Cryptocurrency is a digital currency that is not controlled by any central authorities (banks, the state, etc.). There are over 17,543 cryptocurrencies in the world. The most interesting thing is that each person can create their own digital currency with only a laptop needed. It also should be mentioned that cryptocurrency cannot be withdrawn into cash, the only thing that can be done with it is the exchange of crypto for dollars, euros, etc.
A common question usually emerges for people who start working with cryptocurrency: where should I store my cryptocurrency safely? To begin with, let's figure out what cryptocurrency is in general.
The very first cryptocurrency ever existed is Bitcoin. It was created in 2009 by Satoshi Nikamoto, it is still unknown whether the creator was one person or a group of people. Back then nobody could believe that bitcoin would become so popular in the future. In 2010, he could not pass the value of $1, but already in 2022 its price jumped to $42,000. Of course, BTS is constantly falling and taking off, so the price is always changing.
Let's have a look at the ways of storing the existing cryptocurrencies:
There are also other wallets that exist in the crypto industry:
We suggest you not keep your seed phrase or key on your screenshots, written notes on your phone or laptop. The best way to safely store it is to write down the key on several pieces of paper and hide it somewhere in your house you won't forget.
The way to choose where to store your assets is completely up to you. We will provide you with more educational articles. You can ask any questions in our Telegram Chat: https://t.me/AquarisCommunity