Remember when you were about to make your crypto investment debut, you were probably advised to invest what you can afford to lose. You invested what you could afford to lose, but then you found yourself going deeper and deeper into crypto investments. Now you have more than 50% of your total net worth invested in crypto, crypto is part of your life now. While you are on the crypto investment path, you are looking for ways to increase your crypto value, while also being vigilant on protecting your asset, hence increasing your crypto security. In crypto asset protection we have the cold wallet and hot wallet. 
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The hot wallet has two types, the custodial(CEX) and the non-custodial( Dex), which both has their advantage and disadvantages too, with CEX, there is some level of security the exchange provides, but the disadvantage is that the exchange can control your crypto, not your keys, not your coin. We have seen it happen with celsius, voyager, FTX and more. But with DEX, you own your coins as long as no one comes in contact with your keys. But then, your DEX hot wallet is at risk of being hacked because its connected to the internet. When its connected to the internet, the wrong click of the button can give a hacker access to your wallet, so even though you are in control of your assets, are they really safe? So what length are you ready to go to protect your wallet?

Cold storage is the next option to turn to, but have you heard about ledger’s new recover option? Yeah, ledger introduced a new feature called ledger recover where you pay a fee for ledger to help store your seed phrase, should incase you lose them. But this will involve some KYC to prove ownership, but this also means that your identity will be known and I saw it some where in a blog or reddit that ledger can be subpoena to access your information by the authorities if need be. There are different cold storage hardware wallets, but with the new ledger recover feature, people are wondering, is there a back door to these cold storage hardwares? So what do we do to protect our assets? Is there a way to check that these cold storage hardware’s dont have back doors?


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