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RE: BTC, LTC & ETH Debit Cards - Spend Your Profits ANYWHERE!
Thats great, you can keep your money in the blockchain without worrying too much
Thats great, you can keep your money in the blockchain without worrying too much
Good observation. Remember all 'wallets' are nothing more than the secure KEYS that unlock the value within the blockchain. Best practices dictate that you must always move your coins off of the exchange as soon as you acquire them.
I prefer to use the wallets that either rest directly on their respective blockchains with a simple interface, or the native full node wallets directly from the developers. This is time consuming, expensive and a general pain in the ass, but for me it is the best way to go for now.
This is my 'warm wallet' approach. My hot wallets are on my cel phone for day to day spending. These 'hot' wallets are no longer necessary if you use these cards. Solves the hassle of having to be so vigilant about security when you are out spending in the real world.
We all know that actual cold storage is either a hardware wallet or paper. Of course the ultimate is a brain wallet, but I haven't gotten that far yet. I still have trouble remembering the combination to my locker at the gym after I haven't been there for a couple weeks.....:)
Lol @ brain wallet. That is actually a very level headed and practical approach you just mentioned