The Crypto Merchant, an online retailer of all things crypto, has published a new guide explaining the importance of hardware wallets for safeguarding digital assets.
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According to data released by Chainalysis, cyber criminals stole approximately $1.7 billion in 2023, down 54.3% from the previous year. Although the overall number of crypto thefts is decreasing, individual hacking attempts remain a real threat. With this in mind, The Crypto Merchant’s latest guide stresses the importance of hardware wallets for safeguarding digital assets against online hacking attempts.
For more information, please visit https://www.thecryptomerchant.com/blogs/resources/safeguarding-your-crypto-the-importance-of-a-hardware-wallet
As explained in the guide, hardware wallets (otherwise known as cold wallets) are physical devices designed to store crypto private keys in an offline capacity. By detaching digital assets from the internet, the threat of hacking is significantly reduced.
Unlike conventional ‘hot’ wallets, hardware wallets are also protected from common malware attacks, providing an extra layer of security. “Even if your computing device falls prey to infection, your funds remain impregnably ensconced within the hardware wallet,” states The Crypto Merchant.
Another benefit of using hardware wallets over software-based systems is their user-friendly design. Perfect for beginners, these offline gadgets are easy to use and require no prior technical knowledge, says the guide. More experienced crypto holders will also benefit from hardware wallets’ wide-ranging compatibility, allowing them to store multiple currencies in one, protected location.
In the unfortunate event of damage or loss, hardware wallets offer a simple backup and retrieval system, explains The Crypto Merchant. By entering a 12-24-word recovery seed, crypto owners can restore their financial assets, passwords, and other associated data.
The guide moves on to list the top considerations when purchasing a hardware wallet, including security, usability, and compatibility. Readers are advised to choose cold wallets with a range of security features including PIN protection, passphrases, and secure element chips.
On their web store, The Crypto Merchant stocks all the leading hardware wallet brands including Trezor, Ledger, and KeepKey. The team prides itself on providing trusted, secure products, sourced directly from brand factories, to protect customers’ hard-earned digital assets. A spokesperson for the store said: “Because of our long-standing partnerships with the top brands in crypto security, our wallets are guaranteed 100% authentic and verified secure.”
Interested parties can find more information by visiting https://www.thecryptomerchant.com/blogs/resources/safeguarding-your-crypto-the-importance-of-a-hardware-wallet
Contact Info:
Name: Mark Venables
Email: Send Email
Organization: The Crypto Merchant
Address: 609 South Ridgewood Avenue, Daytona Beach, FL 32114, United States
Website: https://www.thecryptomerchant.com/
Source: PressCable
Release ID: 89127829
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