How and where do I store my cryptos?

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Crypto wallets are necessary for getting into Bitcoin, or any other digital asset. Before you consider buying cryptocurrency on an exchange or trading cryptocurrency from a broker, you’ll need to understand what a cryptocurrency wallet is and how it works. A cryptocurrency wallet consists of two elements— a private key and a public address.

Cryptocurrency wallets are specific to the cryptocurrency that is stored inside them. Put simply, a cryptocurrency wallet allows a crypto holder to “become their own bank”. It’s important to remember, however, that becoming your own bank leaves you responsible for the security of your own capital.

HOT WALLETS VS COLD CRYPTO WALLETS


HOT WALLETS VS COLD CRYPTO WALLETS

Hot wallets are those used by online exchange platforms and manage private keys on behalf of users. Cold wallets are wallet solutions that are not connected to the internet or those that can be disconnected from the internet. These wallets commonly come in the form of either software wallets, which can be installed on a computer or smartphone, or hardware wallets, which are purpose-built secure devices for cryptocurrency storage. Hardware wallets are the most secure solution for storing cryptocurrency.

HARD WALLETS


HARD WALLETS

Hardware crypto wallets are the most secure method of storing cryptocurrency. Instead of storing private keys on a computer or a smartphone, where they are susceptible to hacking attacks, hardware wallets keep private keys secure on a dedicated device and never reveal them — even to the user.

NAGA WALLET


NAGA WALLET

The NAGA Wallet has been a great success since its launch In April 2018. It is a cutting-edge cryptocurrency wallet that allows users to securely store their digital assets: NAGA Coin (NGC), Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Tether USD (USDT), Dash (DASH), NEO & GAS. Additionally, it supports over 1200+ ERC20 tokens.

The highly versatile wallet is NAGA’s secure solution to the persistent challenges dogging digital asset ownership, which serve to impede the mainstream adoption of cryptocurrencies.

Learn more about how to open and NAGA Wallet here.

 


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If you need further assistance, please do not hesitate to contact our staff.

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With the NAGA Coin, NAGA aims to establish the world’s first crypto-gateway to trade stocks, CFDs, ETFs, and any other sort of financial instruments and virtual goods on a global scale in a secure and transparent way with NAGA Markets and NAGA Trader. NAGA shall become the trading platform for any financial or virtual product of the future. It’s time for you to be able to buy any stock or game item with your NAGA Coins or other cryptocurrencies, let a personalized and unique robo-advisor, called CYBO, invest for you, and build your financial wealth with full transparency and efficiency with low or no transaction costs.
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