How investors can keep crypto assets safe
As crypto gains popularity, keeping your assets safe takes on increased importance; with crypto assets, there is nothing to hold onto. Damon McCoy, co-founder of the Cybersecurity for Democracy, shared his thoughts, touching on the importance of using the concept of two wallets. He urges crypto users to have a hot wallet, which is accessible online and used for spending; and a cold wallet, such as a piece of hardware, which remains offline: “The hot wallet is perhaps more vulnerable to theft. So you put just enough for your predicted expenses in that one. …It’s a balancing act,” he said.