Buying cryptocurrency is only the first step. It's equally important to make sure your digital assets are stored securely after purchase.
Whether you're buying through a HoneyBadger Bitcoin ATM or our online platform, a few simple habits can help keep your cryptocurrency safe.
Choose a Secure Wallet
Your wallet is where your cryptocurrency is stored, so choosing a trusted option is important.
Many crypto users choose wallets such as Electrum, Ledger, or Trezor because of their strong reputation and focus on security. Taking a little time to research wallet options before purchasing crypto can help set you up for success.
Back Up Your Recovery Phrase
When you create a wallet, you'll receive a recovery phrase that can be used to restore access if your device is lost, damaged, or replaced.
Store your recovery phrase somewhere secure and never share it with anyone. If someone gains access to your recovery phrase, they may be able to access your cryptocurrency.
Consider a Hardware Wallet
For customers planning to hold cryptocurrency long term, a hardware wallet may be worth considering.
Hardware wallets such as Ledger and Trezor store cryptocurrency offline, providing an additional layer of security while keeping you in control of your assets.
Review Transaction Details Carefully
Before sending cryptocurrency, always take a moment to verify wallet addresses and transaction details.
Because cryptocurrency transactions are generally irreversible, reviewing information carefully before confirming a transaction can help prevent costly mistakes.
The Bottom Line
Keeping cryptocurrency safe doesn't have to be complicated. Choosing a trusted wallet, protecting your recovery phrase, and following basic security practices can go a long way toward protecting your digital assets.
HoneyBadger's Bitcoin ATM network and non-custodial online platform allow customers to buy cryptocurrency and send it directly to their own wallet, giving them control of their digital assets from the start.
If you have questions, our team is available 7 days a week to help. Reach out anytime at support@badgercoin.com or call 1-778-800-3777 and we’ll help you complete your transaction with confidence.
