Wherever there is money there is someone trying to steal it. That is the same in the cryptocurrency world, just because its a virtual coin it doesn't mean it can't be stolen! So how can you ensure your coins stay safe and don't fall into the hands of criminals? I'll tell you.
The first key point is never ever store your coins on a exchange this is the least secure place to keep them! So where do you keep them? You need a wallet. No not a leather one, a wallet to store all of your cryptos safely and offline. So lets go through what types of wallets there are.
Desktop wallet - These are downloaded onto your desktop and kept there. However these aren't the securest as your computer could be hacked or get a virus and your coins will be in danger.
Online wallet - These are made my companies such as coinbase and myetherwallet, these are much safer than the previous but they aren't the best!
Hardware wallet - These are by far the safest and easiest way to store your crypto, Ledger nano s is the the most popular and you can currently get one for $65. It is basically a secure USB stick which you can put your crypto on and then unplug from your computer and store away, if you want to move them around you must have the Ledger nano on you and plug it back into your computer.
(Ledger Nano S)
So overall I would recommend investing in a Ledger nano s there are other companies that provide similar hardware but it's up to you to research which one you want to buy I can only give recommendations. One final tip which is essential is when you do use a exchange make sure you have 2 factor verification on!
I hope this will help you keep your cryptos safe. Steem on!
