“Pandora´s Wallet and Trezor”
Updated: May 28, 2020
I´ve written many times about exchanges not being a safe place to store your crypto. Nonetheless, a few weeks ago, I realized I haven't been withdrawing my crypto from one of my exchange accounts. Although the withdraw is very fast, it is an extra process that can be forgotten, or you get lazy and say, "I will withdraw later," but that later may be too late; you never know when your account might be hacked, or the entire exchange can go through a security breach. Before I began withdrawing, I always have to double-check if all my passwords and phrases are stored correctly.
Buying crypto may be easy, but it still involves many processes. From creating an account, transferring money to your crypto exchange account, buying crypto, waiting for its confirmation, making an account on a wallet, saving your passphrases, transferring to your digital wallet. These may or may not be difficult for people to execute, but they are more processes than making a regular fiat currency transfer. Sure there are many other pros about using crypto, such as; decentralized network, rapid transfers anywhere in the world, and so much more.
If I have forgotten or just have been lazy about storing all my crypto on my digital wallet, I can only imagine how it must be for a trader. It can be impossible to store your crypto safely in a wallet. I’ve seen the struggles that traders face with DavinciJ15; trading many different Altcoins, holding numerous accounts on exchanges can be challenging to keep up with all your movements. Latter is mainly why he decided to create Pandora´s Wallet, an idea that automatizes trading within your digital wallet without a limit on your buy and sell orders. Being able to connect to your exchange within your digital wallet saves you so much time and also keeps your money safe. Davinci and the team are always trying to find these everyday headaches that traders face and trying to make things easier, such as delisting coins. Last year we saw many coins being delisting from different exchanges; thus, it was decided never to delist coins from the platform.
Besides creating new features for Pandora´s Wallet, we have been working on creating a community around the software. We have recently been promoting a private Telegram that can be accessed if you have a paid subscription. The Telegram allows you to participate in crypto discussions, Q&A with DavinciJ15, and documents with his buy and sell orders ideas.
Check out the latest Pandora´s Wallet Video with DavinciJ15:
Pandora´s Wallet: https://pandoraswallet.com/
For those who are seeking other ways of safely storing your crypto, Davinci recently did a review on Trezor and its Cold Storage for Coins.
“While wallets provide some measure of security, if the private key is intercepted or stolen, there is often very little that the wallet owner can do to regain access to coins within. One potential solution to this security issue is cold storage.”
“Cold storage is often seen as even more secure than a traditional wallet. It involves storing bitcoins offline—that is, entirely separate from any Internet access. Keeping bitcoins offline substantially reduces the threat from hackers. There is no need to worry about a hacker gaining digital access to a wallet when the wallet itself is not online.”
Check out DavinciJ15 Trezor Video Review:
By: Carolina Pérez