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Digital Asset Security and Custodial Solutions
Asset Security
Securely Store Your Digital Assets
Asset security is extremely important when storing cryptocurrency. A Cryptocurrency Wallet is a device or program that keeps your digital assets, private keys, and wallet addresses all in the same place.
When purchasing digital assets, you will need somewhere safe to hold them.
We recommend hard wallet storage as the most secure means of holding your digital assets. The 3 main storage solutions are summarised below:
Hard Wallet Storage
In terms of security, we believe that it doesn’t get any better than a 'Hard Wallet'. A Hard or Cold wallet is a physical device that has the sole purpose of storing your cryptocurrency within the hardware. The device is never connected to the internet unless you need to transfer assets. To access it you enter your private pin directly onto the device, making it virtually impossible for a hacker to access your digital assets. The most notable example of hardware cryptocurrency storage is the Ledger Nano X.
Mobile or Desktop Wallet Storage
Mobile and Desktop wallets are downloaded to a specific laptop or mobile phone, and they can only be accessed from that particular device. Generally speaking, they offer a good combination of security and convenience. However, it is important to remember that if a hacker were able to remotely access your device, they could gain access to your wallet. The most notable examples of Mobile or Desktop storage are Exodus and Trust Wallet.
Exchange Wallet Storage
An exchange wallet offers the greatest level of convenience when buying and selling digital assets. However, it is also considered to be the least secure. This is because the wallet provider usually has full control over it.
An example of this would be storing digital assets with a cryptocurrency exchange. The exchange will store your coins on their central server, which means that if it hacked, the hacker could have access to your assets. It is best advised to only keep a small number of assets in a digital currency exchange wallet.
Free 'Ledger Nano X' hard wallet
Our Private clients receive a free 'Ledger Nano X' hard wallet to secure their Digital Assets when they place their first trade using our service.