That said, there are also great risks in using an offshore exchange. If an offshore exchange knowingly sells crypto to a U.S. resident, for instance, it may be fined by the FinCEN, and so offshore exchange companies may take steps to block users based in the U.S. As much as possible, use an exchange recognized […]

So it is imperative to keep the mnemonic phrase in a secure location, and to not store a digital copy of it anywhere. As introduced at the https://www.xcritical.in/ beginning of this section, a cold wallet is entirely offline. While not as convenient as hot wallets, cold wallets are far more secure. A set of a […]