dependency of central 
authorities like company, 
bank and government. But 
as it says, every technology 
comes with risks too. 
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● So even though cryptocurrencies have become a popular financial option; 
still, they are not free from risks and can be misused. So today, 
Crypto Store brings you a guide for storing your cryptocurrency safely. It is 
a must-read for all those who use cryptocurrencies for making payments.
● It is good to have any cryptocurrencies like Bitcoin, Ethereum, Litecoin, 
Ripple, Dash, NEO, TRON, Monero and others. But the more it makes you 
feel excited, the more you must express your concern for their security 
also.
 Most importantly, it will also aware you about the risks involved in the 
crypto marketplace. But before that, let us give you a brief introduction 
about the crypto wallet.
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What Do You Understand By Crypto Wallet?
● You can understand crypto wallet as a software technology, which is 
made for storing the private and public keys, monitoring the balance and 
also getting connected to multiple blockchains.
● Although there are many cryptocurrencies wallets, still, it makes a 
difference between them in terms of hot or cold. Now the term hot or 
cold must have dragged your attention as to what they mean.
● A hot wallet is one which is internet-connected and is accessible at any 
time. On the other side, a cold wallet is just opposite as it is unconnected 
with the internet but enables the user to store his/her funds online.
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● Another difference to know between the wallets is that hot wallets consist 
almost all online cloud wallets, most of them are mobile, exchanges and 
software wallets. Whereas cold wallets consist of hardware wallets, USB, 
physical bitcoins, offline paper wallets and data storage devices also. Each 
wallet is special in its own way, which is why people holding 
cryptocurrencies make the best use of them. Hot wallets are considered 
much convenient for trading, whereas cold wallets are beneficial for 
holding your crypto assets for the long term. 
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3 Useful Tips For Storing Your Cryptocurrencies 
Safely
● Now let's come back to our main topic, which is about storing your 
cryptocurrencies safely. To understand it, you need to follow some 
tips which are given below. These 3 tips are best to guide you about 
protecting your cryptocurrencies.
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Keeping The Funds Separated
Always prefer to keep your crypto assets in multiple places. The better 
solution for this is to have more than one cold storage, which is the ideal 
way for long-term holdings. Besides this, you must also prefer to keep 
one hot wallet for handy transactions and trading. This is the one of the 
best ways for storing your cryptocurrencies safely.
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Checking The Crypto Addresses Twice
Now here you need to be extra careful as there are malicious programs, 
that are perfect in editing and pasting the wrong address, whenever you 
send a transaction. You need to be aware of the fact that an attacker is 
familiar with the new address. So better stay safe than to repent.
● Be Careful About Phishing Sites
Be very extra careful while connecting to an online wallet or exchange. 
Better confirm about logging into the right address. We are telling this 
because many fake websites are efficient in copying exchanges to steal 
your login data. Always check the authenticity of the website address.
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Conclusion
Apart from that, you’ve got to know much about the concept of a 
crypto wallet, including hot and cold wallets, and their uses. In general, 
if you are using any technology, especially if it is related to your finance, 
then it is advised to keep your eyes open and protect your 
cryptocurrency from frauds by malicious sites and hackers.
Sources
https://www.store.cryptoknowmics.com/
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Crypto news and articles Exchange & wallet listing
Market & price analysis Crypto discussion forum
ICO listing and rating Crypto jobs marketplace
Featur
Tokens and coin listing es Airdrop and event listing
DApp listing & review ICO Launchpad
Crypto gaming platform Blockchain tutorials and courses
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For any further queries or clarifications please 
contact at 
- [email protected] - www.cryptoknowmics.com
- [email protected] - www.cryptoknowmics.io
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