Hey Everyone,
Been in the market for a few weeks now, I have learned quite a lot about Cryptocurrencies. The biggest issue that I encounter since I have started is my security issues. Are my coins safe?
When I created my accounts on Poloniex and Bittrex I was under the impression that my coins are safe. However the more I read about those two exchange platforms and all the platforms out there I realize that my coins were not safe at all.
I spent hours to find the perfect solution for my problem. I read about Trezor and Ledger Nano S, but I am clumsy and I will probably misplace them, drop them or loose them. My second thought was wallets. I start downloading wallets to my PC in order to transfer all my coins in them.
The issue that I have with the PC is that it takes about 2-3 hours for each wallet to get synchronized, and even then you have to save the backup-file after it becomes encrypted in order to be able to get in to your wallet. I am really new to this and not extremely tech savvy so it was complicated for me.
To double check that my wallet works, I had to download the wallet in to a second PC , transfer my backup-file there, synchronize it and log in, to make sure everything works fine. And it did, to my relief. Well 6 hours and my first Altcoin was safe. (I saved back up files everywhere) Now I have to download about 18 more wallets and I am good to go. By the end of Summer I will be fine.
Where do you store your coins? and how safe do you feel?
