There’s no right or wrong answer. It all depends on what you’re looking for.

The Trezor and Ledger are the 2 most popular wallets on the market (and for good reason).

But which is best?

When it comes to choosing a crypto wallet, it’s important to ask yourself these questions:

• Is price an issue?
• Is an open source wallet important?
• Do you plan to use it for everyday use or long-term storage?

This post will cover all these topics and more.

The Best Crypto Wallet Is Trezor

Trezor is more trustworthy because it’s open source.

This makes it best for long-term holding and saving.

It isn’t really meant for everyday use. It’s more of a safety box. You put your coins in there and forget it.

Their support team is also generally better.

The downside?

You have to have your Trezor plugged in and activated to pull up the app on the computer and see your balance.

The Best Crypto Wallet is Ledger

Ledger supports more coins, has better UI / UX, and is more affordable.

With the Ledger, you can pull the Ledger Live app up without your wallet connected and check your balance, the price of Bitcoin, and you can even pull a receive address without your wallet.

This makes it best for day-to-day use.

The downside?

Ledger recently had a security breach where all their private info was leaked to the black market.

This included email addresses, names, phone numbers, and physical addresses.

However, the wallets themselves are secure.

The only difference is, it’s made them a bigger target for phishing attacks.

To prevent this, always be sure to use:

• An alias
• PO box
• Fresh email account
• Burner phone number

when ordering a crypto wallet.

Other FAQ’s

What if I lose my wallet?

As long as you still have the seed phrase, you’re good.

Does my crypto still grow in a wallet?

Yes.

1 BTC = 1 BTC.

Conclusion

Both Trezor and Ledger are the best crypto wallets.

It all comes down to what your own needs are and what you’re looking for.

• Get a Trezor wallet here
• Get a Ledger wallet here

Which crypto wallet do you use and recommend?

The post “What Is The Best Crypto Wallet?” (Trezor Vs. Ledger) appeared first on MISTER INFINITE.

But are we really?

For many, they think their crypto is secure when it really isn’t.

When generational wealth is at stake, it’s important to be extra vigilant.

The difference between building long-term crypto security or losing access to your assets may come down to how seriously you take protection.

Here’s An Intro To Protecting Your Cryptocurrency:

Let’s cut to the chase.

If your coins are on an exchange such as Coinbase or Binance, you own ZERO crypto.

(And have to deal with tons of fees).

Remember when people were blocked from trying to sell when the market dipped?

Exactly.

It’s Better To Buy Bitcoin Via A DEX Or DApp.

What is a DEX?

It’s a decentralized exchange.

This is a peer-2-peer marketplace where traders make transactions directly without handing their funds to a middleman.

These funds are facilitated through the use of self-executing agreements written in code called smart contracts.

DEXs were created to remove the requirement for any authority to oversee and authorize trades performed within a specific exchange.

Next, You Want To Move All Your Coins Off Exchanges And Into Cold Storage

What is cold storage?

It refers to any crypto wallet that isn’t connected to the internet.

(This is done to prevent hacks and sim swaps).

How do you do it?

You get a crypto wallet such as a Trezor or LedgerNano.

This is a touchscreen device that holds your crypto private keys, encrypted in its flash memory.

There have been reports and concerns about third-party vendors or resellers compromising device shipments. 

To avoid this, you will use a fresh email account to purchase a Trezor directly from them and have it shipped to a PO box.

How To Set It Up

Go pick up the Trezor.

When presented with the 24 word recovery seed, do this:

Write down the first 12 words of the recovery seed in a book (and the other 12 words in another book) on an empty page using a pen with UV ink that can only be shown through UV light.

Everything will be hidden in plain sight in case of a robbery.

Never store your 24 word backup on anything digital. It is to be written on paper or stainless steel.

If you’re going to keep your Trezor on you (I don’t suggest it), set up the advanced passphrase feature on the Trezor.

This will allow you to log into a decoy wallet if someone puts a gun to your head and tells you to log in to your BTC wallet.

Regardless, you shouldn’t have your Trezor / book(s) with recovery seed in your house at all.

You want to put them in 2 different security boxes in 2 different cities.

There are other ways to become even more secure, but here’s a simple rundown for beginners.

These Steps Can Significantly Reduce Your Risk Of Common Threats Like:

1. Malicious software that can scan your hard drive and steal your private keys.
2. Ransomware Trojans that lock your PC and demand BTC to decrypt it.
3. Digital exchanges that conduct “exit scams” and run off with your coins.
4. Losing a laptop / phone with wallets installed on them.

Conclusion

1. If your coins are on an exchange, you don’t own them
2. Buy bitcoin via a DEX or DApp.
3. Move your coins into cold storage onto a Trezor or LedgerNano
4. Use fresh email account to buy straight from Trezor (don’t use Amazon)
5. Ship it to PO Box
6. Write seed phrase on paper or stainless steel
7. Don’t keep Trezor or seed phrase in your house
8. Put them in separate security boxes in different cities

To get started, click the button below.

Disclaimer: This article is for educational purposes only and does not constitute financial, legal, or investment advice. Cryptocurrency carries risk, and you should do your own research or consult a licensed advisor before making decisions.

The post An Intro To Protecting Your Cryptocurrency (Ignore At Your Own Peril) appeared first on MISTER INFINITE.