Hello everyone! I have seen that there is a big crypto community on Steemit, and I think I can play an important role by educating people about holding the private keys in a proper way to prevent theft, lost or confiscation and enhance privacy. I think too many people (especially newbies) are still storing their coins on exchanges, while the ability to own your own money is one of the biggest features of crypto!
HELLO STEEMIT!
KEEP YOUR OWN KEYS!!
Bitcoin is the first money owned by the people, so people: Own it!
It takes some education to learn how to store your cryptocurrency securely and without a 3rd party involved, but once you learned it you can benefit all the privileges that Bitcoin is designed to give you. Exchanges are actually crypto banks, so when you store your crypto’s on an exchange it is not different than holding your money in a bank, and Bitcoin was created to circumvent the banks. See below the difference between an Exchange VS Storing your own keys:
1: KYC and AML VS Private
2: Can be frozen VS Always ready to use
3: Counterparty risk VS Own responsibility
4: Giant centralised honeypot VS Spread out small amounts
Who can explain it better than Andreas Antonopolus?
A hardware wallet is the easiest way to keep your own keys properly
There are many ways to keep your own keys like an hot wallet, paper wallet, brain wallet and of course a hardware wallet. Generally said: The easiest way to do it is often not secure and the most secure way is often not easy. With a hardware wallet you will get the best of both, it is almost as secure as a paper wallet and as easy as a hot wallet. The only downside is that you have to invest some money.
With Bitcoin you can be your own bank, but you have to do it properly.
I use hardware wallets myself
I am a very happy user of hardware wallets, I use the Trezor and Ledger Nano S as well. The Trezor I use for my long term holdings (BTC and LTC) and the Ledger for daily payments and short term alt coin trades. When I want to trade between two coins I normally use Shapeshift so that I don’t need to sign up, deposit and withdrawal etc., when Shapeshift doesn’t support a certain coin the use of an exchange is unavoidable, but I only use it where it is designed to use for: To exchange!
Why Steemit
I think Steemit is a perfect platform for me, it is growing fast, doing amazing things and everyone loves cryptocurrencies. I also like the fact that I can send my earnings directly to my hardware wallet through Blocktrades, no fiat service will be involved. I hope I can add something to this amazing platform, and I am sure this platform can add something for me!
welcome to the huge comiunity . i hope you can improve yourself at it with your original works . thanks
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Thank you for this very helpful post @hardwarewallet! Warm welcome to Steeemit :) We at @cryptaldash are looking forward to read more content from you.
Thank you very much!
If you don't own your own keys you can't be free!
Exchanges are basically the banks of this industry so you know how well that went in the old system crypto is trying to replace?
Idd, power over your own money is the biggest feature of Bitcoin!
Welcome to Steemit, hardwarewallet! I wish you a very joyful journey here in this culturally diversified yet mostly unified community :) May the force be with you ;)
By the way, there are several groups you as a newcomer can join. They will stay with you for your journey, helping and mentoring along the way.
@greetersguild invite link https://discord.gg/AkzNSKx
@newbieresteemday invite link https://discord.gg/2ZcAxsU
Thanks for the links!
Welcome to Steemit. It's really a good platform for the nurturing authors and for the people who want to share their good work with the world. You'll surely have a nice time here. Lots of good wishes and good luck to you!! :):)
Thank you very much! Will try to get as much as possible content out here.
Welcome to the community. By hard wallet, are you talking about something like Coinbase that is directly tied to my fiat source?
Thank you! No, the main subject will be how to store cryptocurrencies when it is in the ecosystem without being dependent on the fiat system.
Ok, looking forward to following you. I have about 60 BitShares (BTS) in BlockTrades but I can't convert BTS to anything. Do you know anything about Steem, SBD, SP, and BlockTrades? What's different about BTS...I've been able to make other exchanges. Thanks!
HIya! Thank you for your post and welcome :-) I am also new here. Following you.
Thank you! I hope you like my content. Welcome here too if you are also new.
Welcome to Steem, @hardwarewallet!
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Welcome to Steemit @hardwarewallet!
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Oh yea, I have upvoted you and followed you. Many blessings from @introbot
✅ @hardwarewallet, I gave you an upvote on your first post! Please give me a follow and I will give you a follow in return!
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Very nice post! Followed and resteemed to hopefully help you grow your community :)
Welcome to steemit @hardwarewallet. Join @minnowsupport project for more help. Checkout @helpie and @qurator projects.
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Welcome to Steemit, I hope you like it here very much, I followed you, I hope this is mutual ;) A lot of interesting things ahead, good luck!
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