The Ultimate Protection For Your Cryptocurrency Offline Wallet

July 28, 2017

picture of an offline cryptocurrency wallet

 

You may not have heard yet, but there is a financial revolution coming.  

Millions of people have become millionaires overnight (OK, maybe it took a few years) investing in cryptocurrencies; and the one you’ve most likely heard about in the news is Bitcoin.

Bitcoin is in the process of going through a time of uncertainty because of a possible programming upgrade, that may or may not happen, that could start to take place after August 1st, but may not (it is a saga worthy of investigation), and this uncertainty is a good reminder to keep up with a really good crypto-habit:  storing your coins in an offline wallet and then using a waterproof, Faraday cage product for the ultimate protection for said wallet.

If you’re going to store a small (or large) fortune in it, adding additional layers of security for it is a good investment - in your investment!


Why Should I Use An Offline Cryptocurrency Wallet?


ledger nano s cryptocurrency offline wallet


There are many reasons you should use an offline cryptocurrency wallet.  


The way cryptocurrencies are used and stored is with public and private keys, and whoever owns these keys owns the cryptocurrency in question.  It’s a very black and white matter with practically no recourse should someone end up with those keys.  If you’ve ever heard the expression “possession is 9/10th of the law”, then know that’s exactly how it works in crypto-land.

This means that your crypto assets are always at risk of being stolen, whether physically like someone in your home taking your keys from a piece of paper you wrote them down on, or electronically by a phishing scam or trojan malware that infects your computer to take control of it.

If you keep your coins on an exchange, then those are also at great risk, as a handful of exchanges have been “robbed” even.  

For instance, back in February of 2014, an exchange called Mt. Gox, which was handling over 70% of all Bitcoin transactions worldwide at the time, had approximately 850,000 Bitcoins stolen and had to file bankruptcy protection and shutdown.  Very few customers were made whole after, while most lost everything they had in the exchange.

A more recent example of exchange hacking comes from this past week, in fact, when BTC-e, another cryptocurrency exchange, suddenly shut down its website when one of its founders was arrested in Greece for laundering Bitcoins - many of which are thought to be from the Mt. Gox hack!   

If you want a real life case of “truth is stranger than fiction”, then look no further than the craziness that surrounds this newfound source of vast wealth.   Where money is found, sin will follow, and these new currencies are certainly no exception.

These types of robberies and vulnerabilities demand the use of an offline wallet.  Not only do you want to store your keys somewhere safe, but this storage device should also be “air gapped”, meaning that it has no way to be wirelessly connected to the Internet.  This is, by far, the safest and most reliable way to store your keys.


Does My Offline Wallet Need Extra Protection?

 




The short answer is:  yes.


If you are going to the trouble of implementing and keeping up with this excellent habit of storing your cryptocurrencies or altcoins in an offline wallet, then why not add on a few more layers of protection in one inexpensive product?

Think about it.  Popular offline wallet devices like the Ledger Wallet Nano or Treznor are electronic devices and have the usual vulnerabilities - such as getting them wet.

And while these devices use a USB connection in order to work, lets not put it past enterprising hackers to develop a way of getting to these vast collections of wealth wirelessly.   You wouldn’t think your wireless entry key on your car could make it vulnerable to car theft, but it’s a fact and the world we live in.  

Do you really want to leave your life savings (tip:  never invest more than you can afford to set on fire) in a device that could possibly get wet and forever damaged or even hacked?

If only there were a product that solves both of these problems…


The 10 Liter Faraday Dry Bag Is The Ultimate In Offline Wallet Protection

 10 Liter Faraday Dry Bag waterproof cryptocurrency offline wallet


Welcome to the only dry bag on the market today that also serves as a Faraday cage:  The 10 Liter Faraday Dry Bag

Made with military-grade 210D Nylon with TPU backing and RF welded waterproof seams, and lined with a proprietary metallic shielding fabric that blocks ALL wireless signals to and from your offline cryptocurrency wallet, our 10 Liter Faraday Dry Bag adds critical layers of protection:  waterproof, signalproof, and physical protection as well.

All you have to do is drop your offline wallet inside the bag, roll down the top at least 3 times tightly, and clip together using the fasteners; and your Treznor will be safe from getting wet, dropped, or even hacked.

If your kids’ college funds are wrapped up in that wallet (please, for the love of God - do not do this!), another $89.95 to ensure it stays there is not only a good idea, but another good investment.

Think of it as a stop-limit order.  If we normally insulate ourselves from risk when possible with a stop-limit order that sells our stake before we incur too much loss during a downswing, then we should be insulating ourselves from the physical risk of getting our offline wallets wet, permanently damaged, or even hacked.


Get yourself some extra piece of mind today!







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