Security when purchasing crypto

There is a lack of information on crypto.  And for those who are disconnected from the traditional banking system, the information is sparse. Our focus on financial inclusion and making sure we’re putting information into the public domain that is accessible for populations that have been traditionally left out of the wealth management industry is very important for us. When we talk about wealth management, we are referencing stock and bond markets, and other forms of wealth creation vehicles that have been used in the industry. 

Q: So with that introduction, let’s delve into the first line of questioning–– how can one invest in crypto without getting hacked?

A: There are two possible ways to invest in quick crypto without getting hacked. One way is to go the custodial route. That means you keep the coins yourself, some other entity who is much more experienced keeps it on your behalf and you benefit from the price increase. These types of services offered by providers like GBTC, PayPal, and CashApp. It just means that you don’t keep the crypto. You create an account on those platforms, which are already used for digital money transfers,  and just get an account balance, telling you how much crypto you have and anytime. And maybe sell it in time. You tell the platform to sell the cryptocurrency for you and you get your money. And then the other option is self-custody. This case, for example, to have a secure way of storing the cryptocurrency once purchased. One very easy way is to use the Apple iPhone. Why the iPhone, why not Android? Well, it’s about security and Apple, tightly controls, everything that enters the iPhone.  When you have the iPhone, every app in there has been vetted and held to a high standard. They’re not going to steal crypto because unlike, for example, Android, where you have an app in there that says what, it’s a recorder, but it’s also recording your passwords and we’ll use that password to steal your crypto. Nobody’s going to catch it and you’re in trouble, but with Apple, they’ll catch it. Oh, you said your voice recorder, how come you’re recording passwords? You cannot do that. Try again. So the iPhone is safe in that sense for crypto storage is a very, it’s a much cheaper option for that. Most people have it already. So that works. The other option is to use cold storage. What is cold storage? Cold storage is basically any solution that is disconnected from the internet and is unable or designed to not be able to connect to the internet.

So typically it’s like a phone, but it doesn’t have wifi. It doesn’t have Bluetooth, no infrared, no USB, no connection whatsoever to a computer, which means nobody can hack you because to be hacked, you first need to be connected to the internet and it’s off the internet. So you can’t be hacked. So those are the possible options.  To review, the two options are the custodial route where you leverage established applications like Cashapp, PayPal, or GBTC to purchase and store your crypto. The other option is to go the self-custody route.  That means you download a virtual wallet onto your iPhone or store the cryptocurrency in a cold storage. Examples of cold storage would be devices like Ledger or the Kobo Vault.

Q: Okay. So that’s a really good sort of like intro to how to be thinking about security. I think what we’ll have to do is really take a deeper dive in another blog post about how to really think about security and the steps you need to take when you’re buying and selling on an exchange. So with that said here’s another question for you. I heard someone lost their password and lost half a billion dollars. How can I prevent that from happening to me?

A: Okay. In all those cases, it’s typically because the person doesn’t have a backup. One of the cool things about crypto is it allows you to, make a backup copy of your crypto keys and then store them somewhere. So, we have what we call paper wallets. You can print out your backup onto a piece of paper and put that into a bank vault or into a safe place, a diary somewhere where, you know, it’s safe or you can use the iPhone solution I talked about and lock it with your fingerprint that way, you know, you’re never going to forget your fingerprint. Never. You just need to put your finger on it or unlock it for you, and you’re good to go. So those are the two solutions. Of course, people do things like putting it on cold storage and then storing away the cold storage that also works. 

The information on this website and all associated literature are for educational and informational purposes. It does not constitute a fiduciary duty or obligation between Uncut Lab and you. Please consult your financial and investment professional for your specific situation.



I am the Uncut Lab resident cloud computing junkie. I help curate the written content in our Education Corner, providing engaging articles on foundational concepts in cloud computing, data analytics, machine learning, and blockchain technology. Feel free to reach out to me with questions or topics that you would like us to cover. Thanks!

You might also like


  1. avatar
    sex shop en gijon says:

    Hello would you mind letting me know which hosting company you’re working with?
    I’ve loaded your blog in 3 different browsers and I must say this blog loads a lot faster then most.
    Can you recommend a good internet hosting provider at a honest price?

    Many thanks, I appreciate it!

  2. avatar
    slot999 says:

    913524 821185It is in fact a cool and useful piece of info. Im glad that you shared this beneficial info with us. Please maintain us informed like this. Thanks for sharing. 297626

  3. avatar says:

    Hi would you mind sharing which blog platform you’re using?
    I’m planning to start my own blog in the near future but I’m having a hard time making a decision between BlogEngine/Wordpress/B2evolution and
    Drupal. The reason I ask is because your
    design and style seems different then most blogs and I’m looking
    for something unique. P.S My
    apologies for getting off-topic but I had to ask!

  4. avatar
    fly ticket says:

    I will immediately clutch your rss feed as I can’t find your email
    subscription hyperlink or e-newsletter service. Do you have any?

    Please permit me recognise so that I may subscribe. Thanks.

  5. avatar
    flight tickets says:

    It is the best time to make some plans for the future
    and it’s time to be happy. I have read this post and if I could
    I wish to suggest you few interesting things or tips.
    Maybe you could write next articles referring to this article.
    I desire to read even more things about it!

  6. avatar
    how to book cheap flights says:

    I have been exploring for a little bit for any
    high-quality articles or blog posts on this sort of space .

    Exploring in Yahoo I eventually stumbled upon this website.
    Studying this information So i am satisfied to show that I’ve a very just
    right uncanny feeling I came upon just what I
    needed. I such a lot indubitably will make certain to
    don?t overlook this web site and provides it a glance

  7. avatar
    cheap flights tickets says:

    Hi, I do think this is an excellent website. I stumbledupon it 😉 I may
    return yet again since i have book marked it. Money and freedom
    is the greatest way to change, may you be rich and continue to guide other people.

  8. avatar
    gamefly says:

    Fantastic post but I was wanting to know if you could write a litte more
    on this topic? I’d be very grateful if you could elaborate
    a little bit more. Thanks!

  9. avatar
    Garrett Vilhauer says:

    great post, very informative. I wonder why the other experts of this sector do not notice this. You should continue your writing. I am confident, you have a great readers’ base already!

  10. avatar
    valheim dedicated server says:

    Hello There. I found your blog using msn. This is an extremely well
    written article. I’ll make sure to bookmark it and come back to
    read more of your useful information. Thanks for
    the post. I will definitely comeback.

  11. avatar says:

    I was recommended this web site by my cousin. I am not positive whether or not this publish is written by means of him as no one else recognize
    such distinct about my problem. You’re wonderful!

  12. avatar says:

    Have you ever considered writing an ebook
    or guest authoring on other sites? I have a blog centered on the same ideas you discuss and would love to have you share some stories/information. I know my subscribers would enjoy your work.
    If you are even remotely interested, feel free to send me an e-mail.

  13. avatar
    rdiet says:

    I know this if off topic but I’m looking into starting my own blog and was wondering what all
    is required to get set up? I’m assuming having a blog like yours would cost a pretty penny?
    I’m not very internet savvy so I’m not 100% positive.

    Any tips or advice would be greatly appreciated.
    Appreciate it

  14. avatar says:

    My developer is trying to convince me to move to .net from PHP.

    I have always disliked the idea because of the costs. But he’s tryiong none the less.
    I’ve been using Movable-type on several websites for about a year
    and am anxious about switching to another platform. I have
    heard great things about
    Is there a way I can transfer all my wordpress content into it?

    Any help would be greatly appreciated!

  15. avatar
    Pabrik Rak Minimarket says:

    First off I would like to say fantastic blog! I had a quick question which I’d like to ask if you do not mind.
    I was interested to find out how you center yourself and clear your thoughts prior to writing.
    I’ve had trouble clearing my thoughts in getting my
    thoughts out there. I truly do take pleasure in writing however
    it just seems like the first 10 to 15 minutes tend to be lost just trying to figure out how to begin. Any recommendations or
    hints? Thanks!

  16. avatar
    MongoDB says:

    This blog is definitely rather handy since I’m at the moment creating an internet floral website – although I am only starting out therefore it’s really fairly small, nothing like this site. Can link to a few of the posts here as they are quite. Thanks much. Zoey Olsen

  17. avatar
    کلاس اسکیت در مشهد says:

    انواع اسکیت
    ورزش اسکیت فقط به یک نوع خاص اطلاق نمی‌شود و انواع مختلفی دارد.
    در ادامه به معرفی انواع اسکیت میپردازیم:

    1. اسکيت فيتنس، خياباني، فری استايل
    اين اسکيت از جمله رايج ترين و معمولي ترين اسکيت های موجود است و برای لاغری و تفريح و
    حتي به عنوان وسيله نقليه استفاده مي شود و اسم رشته تخصصي آن فری استايل است.

    برای خريد اين اسکيت بايد دقت کرد و از خريد مارک
    هايي که تقلب اسم مارک های معروف هستند جدا” خودداری کرد اسکيتي را که خريداری مي کنيد:

    بايد فک محکم و مناسبي داشته باشد و با دست جمع نشود.

    دارای چرخ و بلبرينگ های مناسبي باشد.

    2. اسکيت اگرسیو Aggressive
    اسکیت اگرسیو یک رشته بسيار پرهيجان و پر تنوع
    است که حوزه فعاليت بسيار زيادي دارد و
    نسبت به رشته های ديگر اسکيت از تکنيک
    های بالاتری برخوردار است.
    اسکيت های اين رشته به صورتي طراحي شده که:

    چرخهای آن کوچکتر از بقيه اسکيت ها است.

    در فريم انها طراحي هايي به
    کار برده شده، که هم لبه هايي برای قرار گيری بر روی لبه های مختلف را داشته باشد و هم قسمتي که با آن بتمارک های معروف هستند جدا” خودداری کرد.

    اسکيتي را خريداری کنيد بسيار محکم
    ساخته شده و کاملا” پای اسکيت باز
    را محافظت مي کند.
    سيستم چرخها به دو صورت است که يک سری از اسکيت ها،دوچرخ در اسکيت و ما بين تمام فريم وجود دارد که
    روی فريم حرکت مي کنديا چهار چرخ مي خورد که
    بعضي از اسکيت بازان بنابه تمايل به جای دو چرخ وسط از آنتي راکها استفاده مي کند.
    آنتي راکها مانند چرخ هستند ولي
    با جسني کاملا” شيبه فريم که ايجاد سرخوردن
    را داشته باشد.
    3. اسکيت سرعت Inline Speed
    اين اسکيت مخصوص رشته سرعت و استقامت طراحي شده به دو نوع : 5 چرخ و 4 چرخ در
    بازار موجود است. البته اسکيت 5
    چرخ اين رشته ديگر قديمي شده و کمتر استفاده مي شود.
    دراسکيت هاي 5 چرخ اين رشته اندازه هر چرخ از 80 تا 84 ميلي متر بوده، ولي
    اسکيت های 4 چرخ اين رشته 100 تا 110 ميلي متر است .
    فريم اين اسکيت ها از آلياژ بسيار سبک، کربن است.
    و بوت اين اسکيت نيم ساق( مانند کفش
    کتاني) و از جنس کربن است. در کل ورزشکاران
    در اين رشته بايد از قدرت و توانايي خاصي برخوردار باشند ولي نسبت به ديگر رشته
    ها ازتکنيک کمتری برخوردار است و دارای تکنيک و تاکتيک های محدودي

    4. اسکيت هاکي
    اين اسکيت از جهاتي شيبه اسکيت فينس است با اين تفاوت که تمام چرم و تمام پارچه موجود مي باشد
    و دو لبه بالايي بوت راحتي پای
    بازيکن را همراه دارد. اين اسکيت ها به
    سيستم راکر مجهز است و مانور بسيار بالايي دارد.

    5. اسکيت رولر يا رينگ يا کواد
    اين اسکيت به کلي با تمامي اسکيت های گفته شده تفاوت دارد.
    زيرا به صورت 2 چرخ موازی جلو و 2 چرخ موازی عقب است سيستم فريم
    اين اسکيت نيز تفاوت دارد دارای رشته های نمايشي و سرعت مي

    6. اسکيت نمايشي Inline Fiyore
    اين اسکيت از نظر طراحي و استقامت منحصر به فرد است.دارای سه چرخ و يک تو(toe) مي
    باشد. اين اسکيت قابليت راکر
    شدن دارد و تو(toe) آن حرکات Stopper و Pick طراحي شده است.

    بوت اين اسکيت بايد بسيار محکم بوده و بهتر
    است تمام ساق باشد و پای بازيکن را محکم بگيرد.فک اين بوت بايد آنقدر مقاوم بوده که با دست جمع نشود از خريدن بوت های نامناسب و
    ضعيف جدا” خودداری کنيد. چون در حرکات نمايشي اولين ضربات در اين بوت ها به مچ پای بازيکن آسيب ميرساند.
    بوت اين اسکيت ها در دو نوع چرم و جير عرضه مي گردد که داخل انها از فمهای
    چوبي يا کربني استفاده شده است و بسيارسبک مي

    کلاس اسکیت در مشهد

    بهترین کلاس اسکیت مشهد کجاست؟
    در لیست زیر یکی از بهترین
    آکادمی های اسکیت مشهد را به شما معرفی می‌کنیم.
    آکادمی اسکیت آسا به صورت تخصصی به
    آموزش اسکیت کودکان می‌پردازد،
    اما برای بزرگسالان نیز دوره‌های آموزشی برگزار می‌کند.
    آموزش اسکیت در آکادمی اسکیت آسا محدودیت جنسیتی ندارد و دوره
    های آموزشی هم برای خانم‌ها و هم برای آقایان برگزار می‌شود.

    آکادمی اسکیت آسا
    مدیریت: آقای مهدی مرتاض
    توضیحات: آکادمی اسکیت آسا دارای
    دو شعبه در قاسم آباد و طلاب می‌باشد.
    در این باشگاه اسکیت، آموزش تضمینی
    اسکیت پایـه و تکمیلی زیر نظر مربیان رسمی فدراسیون
    ( خانم – آقا ) همراه با کادری مجرب
    انجام می‌شود. تمامی آموزش‌ها در آکادمی تخصصی اسکیت آسا مطابق با استانداردهای
    فدراسیون اسکیت صورت می‌گیرد و
    کارکنان اسکیت آسا بهترین تجربه یادگیری اسکیت را ارائه می‌دهند.

    مشاهده صفحه آموزشگاه

    خانه اسکیت خراسان رضوی
    مدیریت: آقای رشیدی
    توضیحات: خانه اسکیت خراسان رضوی که همان فدراسیون اسکیت
    خراسان رضوی است و با عنوان خانه اسکیت سجاد نیز شناخته می‌شود، در مجموعه ورزشی سجاد واقع
    در خیابان حامد قرار دارد. آموزش اسکیت از پایه
    تا پیشرفته، محیط مناسب و امن جهت تمرین اسکیت، آموزش
    تخصصی به کودکان و بزرگسالان تحت نظر
    مربیان برجسته و معتبر، آموزش مبتدی، نیمه حرفه ای و
    حرفه ای، و مشاوره خرید لوازم اسکیت از
    جمله خدماتی است که خانه اسکیت خراسان رضوی ارائه می‌دهد.

    مشاهده صفحه آموزشگاه

    آکادمی اسکیت بازان حرفه ای خراسان
    توضیحات: آکادمی اسکیت بازان
    حرفه ای خراسان در بلوار پیروزی مشهد واقع شده و عضو رسمی هیات اسکیت خراسان میباشد.
    در این مجموعه آموزش تخصصی اسکیت از مبتدی تا قهرمانی در رشته های مختلف اسکیت، زیر نظر مستقیم مربیان درجه
    1 فدراسیون اسکیت انجام می‌شود.
    آموزش از 3 سال به بالا برای پسران و دختران، آموزش بزرگسالان خانم و آقا و
    حتی برگزاری کلاس‌های خانوادگی (آموزش
    گروهی خانواده در کنار هم) ار جمله خدمات آکادمی اسکیت بازان حرفه ای خراسان است.
    فضای آموزشی کاملا روباز و شرایط مناسب از نظر پروتکل های بهداشتی، مشاوره و فروش انواع اسکیت از برندهای مطرح دنیا
    در آکادمی اسکیت بازان حرفه ای خراسان
    انجام می‌شود.
    مشاهده صفحه آموزشگاه

    ویژگی های آموزشگاه اسکیت خوب
    یک آموزشگاه اسکیت خوب در مشهد ویژگی‌های
    زیر را دارد:

    آموزش تضمینی اسکیت پایه و تکمیلی
    بهره‌گیری از کادر مجرب آموزشی
    آموزش اسکیت مطابق با تکنیک‌های روز دنیا

  18. avatar says:

    What i do not understood is in reality how you’re not actually
    much more neatly-preferred than you may be now. You are so intelligent.
    You already know thus considerably on the subject of this subject, produced me personally
    imagine it from numerous various angles. Its like women and men are
    not fascinated until it’s one thing to do with Woman gaga! Your
    own stuffs nice. All the time handle it up!

  19. avatar says:

    Pretty great post. I simply stumbled upon your blog and wanted to mention that I have truly enjoyed surfing around your blog posts.
    After all I’ll be subscribing to your feed and I’m hoping
    you write once more soon!

  20. avatar
    casino ae888 says:

    I love your blog.. very nice colors & theme. Did you
    design this website yourself or did you hire someone to do it for you?
    Plz respond as I’m looking to construct my own blog and would like to know
    where u got this from. thanks

  21. avatar
    news now says:

    Generallʏ I don’t learn article օn blogs, bսt I
    would like to saʏ thаt his write-ᥙр very compelled
    mе tοo check outt ɑnd ɗo it! Your writing style һas been amazed me.
    Thank you, quite great article.

  22. avatar says:

    Having read this I believed it was rather informative.
    I appreciate you taking the time and energy to put this informative article together.

    I once again find myself spending a significant amount of time
    both reading and leaving comments. But so what, it was still
    worth it!

  23. avatar
    dedicated server dst says:

    I’m truly enjoying the design and layout of your website.
    It’s a very easy on the eyes which makes it much more pleasant for me to come here and visit more often. Did
    you hire out a developer to create your theme? Exceptional work!

  24. avatar
    judi online boca777 says:

    It is the best time to make a few plans for the longer term and it is time to be happy.
    I’ve learn this put up and if I may I desire to recommend you some fascinating things or tips.
    Maybe you could write next articles relating to this article.
    I desire to learn more issues approximately it!

  25. avatar
    cell phone hackers online says:

    Having read this I thought it was very informative. I appreciate you taking the time and effort to put this article together. I once again find myself spending way to much time both reading and commenting. But so what, it was still worth it!

Leave a Reply

Your email address will not be published.