A popular quote reads "Giving money effectively is almost as hard as earning it in the first place."

Somehow this quote might be partly unrelated to the matter of discussion. However, there is a common ground for the conversation we are about to delve into which is the fact that money is not gotten by counting peanuts in a pack but by hard work and consistency, hence the need for safeguarding your money whether they are rectangular pieces of well-minted notes or digital assets. The highlight of this engagement, however, is to simply discuss the safety of cryptocurrency and maybe hit on how such a process is pivotal to wealth creation and accumulation. The process of safeguarding these assets is what we call DIGITAL ASSET SECURITY.

What then is Digital Asset Security?

In clear terms, digital asset security is simply the measure taken to ensure that digital assets which may include cryptocurrencies are not exposed to theft, loss, or even an untrusted person or group of people who may have unauthorized access to these assets. Over the past few years, crypto projects have emerged with all sorts of concepts and ideologies which have huge potential to change different facets of our experiences in the world of technology and other aspects of human existence. You cannot but wonder how intellectual ideas are born and envisioned in the hearts of people deeply rooted in the area of tech and blockchain. These projects, however, require a good deal of Fortune to see the actualization of these goals set by developers and their teams. While some of these projects have tasted success, others have hit rock bottom. Not necessarily because the concept or ideologies were bad, but because there was the ever-existing problem of crypto insecurity and mismanagement. Our emphasis is purely on the former.

In my years working as a crypto community moderator, I can tell that one of the prevailing problems that has constantly led to the failures of blockchain projects is simply the problem of fund hacking and theft. Fund theft or fund hacking is no new problem in the blockchain industry, many promising projects have crumbled due to this singular reason. As an owner of a crypto asset, there are a couple of ways you can avoid these upsets and one of them is via the adoption of Crypto Hardware wallets as a means of safeguarding your Crypto valuables. As basic as that sounds, it is one of the most secure ways of keeping your money safe and secure.

Crypto Hardware Wallets

A crypto hardware wallet is a device that enables the actual storage of private keys offline. These devices don't store the crypto assets themselves, but they store the generated keys which makes them more secure than any other form of storage. These private keys are secret alphanumeric codes used in cryptography to send encrypted messages and to perform transactions. They are also used to authorize cryptocurrency transactions by the owners of digital assets.

Why You Should Use Hardware Wallets

Simple! They are safe and highly reliable. These wallets store private keys offline which means it doesn't stand a risk of being exposed online. This makes it a hack-free process and enables accessibility to the authorisation of transactions at any place and time. Other advantages of crypto hardware wallet include:

1. They are not complex in nature. They are very easy to set up.
2. These wallets are very portable and can be carried about from one place to another.
3. High sense of security.

HOW TO SET UP A CRYPTO HARDWARE WALLET

1. HARDWARE PURCHASE: The first step is to purchase the hardware wallet from any reputable store or directly from a manufacturer. There is a list of options you can go for. Some include; keepkey, trezor, or even ledgerNano X.
2. SET UP: After purchasing and unboxing, connect the device to your personal computer with a good USB cable (this often comes with the package). Ensure that all software is downloaded as they will aid you in the setup process.
3. GENERATING SEED: After following the prompts, you'll be required to carefully store the 24-word seed in multiple places which will be used to back up your private keys. The essence of storing in multiple places is to increase your chances of seeing your seed in case it is forgotten or misplaced from a particular source.
4. PIN SET UP: To increase the security level, set up a passphrase that will enable you to gain unrestricted access to your wallet.
5. INSTALL SOFTWARE (WALLET): Install the wallet software for whatever asset you choose to store.
6. MAKE THE TRANSFER AND SECURE THE ASSET: You can make transfers of whatever cryptocurrency to the currency address generated by your hardware wallet. After this, secure the transaction and carefully disconnect the wallet from your computer.

Remember, always update your software to stay afloat with the changes made to improve the security advantages that would be made available on subsequent updates.