In addition to buying, selling and exchanging cryptocurrencies, exchanges are often used as a place to store your newly acquired crypto assets. However, when it comes to storing crypto, exchanges are not very safe and limit their freedom. Because the exchange really owns your crypto, you don't have full control over your own assets or the freedom to do whatever you want with them. The exchange has it. Therefore, the exchange can set certain limits to your cryptocurrency activities, such as setting a minimum or maximum withdrawal limit.
Don't forget that crypto assets are digital money; they're nowhere physically talking. They require specific security measures to ensure they are truly and safely yours. And it's only up to you to do it.
For these reasons, Jobchain suggests that you buy your own hardware wallet, which gives you full power over your crypto. A hardware wallet is a cryptocurrency wallet that stores the user's private keys (a critical piece of information used to authorize outgoing transactions on the blockchain network) on a secure hardware device. The main principle behind hardware wallets is to provide total isolation between private keys and your computer or smartphone, which are easy to hack.
Ledger hardware wallets, combined with a single app, give you the best security, ownership and control over your assets. Through the Ledger Live App, you can buy, sell, lend or trade your crypto directly, thus combining transaction and storage in one place. Unlike exchanges, purchased crypto is not left insafely on an online platform. Unlike exchanges, you really own your crypto assets and have control from the start.
Suggested by Jobchain®
What you need
** -Edger Nano X -An iOS 9 or Android 7 smartphone or a Windows 8 (64-bit), macOS 10.10 or Linux computer -The Ledger Live app downloaded and installed**Shop: (https://shop.ledger.com/pages/ledger-nano-x)
Step 1/4 Get Ledger Live to start setting up your device (https://content.jobchain.com/uploads/live_fda43b41d6.png)
** Install the apps on your device Go to the Manager on your Ledger Live to select the app (s) you want to install on your device. **Video: (https://youtu.be/ZF4W3xgOUhQ)
** Install apps on your device Go to the Manager on your Ledger Live to select the application (s) you want to install on your device.**Video: (https://youtu.be/iaKI-vDQv94)