Keeping your cryptos safe should be any investor’s number one priority. What’s shocking is that so many people still leave cryptocurrencies lingering on exchanges, blissfully unaware of the dangers. Thousands of people around the world have lost everything because they kept their cryptos on an exchange – don’t become part of this statistic. The simplest way to prevent your cryptos from being stolen is to use a hardware wallet, and one of the best out there is hosting a fire sale to celebrate the 10-year anniversary of Bitcoin.
Ledger Shows its Generous Side
Ledger – the company behind the Nano S hardware wallet – announced in a Tweet that it’s offering 20% off its flagship model and that the discount will last until October 22nd. That brings the total cost down to a mere $79, a pittance to pay for total piece of mind. The Nano S is one of the best and easiest to use hardware wallets on the market. Its secure chip will even check the integrity of your device each time it’s powered on – meaning that you will instantly know if someone has been trying to steal your crypto.
Starting today and ending on the 22nd of October, the Ledger Nano S is discounted by 20% on our website!
Is Ledger Copying SatoshiLabs?
While we are suckers for a bargain, SatoshiLabs is also offering a discount on its flagship Trezor One hardware wallet as well. It announced its discount on October 4th, that’s a whole 12 days before Ledger made its announcement. The Trezor One is another great hardware crypto wallet, and at 23% off, who wouldn’t buy one? That brings the total cost of the Trezor One down to a cool $69 – it’s so cheap that you might want to order two.
— Trezor (@Trezor) October 4, 2018
Protect Yourself from Exchange Hacks
If you’re going to buy cryptos and leave them on the exchange long term, you are taking an almighty gamble. It’s crypto trading rule one – never leave cryptos on the exchange for any extended period of time. Unfortunately, some people still make this mistake. A great example of this is our unnamed Iranian friend. He decided to leave his cryptos on a crypto exchange, and when America imposed sanctions on Iran, his account with the exchange was instantly frozen, meaning his life savings were no longer accessible. Don’t be like our Iranian friend, spend the $70 or so and have peace of mind – trust us, you will sleep much better at night knowing your cryptos are safe.
Exchanges store your cryptos in hot wallets, meaning they are connected to the internet ready to trade. While this is great news if you’re actively trading them, if not then you could be opening yourself up to a world of trouble. If an exchange gets hacked, it’s the hot wallets that get drained. If your exchange has a cold storage option, consider using that if you don’t want to buy a hardware wallet – but we suggest that you become the controller of your own cryptos sooner rather than later.