I get questions like this often, and although they usually come from newbies, this information is extremely important for anyone working in cryptocurrency.

Exchanges

This storage method is highly not recommended, as there is a rule “not your private key = not your coins.” Exchanges can get hacked, go bankrupt, or even block your account, causing you to lose your funds. Exchanges are for trading, not for storing all your cryptocurrencies.

Wallets

There are cold and hot wallets, as well as hardware and paper wallets. I'll tell you about the ones I use myself and give some tips.

1. For small amounts it is convenient to use mobile wallets such as Trust Wallet. Make sure your phone is virus-free and it is best to install the wallet on a clean device.

2. For large amounts, it is recommended to use hardware wallets such as Ledger. Buy them only from official sites, avoid purchasing from third parties to avoid viruses and fraud.

Council

1. Always save your wallet secret phrase (12 or 24 words). Without it, you will not be able to restore access to your cryptocurrency.

2. Do not store your secret phrase on a computer connected to the Internet.

3. Diversify your assets, store them in different wallets, so that if the phrase is lost or hacked, you do not risk losing all your funds. 📊💼

🔐Remember, the security of your cryptocurrency is your responsibility! 🚀🔒💰