Scam on Cold Wallets or Digital Wallets

in #cryptocurrency6 years ago (edited)

By now, most of us know not to put all the cryptocurrency we have on a cryptocurrency exchange or an online wallet. The reason for this is because companies can get hacked and you will lose all your money! 
To solve this, you have to buy a hardware wallet or a cold wallet to save your cryptocurrency into.
Since the Ebay Scam, I have seen many online website selling used cold wallets like amazon.com 
Lately, I'm hearing people new to crypto talking about a good deal on used wallets.

One advice i can give is DO NOT EVER BUY A USED WALLET!!!!
You will probably lose all the crypto you have if you buy a used wallet because the original owner still has the password. WHY WOULD YOU EVER BUY A USED WALLET AND POSSIBLY LOSE ALL YOUR SAVINGS? This is asking for an order of heart attack!  

If you do not have enough money for a new wallet or want a good deal on a wallet, i suggest an online wallet. They are very safe. A lot safer than a used wallet...
People that have been buying used wallets have had their savings stolen because the seller still has the password to the wallet. 

Make sure when you do buy a new cold wallet, that you do keep it somewhere safe and DO NOT FORGET THE PASSWORD. I have had many people including myself forget the password:(

One cold wallet i like is Trezor and they are for about $80 right now. I'm sure as the years go by the price of wallets will drop tremendously.