The current state of the markets is evident.


Especially many altcoins need to make maybe 10x or even 20x to return to their previous highs.
Many of us have a much higher cost basis.
Some of our capital has significantly eroded.
Ignoring this reality benefits no one.
But we also know:
This market is cyclical.
We are not experiencing the first sharp decline nor will it be the last.
The real question is:
How well can we carry the remaining assets into the next cycle?
Recently, issues on exchanges have been evident.
There have been hacks, bankruptcies, and access problems.
“It won’t happen to me” is not risk management.
We must keep the assets we buy or plan to buy for the long term in a safe place.
🔐 The safest method: Hardware wallets.
The most well-known ones:
• @Ledger
• @Trezor
• @Tangem etc.
You hold the private key.
There is no internet connection.
It minimizes the risk of hacking.
📱 Software wallets are connected to the internet.
They are practical for daily transactions but riskier than hardware wallets.
The most well-known ones:
• Trust Wallet
• MetaMask
🏦 Keeping assets on an exchange is also an option.
But technically, the assets are not yours; they are controlled by the exchange.
The rule is simple:
For long-term holdings 👉 Hardware wallet
For daily transactions 👉 Software wallet
Trading balance 👉 Exchange
In this market, just choosing the right coin is not enough.
You also need to survive.
So, where do you keep your assets? 👇
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)