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    Author Topic: Risk only what you can afford to lose  (Read 751 times)
    tjtonmoy
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    December 14, 2023, 07:27:39 PM
     #61

    I don't know why people are fixated on the thought of using only one wallet for everything. Hardware wallet, yes that's the best thing and that's why it should be used for storing Bitcoin for the long run. Keep it safe and don't connect it to anything until you are happy with your investment and you want to convert it into profit. So there will be nothing to worry about with that particular wallet. But we usually use other things too. Transferring crypto from exchanges to private wallet etc. for that I think it is somewhat good to use software wallets. It doesn't cost anything and you can easily create another wallet at any given time.
    If you see any suspicious activity with your wallet, you can simply create another one and transfer your coins to that wallet. You can't afford hardware wallets? Just buy a cheap PC, install a clean OS then install the wallet you want for this and before doing everything make sure you make that device air gapped.
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