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Cryptocurrency is becoming more and more popular, and with it there is also the need for safe tools for storing digital assets. One of the key instruments is a crypto -cash. AND here Not just a “account”, as in a bank, but a means of managing your private keys and interaction with blockchain. In this material, we will figure out how cryptocurrencies are, how they differ, how to choose the right and what safety measures are critical when using them.
What is a crypto -legged
A crypto-cash is a software or hardware solution intended for storing and managing private keys and interacting with a blockchain network. In fact, he does not store coins themselves, but makes it possible to access them with the help of a closed key, which confirms your right to dispose of these assets.
Each wallet contains:
- Private key — secret information that provides access to cryptocurrency;
- Public key — generated on the basis of private and is used to create the address of receipt of funds;
- The address is what you convey to others to receive cryptocurrency.
The main types of cryptocurrencies
Wallets are of different types, each with their own advantages and disadvantages. The main classification is divided into castodial and non -castodial wallets, as well as in form — hardware, software, mobile, web and paper.
Castodial wallets (Custodial)
These are wallets in which the keys and control are stored in a third party-most often it is a centralized platform (for example, an exchange or online service). The user simply “trusts” his funds to the operator.
Pros:
- convenient for beginners;
- Access restoration is possible through the support service;
- Often integrated with exchanges.
Cons:
- You do not control your keys (and, in fact, do not fully own your means);
- Platform hacks are possible (as it was with MT. Gox, FTX, etc.);
- When blocking the account, access to funds can be lost.
Non-Custodial Non-Custodal
These are wallets, using which only you own private keys. No one but you can access funds if you yourself do not pass the keys.
Pros:
- full control over funds;
- high degree of privacy and decentralization;
- lack of intermediaries.
Cons:
- Loss of a private key = loss of funds forever;
- require an understanding of basic principles of security;
- There is no technical support, like centralized services.
Hardware wallets (Hardware Wallets)
Physical devices designed to store private keys in an isolated environment protected from the Internet. The safest way to store cryptocurrencies.
Pros:
- maximum protection against hackers and viruses;
- support for many cryptocurrencies;
- can be connected to non -kastodial applications.
Cons:
- paid (from 50 to 300+ USD);
- require physical actions at each transaction;
- Loss of a device without a reserve phrase = loss of access.
Program wallets
Applications installed on a computer or smartphone. They are both castodial and non -kastodial.
Pros:
- Ease of use;
- Often support stakeing and exchange;
- Fast access to funds.
Cons:
- vulnerable to viruses and hacks;
- Safety depends on the user device.
Web-pies
These are wallets working through the browser.
Pros:
- can be used from any device;
- Suitable for fast trade.
Cons:
- dependence on the Internet;
- High risk of phishing and hacks.
What to pay attention to when choosing a crypto
The choice of wallet depends on your goals, experience and level of security that you want to provide. Here are the key factors that are worth paying attention to:
Control over private keys:
- If you want complete control, choose non -codial wallets.
- If simplicity is important to you, consider the caste -dedicated solutions, but with risks with reservations.
Support for the necessary cryptocurrencies:
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Make sure that the wallet supports all the tokens and the networks with which you work: BTC, ETH, BNB, Polygon, Solana, etc.
Safety level:
- hardware wallets give the highest protection;
- It is important to have a PIN-code, 2FA, a mnemonic recovery phrase.
Interface simplicity:
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It is better for beginners to choose wallets with an intuitive design.
Integration and functions:
- the possibility of connecting to Defi, NFT, Steering;
- DAPP support;
- Integration with browsers, exchanges.
Security Criteria: what to pay special attention to
Security is a key factor when working with cryptocurrency. Below are the basic rules that you should adhere to:
Do not pass your Seeed-Fraz anyone
-
This is the main access to your wallet. Loss or leak — loss of funds.
Use two -factor authentication (2FA)
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Especially important for online pies and exchanges.
Keep a backup copy of the recovery phrase
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Better in several physical copies, in a safe place (not on a computer).
Update the wallet software
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Actual versions often contain critical security patches.
Beware of phishing and fake sites
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Check the addresses of the sites.
Avoid public Wi-Fi networks
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Especially when managing funds through a web interface or a mobile application.
It is important to understand that a crypto -cash is your personal safe in the world of digital assets. His choice should be conscious and correspond to your strategy: long -term storage, trading, participation in Defi or NFT. Reliability, convenience and safety are three key parameters that should be focused on. And the main principle of working with cryptocurrency sounds simple: «Not your keys — not your crypt». Therefore, it is you who should own and protect access to your funds.
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