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Best ways for storing cryptocurrencies.

Looking for a secure way for storing your cryptocurrencies? Here’s a complete guide for some of the best ways for safeguarding your crypto assets.

After owning your cryptocurrency, the most important thing you should consider is how to store it. Let me aware you that cryptocurrency does not have the same types of protection as money in a bank account or similar to investments made via a broker. Being the owner, you are responsible for crypto storage. 

Stay relaxed as you have a list of options for storing cryptocurrencies, but finding the right one is the toughest job. Let us together explore and find the most suitable option for your crypto portfolio. 

Role of Crypto wallets. 

Cryptocurrency wallets are similar to normal wallets which we usually use in actual life but the only difference is they can store only digital currencies. In present times, every individual wishes to launch his/her own crypto coin with own brand name, hence it is obvious that the need for crypto wallets is in demand today and future too. 

Regardless of the business, the key functionality of crypto wallets will remain the same. Crypto wallets have become the necessity of every blockchain application to store their digital assets, mostly trading or exchange platforms.   

Ways of Storing cryptocurrencies. 

You have many distinct ways to store cryptocurrencies, including hardware devices, software applications, as well as a simple piece of paper. Once you understand more about each storage method, you can select the wallet or wallet that maintains your crypto safe. 

Custodial wallet

Third party, like a crypto exchange, stores your cryptocurrency. 

Simplest and most convenient option.

Average Cost - Free

For instance: Binance, BitMex, Bitgo, and Blockchain.com 

Cold Wallet

Hardware that stores crypto offline. 

High level of security

Average Cost- $50 to $150

For instance: Ledger, Trezor, Keepkey, Bitbox, and SafePal. 

Hot Wallet

App that stores crypto online/virtually

Ease of use and Convenience

Average Cost - Free

For instance: Mycelium, Electrum, Exodus, Trust Wallet, and Blockchain wallet. 

Paper Wallet

Physical storage of crypto private keys. 

Free way to store crypto offline

Average Cost- Free

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5 Tips to Start Your Crypto Passive Income Journey

If you are keen about earning passive income, then crypto brings lots of ways to earn passive income like staking, lending, and even yield farming. Similar to many other investments, crypto provides the opportunity to not just earn a return via trading cryptocurrency, but also by putting your investment to work to earn passive income.

Here are 5 best tips that you should check on to kick-start your crypto passive income journey, have a look.

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Exclusive News For Metaverse Passionates! Metacade has announced the opening of the highly anticipated presale!

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These Countries Were Majorly Impacted by The FTX Collapse!

Since the FTX and Alameda collapse, regulators' attention on centralized cryptocurrency exchange has awakened. However, the timeline for recovering FTX assets may take years. Provided below are countries who were majorly impacted by the FTX collapse, have a look.

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Lawyers Warn It Could Take Decades To Get Funds out of FTX

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Multicoin Capital to Write Off All Its FTX Positions - More than $850M

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After FTX and BlockFi, The exchanges that may also land in deep trouble are Crypto.com, Gemini, Bybit, KuCoin, Gate.... Moreover, a trusted company called Coinpedia has also discussed in detail about Crypto.com, have a look.

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Market Update: Aptos, BudBlockz, and Cardano Are Trending

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Bitcoin(BTC) Price is in Deep Trouble, but the whales and bulls remain confident!

Bitcoin price yet again plunged hard, showing the possibility of breaching through the lower support to form a new all time low for the year 2022. At the same time, the bulls continue to accumulate as they seems to be quite confident of the upcoming trend reversal. As per Coinpedia, in the short time frame, the Bitcoin (BTC) price is seen undergoing a notable recovery and therefore the market participants could be bullish for a while. However, the long-term forecast continues to be

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How will Justin Sun Provide Support To Insolvent FTX Exchange?

After Binance backed out of the FTX acquisition deal, the founder of Tron ecosystem and the ambassador to the World Trade Organization, Justin Sun announced that they are working on a solution to end the liquidity crunch.

Here's what you should know about FTX Exchange.

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Bitcoin Price Crash! BTC Price To Hit $15K in Coming Days Says Bitmex CEO