Quote from: trader34 on February 16, 2019, 07:26:56 PM

Quote from: iam_aayushiJ on February 05, 2019, 10:04:50 AM

Hack and Hacks, every day I am waking up to the news of crypto exchanges getting hacked, recently a crypto exchanges founder died and he seem to have a hold of $190 million worth of BitCoins with him.
I have taken a pledge of never using a custodial exchanges, even if it is Binance, and not matter how much CZ says that he will keep the cryptos SAFU, I am not doing the mistake of keeping my money at stake.

I did a detailed study of what exchanges to use and what wallets to use -

Exchanges - Instant exchanges only, Changelly, ChangeNow, CoinSwitch etc.
Wallets - Divided into two parts - Ledger NANO S for long term investment, and keeping the funds safe, MultiCurrency wallet for trading, ex - Gaurda Wallet, Exodus Wallet

Let me know what you guys think.

I think the best way it is just to keep your funds on a hardware wallet like the ledger nano s (or also others). All other methods are not even remotely comparable in terms of security.

every wallet has a risk, even for the hardware walllet, your hardware wallet can be stolen by someone. therefore you must have
a backup plan such as storing the private key, installing a double password, or dividing the funds into another wallet