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Your Guide to Buying Crypto in 2023
Learn how to safely and securely buy and trade cryptocurrencies in 2023 with this comprehensive guide. Discover how to choose the best crypto to invest in based on development team experience, the project's roadmap, and market trends.
Step 5: How to protect your crypto?
Once you've decided on the best crypto to buy today and how to make money, you must determine how to store your assets.
A cryptocurrency wallet is a program that allows you to send and receive digital currency and control your balance. There are two main groups of wallets: hot (online) and cold (offline).
Online (hot) crypto wallets are connected to the internet. They can be accessed through a web browser or a mobile/desktop app. They're used by cryptocurrency exchanges or third-party providers. The most trusted and popular "hot" wallets are MetaMask, MEW (MyEtherWallet), Electrum, Exodus and Trust Wallet.
Offline (cold) crypto wallets do not need an Internet connection. Thus, they're considered to be less vulnerable to hacking attacks. Ledger Nano S Plus, Ledger Nano X, Trezor Model T, SecuX and KeepKey are believed to be the most reliable cold wallets.
Using private keys, control wallets can also be divided into custodial and non-custodial. Custodial wallets are managed by the wallet provider, while with non-custodial wallets, you have complete control over your funds.
Investing in cryptocurrency has become easy, even for beginners, with platforms that provide user-friendly interfaces. However, it is crucial to emphasize that you should still research before buying any assets. So, take this guide as a starting point and conduct your own research.