If you want to safeguard your crypto against hackers, then the best solution is to use a cold wallet. These devices don’t have a connection to the internet, which renders them immune to remote hacking attempts. Additionally, they come with a backup passphrase that can be used to recover funds in case the device gets lost or stolen.
Among the most best crypto cold wallet models is Ledger Nano S Plus, which costs less than $79. Like the Trezor Model One, this wallet features a touchscreen display and PIN that prevents transactions from being authorized remotely. It also supports FIDO 2FA and Tor to keep data private and secure.
The most important feature of this wallet is that it can be used to store a wide variety of cryptocurrencies. Furthermore, it’s compatible with Ledger Live and allows you to manage your coins on your computer or smartphone. It also offers a number of security features, including a chip encrypting the private key and passphrase and a backup of the seed phrase.
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Hot and cold wallets have their own advantages, so it’s best to use both. This way, you can have a hot wallet for day-to-day trading, and a cold wallet that stores your long-term investments. Moreover, you can also combine both types of wallets to safeguard your assets against various threats. For instance, you can use a hot wallet to buy cryptocurrency and a cold wallet to store your non-crypto assets like online ownership certificates, artworks, and NFTs.