Assalam o Alaikum, hy and hello my dear Steemit family what's going on I hope you are fine, its me Afshaan from Pakistan and I'm here to participate in Steemit Engagement Challenge Season 3 - Week 3 and the topic is The Wallets so let's move towards the topic.

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What are wallets? Different types of wallets.

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In this day and age, with the rapid growth of cryptocurrency, there is a new type of digital wallet known as a crypto wallet. A crypto wallet is a digital wallet that allows you to store, send, and receive digital currency like Bitcoin, Ethereum, and Litecoin. Cryptocurrency wallets are similar to bank accounts in that they hold your assets and allow you to transfer them to other people or businesses. Most crypto wallets are online so that you can use them on any device. They also allow you to make transactions without having to wait for a bank transfer or credit card payment.

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Cryptocurrency wallets are an online digital wallet that stores the credentials necessary to transact with various cryptocurrencies. There are a few different types of cryptocurrency wallets: desktop, mobile, web, hardware, and paper. Desktop wallets are software that is installed on your computer and keeps your private keys safe.

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Mobile wallets are software that is installed on your phone and it keeps your private keys secure. Web wallets are websites that hold your private keys and make it easy for you to transfer digital currency. Hardware wallets are physical devices that securely store your private keys. Paper wallets are physical pieces of paper that contain your public and private keys.

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Why do you think wallets are important?

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Crypto wallets are important because they make it easier for you to store your digital assets in a secure location. Wallets are also important because you can save your Crypto assets for a long time as you can just you have to keep remember your private keys, passwords and backup codes.

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Crypto wallets make it easier for you to send and receive digital assets. If you are someone who is new to crypto, or a regular trader, then you should know that your wallet is where all of your assets are stored. You can also use your wallet to store and receive other digital assets, such as tokens and coins.

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Cryptocurrency wallets are important because they are one of the most important and necessary tools for cryptocurrencies. It is important to have a secure wallet that is easy to use. You should always make sure your password is strong, and that you can access your wallet from anywhere. This is important because if you lose your password, then you lose all of your cryptocurrency.

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Have you suffered any theft in any of your wallets? Tell us about your experience, what do you do to protect your cryptocurrencies?

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I’ve been a crypto-investor for over a year now, and I have never suffered any theft in any of my Crypto wallets. I have been careful about keeping my private keys stored safely on a different device from my computer and phone. I have also made sure to never keep my private keys on any of the same devices as my passwords or other important information that I wouldn’t want to lose.

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As we all know, the crypto market is unregulated most countries and unregulated markets are the most likely to be hacked. The crypto market has been hacked more than once and more recently, just a couple of times ago , over $500 million worth of crypto was stolen from Coincheck, one of the world's largest exchanges.

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If you have any of your crypto in an exchange, make sure you move your coins to a wallet that is not on an exchange. If you still have coins on an exchange and they get stolen, you might not be able to get them back. Make sure to keep your crypto safe by using a strong password and encrypting your wallet.

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Which wallets do you own? Why did you choose those wallets?

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Cropped secreenshot from my phone

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I have been working as a Crypto trader for one year and I had have some Crypto holdings for long time I have Used Trust Wallet, but after some time due to some financial reasons I transferred my all asset to binance for sale out. But I still have Trust wallet. My experience with Trust Wallet was very nice. I didn't face any technical problem or theft attacks on my wallet.

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Screenshot of my Trust Wallet

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I chose Trust Wallet because it provides you extensive Security features, totally free of cost, the main thing is that you don't need to complete Kyc or store your personal data for using Trust wallet because it is non-custodial wallet with the support over 160K+ assets and blockchains and Cryptocurrences. It is decentralized and open source mobile crypto wallet and can also be used on desktop. You can also stake your Crypto assets to earn interest.

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There are so many different crypto wallets out there, and it can be overwhelming to choose which one is best for you. Some people might be more comfortable with a hardware wallet, while others might like to store their funds in a mobile wallet. Some people might have a preference for a desktop wallet, while others might like to use a mobile app.

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There are also the different types of crypto wallets to consider, such as paper wallets, cold storage, and more. The best thing to do is decide what your priorities are for your wallet and then find a wallet that has those features.

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Do you prefer hot wallets or cold wallets, give your opinion about.

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Hot wallets are connected to the internet and are more susceptible to being hacked. Cold wallets are stored offline and can be accessed when needed.Cryptocurrency wallets are a digital way to store your digital coins. There are many types of wallets, but I prefer cold ones. When you store your coins in a cold wallet, the wallet is disconnected from the internet. This means that your coins cannot be hacked or stolen by a virus.

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Cold wallet stores private keys on a computer that is not connected to the internet. This helps protect your cryptocurrency from hackers and other forms of cyber-attacks. Cold wallets are also safer than hot wallets because they do not rely on an internet connection. When you first start out with cryptocurrency, it can be difficult to know what wallet to use.

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Conclusion

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Dear I tried my best to fulfill the requirements of the contest. With the recent increase in popularity of cryptocurrencies, there is an increased need for a safe place to store your digital assets. There are a variety of cryptocurrency wallets available, but many people are hesitant to use them because they feel they are not secure enough.
It is important to educate yourself on the different types of wallets and which one would be best for you, So keep your assets safe and Stay Happy, have a good day, good bye.
I'm invited to the contest : @adnanyassin, @precious123, and @ogwo