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Wouter KampmannHead of Engineering, MakerDAO How to store ethereum TrueMoney operates under Ascend Money, the digital payment and financial service unicorn of Charoen Pokphand Group's online business arm Ascend Group, while Merkle Capital operates under Cryptomind Group Holdings, a pioneer in digital asset services and investment product development.
Eth wallets
With hot wallets, private keys are stored in the cloud for faster transfer. With cold wallets, private keys are stored in separate hardware that is not connected to the internet or the cloud, or they are stored on a paper document. Hot wallets are easy to access online 24/7 and can be accessed via a desktop or mobile device, but there is the risk of unrecoverable theft if hacked. With cold wallets, the method of the transaction helps in protecting the wallet from unauthorized access (hacking and other online vulnerabilities). Own your data With an ETH wallet, you can send and receive ETH, various ERC-20 tokens, and non-fungible tokens (NFTs). You can also use your ETH wallet to interact with decentralized applications (dApps) on the Ethereum network. Even if you only want to use your Ethereum account to trade and speculate on the coin’s value, you will still need a crypto wallet that supports Ether — it is not safe to store your investments and funds on exchanges.
24/7 human support
As you may have discovered during your journey through investing in cryptocurrency, many or even most crypto-specific wallets don’t work with multiple different cryptocurrencies. TRENDING Once you have purchased cryptocurrency, you need to store it safely to protect it from hacks or theft. Usually, cryptocurrency is stored in crypto wallets, which are physical devices or online software used to store the private keys to your cryptocurrencies securely. Some exchanges provide wallet services, making it easy for you to store directly through the platform. However, not all exchanges or brokers automatically provide wallet services for you.