We ended the previous part with thoughts about how you want to use your crypto in the future.

If you have missed the previous parts, look here:

Part 1 - How to store your Crypto is available here: https://steemit.com/sct/@bitcoindelight/how-to-store-your-crypto

Part 2 - First question to ask yourself: https://steemit.com/sct/@bitcoindelight/how-to-store-your-crypto-part-2

Part 3 - Question #2 to ask yourself: https://steemit.com/sct/@bitcoindelight/how-to-store-your-crypto-part-3

This series is all about sharing my insights storing cryptocurrencies in a secure way and hopefully, you won't join the people who have lost crypto due to bad management.

So what if you don't want to spend your crypto on a daily basis to buy coffee or if you don't want to spend crypto to buy any items. What if you think about storing bitcoin or any other cryptocurrency to hold them for a longer period of time. Suddenly we might not talk about managing 100$ in crypto on a wallet anymore. Suddenly we talk about managing thousands of dollars. And this will lead us to the next question you should ask yourself:

How much value (fiat) do I hold in crypto when I manage my crypto in my own wallet?

It is similar to a very common question people ask me as an IT consultant every day. How much security do I need to put in place to protect my infrastructure? Do I need the latest technology to have the best security in place? Imagine you have your own business with a daily revenue of 100$. Do you need the same security mechanisms as a billion-dollar company? Obviously - no, there is no need to spend millions of dollars to reach an appropriate level of security. Same questions you should ask yourself when it comes to your personal situation. What kind of wallet do you need to put in place that you feel confident that your crypto is stored in a secure manner?