Bankless cover image

Ledger CTO on How NOT to Lose Your Crypto

Bankless

CHAPTER

Securing Cryptocurrency: Balancing Simplicity and Safety

This chapter explores personal cryptocurrency security setups, focusing on the use of ledgers without private keys and the risks of losing access to those keys. It emphasizes the importance of simplicity for new users, while also discussing advanced features like plausible deniability through BIT39. The conversation contrasts cold and hot wallets, providing insights into best practices for managing transactions and enhancing overall security.

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