Should your crypto wallet be online or on your PC?

[Dagm1]

You can easily choose to place it where ever before you wish to place it up until now it is simply risk-free as well as protect. When it comes to me I maintain my crypto money purse in my profile therefore whenever I require it I simply go certainly there certainly to duplicate it

 

[btaliat]

All my coins are in my wallets. There are different wallets to keep ones coins. The best and the goal is just to have those coins secure in some safer wallets.

 

[Immilash]

Apart from buying during the bearish period and selling during the bullish period , one can be able to work towards positioning himself in such a way that he or she earns passive income daily , thus he won't be bordered by cryptocurrency

 

[Kingstone]

So with the explanation here, I belong to the hot wallet gang. I have my coins on Binance. I never knew this kind of information exists. This makes sense to me

 

[btaliat]

To be honest, I don't even know that crypto coins can be stored outside online. But these days I do hear of hard wallets but I never know how it works.

 

[Bookwormlux]

I don't think these two factors are really important, the major thing is in being able to secure your wallet and avoid sharing sensitive information.

 

[Shigobad2020]

I have my wallet on my computer and I use a downloaded wallet software to send and receive my coins. I have been using software wallet for a very long time and I never had a problem with it ever.

I prefer having my crypto currency wallet online rather than having it in my computer , though having the wallet on computer is the safest among the two.

 

[Kaffyfolla]

Honestly, I can differentiate between between the hot wallet and cold wallet, this would be the first I am hearing it, but from what learnt here, both of them can be differentiate with internet connection

 

[Jlife]

For security purpose your crypto-currency wallet should be on your PC since it will always be at home and it will minimise the chance of you losing your cryptocurrency wallet when your phone is being stolen.

 

[Aaron625]

Its not recommended to use online wallets because of the security reasons where hackers try to steal your coins by phishing and other types of scams. Wallet installed in pc or smartphone is much better.

 

[tuna89]

I advice you learn about hard wallets or hardware wallets to enable you store crypto which is of large amount, say 1000usd, all for higher security

 

[harrypaul]

It is advisable to install a good wallet on your PC or better more on your mobile phone has this would guarantee fast and easy access to your portfolio and allow you to operate more with your money

 

[Sotherefore]

Generally is going to be expensive for you to get an offline wallets for you cryptocurrency .I'll suggest that all your crypto currency should be online online with good security system and enable two-factor verification

 

[Senator]

The choice will be yours to make for whichever one you find convinient for you to have. I know that having it in a hardware form is better than than the cloud, but you can still have itninthe cloud and keep it safe

 

[Skysaint]

I think I do have mine in my PC, it's more like an app but you need a data connection to access it anyway. But I just prefer it because I have easy access to my coins whenever I want without much stress

 

[Elfinito]

i have never used a cloud wallet so i would recommend you get a software wallet to your phone or pc,with that you have total control of your investment and it is more safer as your privacy is safe with you in one place

 

[Ub40]

I have always known that there are so much to learn in this forum while earning some money. I have just learnt about the types of wallets that exist and how they work because all this while I just know that I have a wallet and did not really know if it is cold or hot wallet. There are really talents in the house.

 

[niche]

Is anyone using the Faucetpay wallet for receiving cryptocurrencies? For hardware wallets what happens if the desktop where it is installed will stop working? Any information will be appreciated.

 

[tyrim88]

It depends on what you want, personally I don't go for online wallets much, not because I don't trust them but rather for easy and quick access to my coins.

That is some of the reason why some persons will want to prefer the haedware wallet over online wallet,because of its accessability whenever they want to do transacton with their crypto.

 

[CeeJase]

I only make use of Binance and Trust Wallet for all my cryptocurrency transactions as they both serve me well with anything I want to do.