Cryptocate are proud to announce our recent partnership with Coinstop, Australia’s leading cryptocurrency hardware wallet provider. This partnership allows us to offer high-quality cryptocurrency security products to our community, while providing ongoing support for all cryptocurrency cold storage requirements. Coinstop have been supplying hardware wallets to the cryptocurrency community in Australia since 2016, and have a stellar record of delivery and high quality service.
A cryptocurrency hardware wallet, sometimes referred to as “cold storage”, is the safest means of storing your digital assets, since they allow you to control your private key in an offline environment. Hardware wallets are custom hardware, not dissimilar to a USB in size and appearance, and can be used to store cryptocurrencies such as Bitcoin, Ethereum, and XRP. They give you complete control over your own digital assets, while keeping them resilient to hacking.
Private keys are the key component of cryptocurrency security (pun intended), and their management is an important aspect of any trader’s storage plan. There is a common phrase in blockchain communities: “not your keys, not your crypto”, which refers to risks associated with trusting custodial services, such as exchanges, for storing your assets. Most major cryptocurrency thefts have occurred due to poor exchange security. Our recommendation for maintaining high security of your digital assets is to keep them under your own lock and key, moving them off the exchange and storing them in a hardware wallet.
To purchase the latest cryptocurrency hardware wallets, click here. If you are looking for personalised support while setting up your new wallet, or general help with managing your cryptocurrency security, then please get in touch with Cryptocate via our website. Our services provide you with the essential aspects of any cryptocurrency management strategy. We love to help people getting started with cryptocurrency, and we look forward to working with you.
