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The number one aspect of investing in cryptocurrency is understanding SECURITY. Investors must keep privacy and protection top of mind when investing in crypto. It's important to distinguish the difference between hot and cold storage wallets.
In this episode, Kevin details those differences, as well as the importance of having private keys in case of hacks on an exchange or even worse, a global cyber-attack.
He explains why private keys give you the most control over your crypto assets because you're essentially your own bank. Kevin described the differences between the Ledger Nano X and S.
Which are hardware wallets that store your assets in cold storage. Holding your assets in cold storage means it's disconnected from the internet. Hot storage is when they are on a crypto exchange
He also explains some of the security steps required to fully program your Ledger and be on the road to storing your crypto in a safe and secure way. Other topics discussed was setting up your recovery phrase and additional options to add more security to your Ledger.
Subscribe, leave a review, and share this podcast!
Here is my affiliate link where you can purchase a Ledger:
https://shop.ledger.com/?r=aa519baed9ca
Buzzsprout Affiliate Link:
https://www.buzzsprout.com/?referrer_id=1305358
Follow my social media:
Instagram: https://www.instagram.com/insightfulprinciples/
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LinkedIn: https://vm.tiktok.com/ZMdMdVHBa/
ClubHouse: https://www.clubhouse.com/@kevnjenkins
Audio Outlets:
Spotify: https://open.spotify.com/show/4j9Yr9WPtCpYzXiOxSlpfp
Apple Podcast: https://podcasts.apple.com/us/podcast/principles/id1518622247?uo=4
Subscribe to YouTube channel:
https://www.youtube.com/channel/UCG7pYfQU6FdpKRZEmzbMyB
By Kevin N Jenkins5
22 ratings
The number one aspect of investing in cryptocurrency is understanding SECURITY. Investors must keep privacy and protection top of mind when investing in crypto. It's important to distinguish the difference between hot and cold storage wallets.
In this episode, Kevin details those differences, as well as the importance of having private keys in case of hacks on an exchange or even worse, a global cyber-attack.
He explains why private keys give you the most control over your crypto assets because you're essentially your own bank. Kevin described the differences between the Ledger Nano X and S.
Which are hardware wallets that store your assets in cold storage. Holding your assets in cold storage means it's disconnected from the internet. Hot storage is when they are on a crypto exchange
He also explains some of the security steps required to fully program your Ledger and be on the road to storing your crypto in a safe and secure way. Other topics discussed was setting up your recovery phrase and additional options to add more security to your Ledger.
Subscribe, leave a review, and share this podcast!
Here is my affiliate link where you can purchase a Ledger:
https://shop.ledger.com/?r=aa519baed9ca
Buzzsprout Affiliate Link:
https://www.buzzsprout.com/?referrer_id=1305358
Follow my social media:
Instagram: https://www.instagram.com/insightfulprinciples/
TikTok: https://vm.tiktok.com/ZMdMdVHBa/
LinkedIn: https://vm.tiktok.com/ZMdMdVHBa/
ClubHouse: https://www.clubhouse.com/@kevnjenkins
Audio Outlets:
Spotify: https://open.spotify.com/show/4j9Yr9WPtCpYzXiOxSlpfp
Apple Podcast: https://podcasts.apple.com/us/podcast/principles/id1518622247?uo=4
Subscribe to YouTube channel:
https://www.youtube.com/channel/UCG7pYfQU6FdpKRZEmzbMyB