Cryptocurrency coins and tokens are digital, and once you bought them, the next problem is where do you store them.
I wouldn't recommend this, as exchanges are not dedicated crypto wallet or safekeeping systems. In fact, there is a specific event referred to the "Mt Gox" (an exchange) which shut down and investors lost a lot of bitcoins.
My Ether Wallet (MEW)
Ethereum coins and tokens can be stored in your My Ether Wallet (MEW) - it's free to download and use.
Special Cryptocurrency-Specific Digital Wallets
Certain cryptocurrency may have their own digital wallets, which can be stored on desktops or even in private servers
Special Hard/Physical/Offline Wallets
Trezor, Nano and Ledger
This is done by printing all your private keys of your wallets, exchanges, everything into hard copy paper, stored in safe. With at least 2-3 copies.
Hello, I'm Nigel - husband, father, Christian, entrepreneur, dividend stock investor - I enjoy entrepreneurship, passive income, reading and spending time with family. Read more about me here or start here.
Link To Us!
- If you've enjoyed any of the articles here, I'll really appreciate
your help if you could link to the specific post/article/homepage from
your website, blog, LinkedIn or social media accounts such as
FaceBook, Twitter, Instagram etc - this will help us to grow and serve
you better - thank you! =)
Note/Disclaimer: The information in this blog/forum/comments is distributed on an "As Is'' basis,
without warranty of any kind. The site owner may have a financial
relationship with some of the companies or products mentioned on the
blog. This blog is a participant in the Amazon Services LLC Associates
Program and other affiliate programs, a means
for sites to earn advertising fees by advertising. Advertisement does not imply endorsement. Information might
not be completely comprehensive and some readers may want to consult
additional sources. This blog/forum does not contain professional
advice. For professional advice, consult a professional. By reading this
blog/forum/comments you acknowledge full responsibility for your actions with
respect to any loss or damage caused or alleged to be caused directly or
indirectly in connection with the blog/forum.