Ownership of cryptocurrency is determined by who holds the private keys to these assets. Because of this, they are far more important than a password could ever be.

Storing these codes on the cloud can be calamitous in case you get hacked, while holding them on your phone can be devastating if the device is lost, stolen or damaged. Crypto enthusiasts have heeded advice from experts by getting clever and recording them offline – using a USB stick or even an old-fashioned piece of paper – only to forget where they put it or throw it away without realizing its significance.

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