A common question of those who bought their coins on exchanges is: where do I store my coins?

It’s generally bad practice to keep your coins on an exchange.

We recommend against storing your coins on any online platform, especially exchanges. This is because exchanges store your keys. In this sense, you don’t own your coins, as you only own your coins if you own your private keys. This is of crucial importance, as any data breach or malpractice could compromise your entire cryptocurrency holdings.

Recommended: Hardware Wallets

The most secure way to store cryptocurrencies is offline, and we recommend that our visitors use a hardware wallet – a tamper-proof electronic device – to do this. Unlike a software wallet, a hardware wallet keeps your coins secure in the face of software vulnerabilities or attacks, and your coins will be safe if your computer malfunctions or is compromised.

Ledger Nano S

The Ledger Nano S is the most popular hardware wallet, with an affordable price tag. It’s made by the reputable French company Ledger, but is popular worldwide. Even if you lose your Ledger, you can restore your coins to a new wallet using your recovery seed. You can store multiple cryptocurrencies on your Ledger device, including most of the currencies featured on this website (full list of supported cryptocurrencies here).

Ledger Nano S - The secure hardware wallet

Software Wallets (Desktop, Mobile)

If you’re not ready to purchase a hardware wallet, you can opt for the less-secure option of using a software wallet – either desktop or mobile. The best software wallet for you depends on which coin(s) you’re holding, as many coins and crypto projects have their own wallets (such as ARK). Thus, we recommend you follow the software wallet recommendations on the individual coin guide pages of our site. If in doubt, contact us.

You don't own your coins if you don't own your keys
Hodl is a popular term for long-term holders in the Bitcoin community