ASSETS WITH COLD WALLET IN CRYPTO MARKET

4 REASONS TO STORE SAFELY!

Safely store cryptocurrencies and keep assetsCold wallets, which are used to prevent Ledger, a leading secure entry point among cold wallets that store crypto assets offline and provide a high security layer, lists why users transacting in the crypto world should use a cold wallet in 4 steps have to have.

The cold storage system, which has recently made a name for itself, stands out as the offline crypto asset storage method preferred by a wide range of users who invest long-term in cryptocurrencies and institutional escrow services that provide millions of dollars in funds. Perfect for users who want to keep their crypto assets safe without touching them for long periods of time, cold wallets also make investors feel safe from situations such as theft and security breach. Digital assets that can be stored on a USB memory stick by providing personalized service are distinguished by products that are easy to transport and protect. Ledger, the leading secure entry point for digital assets that provides secure and personalized infrastructure solutions for crypto assets, lists why users transacting in the crypto world should have a cold crypto wallet in 4 steps.

4 Reasons to Keep Your Crypto Assets in a Cold Wallet

Ledger, which has secured more than 20 percent of the world’s digital assets with more than 5 million wallets sold to date, emphasizes that the use of cold wallets is extremely important and necessary for users transacting in the world of cryptocurrency. The fact that cold wallets are not connected to the internet creates an additional firewall for users. Of course, cold wallets, which are closed to outside interference, stand out as an important option for users to securely store their digital assets.

1. High security when using offline. Cold wallets with Secure Element (SE) technology, which is only used in biometric passports and secure bank cards, provide a highly secure infrastructure for users transacting in the crypto market. In addition, the SE chips used in Ledger products are more advanced than the traditional Microcontroller Unit (MCU) chips in other cold wallets. Ledger products have their own secure memory on the SE chip, which directly controls the screen and keys. Cold wallets also offer their users a kind of value sovereignty by eliminating the need for third parties in funds. It stores a user’s address and private key on a non-internet device, and often works in parallel with software, allowing the user to access their product portfolio without risking their own private key. Offline use makes these wallets extremely difficult to access or disrupt, providing extremely high security protection.

2. Personal use. The personalized cold wallets are also available as a USB device that securely stores a user’s private keys. Cold wallets, which interact with compatible software on the computer by storing the address and private key of the users, are also protected from outside cyber-attacks. Cold wallets are also immune to viruses that may reside on a person’s computer, as they never come into contact with private network computers or potentially vulnerable software.

3. Large amounts of assets can be safely stored.Cold wallets, which can be purchased from brands such as Ledger, are more preferred by users who want to invest in long-term and large amounts of money. Users who want to protect their digital assets for a long time can store their assets in their wallets for future trades when the markets fall. In addition, cold wallets are not suitable for quick buy-sell transactions, which prevents immediate losses from panic or excitement for long-term investors.

4. Complete malware protection. Cold wallets are designed to be protected against cyber attacks. Even when your computer is connected to a cold wallet USB or connected via Bluetooth, the funds stored on the drive are extremely difficult or even impossible to steal depending on the storage method. While the device is technically connected to the Internet, transaction signing takes place in the device and under the control of the user. This ‘signature’ transaction allows you to assign ownership to the recipient of a cryptocurrency transaction. However, since the private keys never leave your device, even if malware on the computer tries to steal your money, the system rejects it and does not perform the operation.

Source: (BYZHA) – Beyaz News Agency