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We need to talk about my crazy new $600 crypto hardware wallet

Hardware Wallet Trezor Vs Ledger

Bitcoin and other cryptocurrencies are all the rage right now. The deafening buzz surrounding NFTs has caused ethereum to climb, Elon Musk's tweets seem to constantly send dogecoin soaring, and bitcoin is flirting with $60,000 yet again after having climbed to an all-time high above $61,500 earlier this month. Countless people have been introduced to crypto markets for the first time thanks to all the hype right now. Companies like Robinhood and Paypal are also jumping on the bandwagon, making it unbelievably simple for people to buy bitcoin and other popular cryptocurrencies in their apps.

It's wonderful that crypto is more accessible now than ever before, but there's also a downside. Since all you need to do these days to buy crypto is open Robinhood on your phone, many people are diving in headfirst without doing much, if any research. Ask anyone with experience trading crypto though, and they'll tell you a cardinal rule that everyone needs to know: If your crypto is stored on an exchange, it's not your crypto.

Breaches and theft are always going to be issues anytime money is involved, but having crypto stolen from your wallet isn't the same as having fiat money stolen out of your bank account. If something happens to the coins or tokens that you have stored in an online wallet, you have no recourse at all. Kiss your crypto goodbye. This is one of many reasons you should always store your digital coins and tokens in an offline wallet. In this article, I'm going to show you one of the most extravagant crypto hardware wallets on the market, which also happens to be one of the best.

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We need to talk about my crazy new $600 crypto hardware wallet originally appeared on BGR.com on Wed, 31 Mar 2021 at 10:33:13 EDT. Please see our terms for use of feeds.

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