Thanks to Markus Spiske for the photo. This picture is trying to show how much effort hackers will go through in order to try and obtain your crypto.
Are you tired of feeling like your crypto is constantly at risk on the exchanges? Stop waiting to protect your investments. It might seem like a bad idea to spend $150 on a hardware wallet if you haven’t invested more than $200 into crypto, but I honestly think buying a hardware wallet should be the first thing you do.
Imagine if that $200 investment turns into $20,000 and you weren’t protecting it properly. This is the kind of thing that can happen in crypto in just a few months or even a few weeks. Dent coin is a great example of this. On December 7th 2017 Dent was trading at $0.0008, and on January 9th just over a month later Dent coin was trading at $0.10. An $80 investment into this coin would have made you $10,000 if you had sold at its peak. Don’t be cheap on something like this, I completely recommend getting a hardware wallet. Here are your options: https://trezor.io/ https://www.ledgerwallet.com/ https://coolbitx.com/ I don’t know much about Coolbit X because it’s a little newer, but when you visit their website Charlie Lee of Litecoin is promoting it. There are even free and secure mobile wallets available for your Ethereum tokens like Enjin wallet which can be unlocked with your fingerprint which are better than leaving it on the exchange while you wait for your crypto wallet to be shipped to you. The colder the wallet the better, this is why some people trust private keys written on paper, but I'm not sure I like this because people can actually hack your computer to see your keystrokes and record your private key.
For those of you that don’t know what I mean by hot or cold wallets, a hot wallet means your wallet is always online and therefore much easier to hack like leaving the coins on an exchange or even an online web wallet. A cold wallet means you can completely disconnect your wallet from the internet so that it will be completely unhackable with your funds and safe and protected until you put it back online. If you already knew about this then that’s good. For those of you who didn’t know about this, think of the all of hacks that happen online everyday and all of the exchanges that have already lost their customers millions of dollars. Don’t be cheap on something like this, buy a hardware wallet and don’t hesitate. No matter what don’t buy a ledger or any other wallet off Amazon or Ebay, they have probably already seen the private key and will have complete access to your funds. Buy it directly from the website.
The Mt. Gox hack happened in 2014, and was the worst hack in crypto history where people thousands of Bitcoins, many of these people could have been millionaires right now if they hadn’t trusted the exchange with their funds. If you already have a hardware wallet or you want to stick to a paper wallet then you're ahead of the curve. Don’t leave your crypto on the exchanges because they are at risk every single day. Make sure you are using 2-factor authentication on exchanges where your investments are more important. I’m not getting paid for any of these links, I just thought I’d try to make sure that you are keeping your crypto investments safe. Make sure you are visiting the legitimate website before you make any purchases, and if you already knew everything I mentioned then I hope this is a good reminder.
Also, worth mentioning is that Initiative Q is getting started on building their own payment network where they will attempt to pin each Q to 1 USD. More details below.