Each Thursday we bring you great, new, potential additions to your high-tech, low-life arsenal! We always help answer the question, What is the latest in cyberpunk gear?
Our New Best Friend… The Digital Wallet
As always we offer three quick insights into the latest gear!
HOT v. COLD
COLD Wallets are either device or paper. Password is key for the former as devices. Trezor and Ledger Nano X come to mind; find out more here) can help you secure your dough with 2FA(Factor Authentication) using industry-standard encryption, but remembering the password is up to you. So, we write it down. Heck, we can write it all down, that’s how the paper goes cold.
Get multiple notebooks and write it all down. Private keys STAY private. Public keys go PUBLIC. While paper can mean word docs or software programs, we prefer the trees for this!
HOT Wallets are pure stream digital. They are live and accessible, they are software. Exodus, Electrum, and Mycelium come to mind. A benefit here is you can find multiple players to help protect. Think BitGo. Multiple keys are required and in addition to yours, companies can play that third party. But do we really need this? We decide individually.
Just so you know, even the cryptos themselves can offer their own wallets. For example, just check out Energi!
Wallet Hygiene
- GET SMART – Only buy what you can afford to lose!
- GET IT OFF the exchange. Exchanges get HACKED, the BLOCKCHAINS don’t.
- PLAN IT OUT, long-term go COLD WALLET, or even staking! Go HOT WALLET for short-term use!
- MATCH COIN TO WALLET; BTC to BTC, ETH to ETH.
- Know your codes, pins, and passwords. This is OUR SECURITY.
- MULTI-PASS – use Multi-factor authentication, Multi-Signature/Party Wallets for Regular Transactions.
- NO FAIL-SAFES… crypto is the new, wild West! WE STAND ALONE, and individual; we have the power and the responsibility.
& More
And just when you thought we were done…
We wanted to share out a fantastic guide to move you through operating crypto top to bottom, with Crypto Casey. A great resource if you didn’t know (and many thanks for vids like the one below)…
Closing for Now…
Just so you know, we are not sponsored by any of these products, companies, or organizations. However, we are long Energi, Bitcoin, Ethereum (#Full Disclosure).
We just love to share the coolest gear out there to cyberize and self make our worlds! Speaking of which, Medium is a great background source as well!
As always, makes sure we are doing our own homework and making our own decisions, for the responsibility is on each one of us, as individuals! Come back soon and to check out more in Cyber-Gear follow this link!