The trust wallet is a secure multi-coin mobile wallet. It supports all Ethereum ERC20 & ERC223 tokens and provides a full security audited system to send, receive, and store your digital assets. Although it is quite difficult to do so, cryptocurrency wallets can be hacked if the attackers find an internal way. By internal ways, we mean finding out the password of your phone, cloning your device, getting to know your backup phrase, and so on. Wallet hacks are not that common as they are usually stored offline and carry heavy encryption. If a wallet is hacked, as it has happened in the past, it is usually due to the wallet makers' negligence. Another important way to ensure your cryptos stay safe is by making sure the wallets you store them in our secure and trusted. As the saying goes in the community – “Not your keys, not your crypto,” it is important to ensure that you have direct ownership of your funds. Make sure the wallets you use to give you direct ownership of your funds. Storing large amounts on your exchange or third-party application is not a good idea as it puts your funds at risk if the exchange or third party is hacked. The most basic form of cold storage is a paper wallet. A paper wallet is simply a document that has the public and private keys written on it. The document is printed from the bitcoin paper wallet tool online with an offline printer. The paper wallet or document usually has a QR code embedded on it to be scanned and signed to make a transaction easily. One of the advantages of having a paper wallet is that once you transfer it, it takes more time to put it back online and withdraw than a hot wallet. That forms another layer of security as it discourages you from taking out funds because it is too much work. You can use services like Bitcoin Paper Wallet Generator to easily make a paper wallet. You can then store that paper in a safe or with your other property documents. Hardware Wallets A Hardware wallet is a physical, electronic device designed to protect an individual’s cryptocurrency funds by securing their private keys. The idea behind hardware wallets is to separate the private keys from online storage methods, such as a computer or smartphone, which are more susceptible to being compromised by a hacker. Storing your private keys offline prevents this, as hackers would have to physically steal your hardware wallet to access a user’s private keys. The Ledger Series hardware wallets, i.e., Nano S or Nano X, are among the most popular and versatile hardware wallets out there. Thethe Ledgwallets' best feature is that they are immensely more secure and trustworthy than online or Hot wallets.
by Press Release
by Wayne Jones