cold vs hot crypto storage

Admin

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#2
Crypto isn't useful for making everyday payments in the first place. Its main utility is deponzi schemes, new investors enriching old investors in a "greater fool scheme" which has worked very well for a lot of people.

Now it's probably too late though.
 

Claire_Lovely

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#3
which is the best option ? or maybe a combo is even better

main problem crypto faces is you cant use it at the grocery store at this point
I have not utilized cold storage before. I like Exodus on the computer because it's easy to access while I still have control over the keys:
https://www.exodus.com/

For more security, a Ledger Nano may be useful:
https://www.ledger.com/

Crypto isn't useful for making everyday payments in the first place. Its main utility is deponzi schemes, new investors enriching old investors in a "greater fool scheme" which has worked very well for a lot of people.

Now it's probably too late though.
Cryptocurrency is quite useful for transactions and its usage is increasing a lot in many online communities. It has the benefits of now central intermediaries, making it immune to chargebacks and forced seizures. It also works very good for international payments, bypassing conversion fees. There are a lot of cryptocurrency projects created for the sole purpose of harvesting money like a ponzi scheme, as we see with many NFTs. However, the underlying technology is sound and currencies like BTC have a lot of volume in usage already.
 
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