Page 169 - Cyber Defense eMagazine September 2023

How to Get a Good Cold Wallet

When people decide to get their cold wallet, they first have to consider where to buy it. Cold wallets
should be purchased from the manufacturer or authorized resellers. Manufacturer websites such as
Ledger.com will hold a list of authorized resellers.

The next step would be determining how someone wants to use the wallet. Some users prioritize trading,
while others wish for long-term storage wallets. Some cold wallets even allow crypto-loaded gift cards, a
great way to pass on digital assets to others.

Wallets have many features that make them more or less complicated and secure. Some can be as
simple as a thumb drive. Others will have biometric scanners. Seasoned traders will have different cold
wallets for various purposes, too — there’s no need to restrict oneself to only one cold wallet.

The bottom line is that the bigger and more successful the cryptocurrency industry is, the more of a target
it becomes for hackers. One of the best ways for people to safeguard their digital assets is to take an
active role in self-custody. The reality is that adopting cold wallets en masse isn’t a precaution but a
necessity. And no one should wait for the wake-up call of becoming a target or losing their assets.

About the Author

Mark is a multifaceted entrepreneur who has excelled in multiple
industries. His diverse portfolio includes a long-standing staffing agency,
a background screening business, a UK-based real estate business,
and a prominent ecommerce business - The Crypto Merchant. The
Crypto Merchant, his latest major acquisition in 2021, is now the largest
reseller of crypto cold wallets in North America.

Cyber Defense eMagazine – September 2023 Edition 169
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