Are Your Assets In Safe Hand?

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Why I prefer crypto currencies more than the gold? As we all know that cryptocurrency is digital currency which we can store or hold in our personal digital wallet securely. If your device lost or stolen, you can immediately change password or can take necessary steps to save your assets from lost. Storing gold can be considered as analogue system of saving asset that I don't prefer for several reasons.

First reason is security concern. Many people save their gold in bank locker, what if the bank become victim of bank robbery? What if someone try to misuse your gold in the bank? That would be very rare but still has possibility so why taking risk? Using gold jewellery is risky too, as many people lost their precious life when they tried to save their precious asset gold from robbers or from others corrupts. Gold can be a good asset but it has risk too.

Now question is, are your assets on safe hand? You are saving your money and gold in a bank for many years and they are already your trustworthy. Does they compensate when your asset will be in danger? Like I mentioned about the bank robbery. If they mention in agreement that they will compensate then your assets are on safe hand but if not then you should think about your asset safety at least twice.

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Digital currency is more safe and secured as asset because here you have less chances to be hacked. First of all, don't let others know how much asset you have in your wallet. Hackers target those people who already having big amount of asset in their wallet. Use multiple wallet, for example I use Trust wallet, binance and coinbase as crypto wallet and keep save wallet details in a safe place, if you don’t trust online drives use personal drives and save keys and password in a multiple places, if your personal drive lost then you atleast can recover or get back information from some other source where you saved it securely.

In bank and other institute your asset saved by people and information securely saved, look I'm not against banking systems as they are also getting smart and provide online banking facilities but I feel more secured with crypto coins as the wallet information on my hand and for assets which hand could be more safest than our own hand?

Ornaments and jewelries are girly thing but as a girl I never feel attraction to it but I'm really very attracted to cryptocurrency since the beginning I start earning it and saving it too. I consider my crypto savings precious like gold and I've full access to my asset and I have no need any third party security to save my virtual wallet. I've heard in binance and coinbase our assets can be access by these service providers, its like banking system but Trust wallet is more trustworthy as the seed phase saved by us only so no third party access on that. Bank officers and other service providers are trustworthy too but it always more safe when your assets are on your own hand. I'm not telling you stop trusting those service providers whose saving your assets for several years, just be more secure with your asset.

Note: I'm not a financial advisor.

Thanks For Reading

I've Published it before here: Are Your Assets In Safe Hand?

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