How to store cryptocurrencies
Investors in crypto-currencies (crypto-assets or digital assets) have one major concern: securing their assets and private keys. This is to minimize the risk of theft, hacking or loss, while guaranteeing absolute control over one’s crypto-currencies.
Choose from the solutions best suited to your needs in terms of use and safety:
Cold Wallets
Cold wallets are designed to maximize security by storing private keys offline (disconnected from the Internet), protecting them from online threats. There are two main categories of cold walletPrice variation of an asset on a given period.: hardware wallets and paper wallets.
Hardware Wallets
Hardware wallets are shaped like an external hard drive or USB key. They are renowned for their invulnerability to online attacks.
Paper Wallets
As cold wallets, paper wallets involve the generation and printing of private keys on a physical medium such as paper.
Cold wallets need to be protected from theft or damage. Although they are disconnected from the Internet, their security depends on the physical protection of the medium.
Hot Wallets
Hot wallets are online solutions offering rapid access to funds. However, they are vulnerable to cyber-attacks (theft, hacking…) as they are connected to the Internet.
Online wallets
Installed on a personal computer, they offer a balance between security and accessibility, although they remain vulnerable to malware. Online trading platforms often offer integrated wallets.
Software wallets
Smartphone applications facilitate access to cryptocurrencies on the move, offering great convenience and accessibility. However, they require enhanced device security to prevent risks.
Cryptocurrencies or digital currencies are terms commonly used in the crypto ecosystem. However, the terminology favored by regulators (ACPR and AMF) is crypto-assets or digital assets. This distinction arises because, although often referred to as cryptocurrencies, these assets do not qualify as currencies in the legal sense. They are virtual resources based on blockchainA blockchain is a type of distributed ledger technology. It is a huge database formed by blocks,cryptographically linked to each other, containing information such as transactions. These blocks are addedfollowing technology, whose value is determined solely by supply and demand.
None of the information contained in this FAQ constitutes investment advice, tax advice, legal advice, or any other type of advice, nor does it serve as an invitation to engage in any form of financial transaction.
Investing in digital assets carries risks and may not be suitable for all investors. It is the responsibility of investors to educate themselves about the risks associated with different digital assets. In particular, it is noted that digital assets can exhibit significant volatilityPrice variation of an asset on a given period., and investments in digital assets involve a risk of capital loss. Accordingly, it is important to remember that the past performance of digital assets, as might be indicated on Banque Delubac & Cie’s website or in documents provided to investors, is not indicative of future performance. Investors should familiarize themselves with the technologies underlying each digital asset and their associated risks, including vulnerabilities, defects, hacks, errors, protocol failures, or attacks on the protocol. Banque Delubac & Cie cannot be held liable for any misunderstanding of the risks associated with digital assets or for any losses investors may incur due to errors in wallet addresses attributable to the investor.
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