How to use Bitcoin, Litecoin, Monero, Ethereum or stablecoins USDT and USDC securely? Is it possible to skip banking verification procedures completely and use cryptocurrencies in real life anonymously?
October 17, 2023
Back to academy
When it comes to cryptocurrencies the most important thing is security. Only you are responsible for your coins and transfers. For this purpose we recommend to everyone to use hardware wallets and not keep their coins in exchanges (they may go bankrupt as history already shown - Mt. Gox or FTX are gone together with their users assets) as you may loose your coins if you don't own your private keys.
If you choose to get paid in cryptocurrency, you should be prepared to wait a couple of days longer for your payment compared with bank account payments, because in general we do not store large amount of cryptocurrencies, so we need to buy them first and it takes us some time to do that.
With these wallets and exchanges you should be well prepared to receive and manage our payments to you in cryptocurrencies:
Trezor is a Czech based company, with first ever hardware wallet, no security breach (yet) is a way to go if you want to keep your coins secure. There are many tutorials how to use it and it costs very little with worldwide shipping available. Hardware wallets like Trezor are considered one of the most secure methods for storing cryptocurrencies, as they keep your private keys offline, making it extremely difficult for hackers to access your digital assets.
In their own walled called Trezor Suite you can manage (send, receive, hold) thousands of different cryptocurrencies, but in case you do - we recommend you to stick with the BTC, XMR or a stablecoins.
Ledger is a well-known brand in the cryptocurrency and blockchain industry, primarily recognized for its hardware wallets designed to provide a secure way to store and manage cryptocurrencies founded in 2014.
Ledger offers various hardware wallet models, including the Ledger Nano S and the Ledger Nano X, with different features and price points to cater to the needs of a diverse range of users. It's important to purchase Ledger devices from official sources to ensure their authenticity and integrity.
We have experiences with both Trezor and Ledger and even though Trezor lacks some features and have some bugs in their wallet we believe it is the best solution for your cryptocurrencies out there.
There are many cryptocurrency exchanges available in the market, including a few local ones, but why not stick with the most credible pioneers of the industry? We recommend our users to go with Kraken or Coinbase.
Coinbase is one of the most well-known and widely used cryptocurrency exchanges and digital asset platforms in the world. It offers a range of services for buying, selling, and managing various cryptocurrencies, as well as educational resources and tools for both beginners and experienced users.
From our experience we found Coinbase a bit more expensive compared to Kraken, but it is always nice to have a backup. Coinbase is often recommended for those who are new to cryptocurrencies and want a reputable and easy-to-use platform to get started. However, experienced traders may explore other exchanges with more advanced features and lower fees.
Kraken is a well-established cryptocurrency exchange and trading platform that was founded in 2011. Over the time Kraken has earned a reputation as one of the most reliable and secure cryptocurrency exchanges in the industry.
Good news is that Kraken has rather high withdrawal limits before they ask for verification - currently at 5000 USD a day in any cryptocurrency. Because of that, it is a viable choice for users who does not want to share a lot of information about them online.
Did we miss something important? Let us know and keep FriendlyBunny the best ad network - contact us.