Hello guys.
I've been reading a lot about crypto these days and there is one thing that always pops up: wallet security. As far as I know, there three types of wallet: desktop wallet, webwallet and external wallet (Trezor and the like). What are the differences between them? Which one is better security-wise?
Thanks!
I've been reading a lot about crypto these days and there is one thing that always pops up: wallet security. As far as I know, there three types of wallet: desktop wallet, webwallet and external wallet (Trezor and the like). What are the differences between them? Which one is better security-wise?
Thanks!
I personally think a paper wallet is the safest as long as you generate it offline and securely. Next safest is a hardware wallet (such as Leger Nano or Trevor) which also requires that you set it up securely and protect your pass phrase.
The least secure wallets are the ones where you dont control the private keys yourself. I personally have some coins on paper wallets, some on a Ledger Nano S, and a little on an exchange.
Yes, you're right. It's better to diversify and have different amounts in several wallets instead of putting all your eggs in one basket. A very good advice. I'll definitely follow it.
