Hi everyone, I have a bit of a strange question. I've been dealing with cryptocurrencies for a long time and have been storing them on an exchange. But lately I've been worried about whether it's safe. One of my friends lost access to his account a few months ago, and all the funds were simply gone. He advised me to try a hardware wallet, saying that it is more reliable. Do you think it's worth buying such a thing or is it an unnecessary expense? Maybe someone is already using it and can share their experience?

I've been using a hardware wallet for a long time and, frankly, it was the best solution for me. It may not be for everyone, but personally, I sleep better knowing that my key is not "hanging" somewhere in the network where it can be hacked. If you are interested in more details, here is an article that talks about protection in the world of cryptocurrencies, which may help you understand - https://theceoviews.com/security-in-crypto-banking/ . When I bought the wallet, I still had my doubts, but now I would definitely not go back to storing it on an exchange.

Hardware wallets certainly sound more secure than custody on an exchange, but it all depends on how much assets you have and how important security is to you. Some people only use online wallets, and that's enough for them. Everyone has their own approach to security, and it's important to just find what works for you.