How to secure your cryptocurrencies? There is no single answer to this question, but there is a rule that it is better to be safe than sorry. This especially applies to people who stand to lose a lot. In addition to a strong password and secured Internet access, it is worth purchasing the so-called cold wallets. Since they are not connected to the network, there is no risk of hacking. However, such a device can be lost or damaged.
In such a situation, the investor must have a key to regain access to the wallet. It should be well hidden because it is the ultimate security for the funds. It is worth storing this key in the seed phrase storage offered by Coinplate.