As mentioned previously, it is not wise to keep large amounts of cryptocurrency in any hot wallet, especially an exchange account . Instead, it is suggested that you withdraw the majority of funds to your own personal “cold” wallet (explained below). Exchange accounts include Coinbase, Gemini, Binance, and many others.
Read moreIs crypto com safer than Coinbase?
Yes, Crypto.com and Coinbase are safe and use security measures that are industry-standard or above for U.S.-based residents . Although Crypto.com is based in Hong Kong, where some rules may be different, it prioritizes security equally to Coinbase.
Read moreWhat is the best crypto wallet to have?
Our in-depth research found that the five best crypto wallets to consider are as follows:
Read moreWhere is the safest place to keep your cryptocurrency?
Cold storage (or offline wallets) is one of the safest methods for holding bitcoin, as these wallets are not accessible via the Internet, but hot wallets are still convenient for some users.
Read moreAre mobile crypto wallets safe?
Mobile wallets are generally relatively safe . There’s no reason to suspect that they’re any more or less safe than desktop wallets. However, if you really want to protect your crypto from hacking or theft, you’ll definitely want to choose a hardware wallet.
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