r/CryptoMarkets • u/PlutoFBG7 • 1h ago
DISCUSSION Where do we keep our crypto safely?
Hi everyone, im sure alot of you know that there have been an insane amount of hacks in the crypto space lately and it's starting to get concerning.
First it was Ledger, a device which was literally known for the best security out there, then it was Binance twice in a row, then apparently we had to update our iPhones because every wallet could get infected from a "new hack".
Obviously we all know that nothing is safe nowdays, not even bank accounts. But crypto was known for it's high security and anonymity, especially cold or hot wallets.
As long as you didn't share your seedphrase you used to be good, but nowdays people are randomly getting drained out of their wallets with no explanation to it.
I've seen multiple cases of crypto users getting drained without even connecting their wallet to any website, without downloading any softwares, or without sharing any confidential information about their wallets, so it just goes to show how crazy and unsecure it's getting.
I've been doing alot of research lately and answers are always different. Some people still praise Ledgers while others hate it, some say Trezor and many more.
I currently hold crypto in Ledger and also on 3 different wallets including Phantom. Obviously never keep all of your money in one wallet.
But what are your thoughts on this?
I know that there is always a possibility to get hacked and you can never say "never" but what do you think is the safest app or device to store your crypto in?