Coinbase vs Paxful
- Thread starter Fox789
- Start date
lalaland3000
Newbie
If you don't own your keys you don't own your crypto.
Not sure what are keys in the crypto
spanner123
Member
Personally I would stick with Coinbase or Binance
Aristotle
TK Veteran
A string of numbers and letters that creates a digital lock and keeps your Crypto safe if you store it offline on a hardware wallet or in a software wallet.
You need to keep it safe and secure.
When you store your Crypto on an exchange they have the keys to the Crypto.
If anything was to happen to that exchange you could lose access to your crypto because they store the keys.
Last edited:
ONeSide
Newbie
Great question! It really depends on what you’re looking for, but here’s a quick breakdown:
💳 Hard Wallet (Hardware Wallet):
- A physical device (like a USB stick) that stores your crypto offline.
- Super secure since it's not connected to the internet (less risk of hacking).
- Ideal for long-term storage or holding large amounts of crypto.
- Examples: Ledger Nano, Trezor.
- Downside: Costs money upfront and can be a bit clunky for frequent transactions.
- An app or program on your phone, computer, or browser extension.
- Convenient for beginners and day-to-day transactions.
- Examples: Trust Wallet, MetaMask, Coinbase Wallet.
- Downside: Since it's connected to the internet, there's a higher risk of hacking or phishing attacks.
Start with a reputable virtual wallet for ease of use. Once you're comfortable, or if you're holding a significant amount of crypto, consider investing in a hard wallet for added security.
manic01
TK Veteran
AI as usual.
ONeSide
Newbie
At least I took the time to provide a meaningful reply, unlike yours. 🤖 But hey, if AI can outdo your contributions, maybe it’s time to step up your game! 😏
Aristotle
TK Veteran
I haven’t used a software wallet but I use a Ledger Nano x hardware wallet.
Pretty easy to use once you read the tutorials and plenty of tutorial videos available.
