Coinmetro’s visual makeover: new look, new website, same platform you trust

Since day one, we have been driven by a single vision - to make the world of finance accessible and transparent for people globally. Thousands of you have already joined us on this journey. Many more will come.

Today, we are taking a step closer to the place we strive to be. The feel we want to give. We are launching our revamped visual identity and a new website, to inspire even more people to follow our mission.

Once a technology understood and used by a select few, crypto is now going global. It is also becoming more human, and more diverse. This change has sparked the inspiration for our new visual style - more personal, less distant, and way more fun. 

Just like our new style mixes real humans with digital illustrations, Coinmetro is a place connecting people with complex technology. We blend the digital and real worlds, adding a personal touch, care, and a spark to everything we do. This is the true spirit of Coinmetro.

Whether you're taking your first steps in crypto or you’ve been in this space for a while, Coinmetro has you covered. Our new look presents this diversity, with a light mode used for showcasing our intuitive entry-level tools and a dark mode appealing to those who want to delve deeper and explore advanced features. 

You can spot circles and semicircles on our refreshed logotype and across other visuals. They symbolize connecting people with people, people with technology, and all of our products into one ecosystem. This is the sense of unity we feel at Coinmetro and want to translate it to everyone around us.

We might wear new clothes or change the way we sound, but the heart of what we do is always the same. Our coin-metro-polis is still here, evolving together with the industry. Wherever we go next, we will always remember our roots and our promise to build a better financial world, intuitive and accessible to everyone. 

Our new website is the centerpiece of our rebranding. It is also a crucial milestone for our business as it provides a comprehensive guide to every part of Coinmetro’s ecosystem. However, what you are seeing today is just the beginning. 

Here’s what you can expect in the upcoming weeks:

More website pages (careers page, press page, brand page, and more).

Spotted an old look? Be patient with us, we’ll get to it.

So that’s a brief overview of our brand makeover - an exciting step to accelerate Coinmetro’s growth. Let us know what you think of the refreshed branding and all-new coinmetro.com. Don’t forget to leave your thoughts on Twitter, Telegram, Instagram, or LinkedIn. We are always thankful for your feedback.

With the new PoS consensus model, Ethereum has further cemented their position as one of the essential blockchain networks in the world. Start staking ETH on Coinmetro today!

ETH Staking Has Arrived | Coinmetro

We are happy to introduce this much-anticipated passive income stream. You can now stake ETH at Coinmetro and benefit from 4.03% APR (Annual Percentage Return) for 1 year-long plan! After the Ethereum Shapella upgrade weeks ago, the blockchain giant has completed its transition to a Proof-of-Stake consensus model, offering more users the opportunity to stake ETH tokens and earn rewards. 

👉 As promised, we are here to connect you with this significant opportunity and give you a chance to put your money to work in a prime passive income plan. Buy and stake ETH on Coinmetro today and watch your tokens grow daily!

Unlock Passive Income with ETH Staking on Coinmetro 

Stake ETH at Coinmetro and unlock 4.03% APR for 1 year-long plans

Staking ETH on Coinmetro is a smooth journey:

Buy ETH with just a few clicks or deposit and/or transfer the ETH you #hodl to your Coinmetro wallet

That’s it! Now you can relax, watching your ETH grow daily with this lucrative passive income stream. Remember – the longer the staking period you select, the bigger the returns!

Due to the current on-chain staking protocol load, please note:

🕑 Activation of your staking and rewards distribution will start 7 days after your enrollment into the plan.

🕑 The unstacking period for ETH is 7 days, therefore funds will become available in your account afterward.

With the new PoS consensus model, Ethereum has further cemented their position as one of the essential blockchain networks in the world. The transition aims to improve its performance, security, and efficiency, giving more users the opportunity to stake their ETH tokens and become validators in the network. For this, your hard earned ETH will get you back more, setting you up on a growing income stream that will add weight to your portfolio.

 ✅ Stake ETH at Coinmetro for 4.03% APR

Disclaimer: The APR rates mentioned for staking ETH at Coinmetro are subject to change based on the protocol gross APR evolution.

 As always, we are continuously researching crypto products and earning mechanisms that can add value and help you grow your portfolio daily. Stay close to the Coinmetro community on Discord and Telegram to chat with other forward-thinking investors who are staking ETH at Coinmetro. 

Should you need any help, feel free to reach out to our world-class Customer Support Team via 24/7 live chat or email at hello@coinmetro.com. 

To become a Coinmetro user today,  Sign-Up now, or head to our new Exchange if you are already registered and experience our premium trading platform.

Major APR Increase for FLUX Staking

More good news is on the way! Starting from May 1, 2023, you can enjoy increased APR for staking FLUX at Coinmetro. At the moment, Flux is one of the largest and fastest growing decentralized Web3 cloud infrastructures composed of user-operated, scalable and globally distributed computational nodes. FLUX was introduced to the Coinmetro ecosystem 2 years ago and is now entering a new staking cycle. Are you ready to take advantage?

Available from May 1, 2023, the new, increased APR for staking FLUX at Coinmetro will be:

 🔝 This represents a substantial increase from the previous APR rates, making FLUX staking more attractive to beginners and pros who are looking for ways to earn passive income in a straightforward way. 

Buy FLUX now on Coinmetro with just a few clicks and get ready to put your crypto to work!

There will be no further distribution of parallel mining rewards, these being included in the total APR mentioned above. 

Parallel airdrops will be distributed as usual.

Previous parallel mining rewards distribution will be handled within the 1st week of May.

Previous parallel airdrops will be distributed no later than May 21. 

 Disclaimer: The APR rates mentioned for staking FLUX at Coinmetro are subject to change based on the protocol gross APR evolution.

Today, Flux is a major catalyst in Web 3.0 development, providing a gateway for users to leverage the power of multiple blockchains. To support this new model, Flux has implemented a parallel asset mechanism that allows assets to live on different blockchains, utilizing the unique features of each blockchain without being dependent on any single one. This approach enables users to capitalize on the benefits of different chains while avoiding their limitations.

 With any investment plan you have, Coinmetro is here to connect you to opportunities and offer you the ground-breaking tools to make it happen. Buy FLUX on Coinmetro and get ready to watch your earnings grow daily.

 Stay close to the Coinmetro community on Discord and Telegram to chat, learn and have fun. Should you need any help, feel free to reach out to our world-class Customer Support Team via 24/7 live chat or email at hello@coinmetro.com. 

To become a Coinmetro user today, Sign-Up now, or head to our new Exchange if you are already registered and experience our premium trading platform.

Join the exciting world of cryptocurrency trading with NXRA on Coinmetro Exchange. Explore a wide range of trading options and seize profitable opportunities. Start your journey today!

NXRA Trading on Coinmetro Exchange

The wait is over! AllianceBlock’s new native token NXRA (Nexera) is now trading on Coinmetro exchange. Grab USD/EUR Pairs and discover the project if you haven’t already.

 ↔ As previously announced, AllianceBlock’s new native token NXRA is now replacing the legacy asset ALBT at a 1:1 swap ratio. All ALBT on Coinmetro wallets will be automatically swapped to the exact same amount of NXRA. For this, there is no action required from ALBT holders.

📊 Trade NXRA/USD & NXRA/EUR on Coinmetro Exchange ✅ 

⚠️ We want to caution users that there may be potential slippage at the start of trading, but our team is working to minimize any disruptions. 

💡 In crypto, slippage refers to the difference between the expected price of a trade and the actual executed price. This can occur due to a variety of factors, such as market volatility, liquidity, and trading volume. Slippage can have a significant impact on the profitability of a trade, especially for large orders.

🛡️ At Coinmetro, we are offering optimum tools that safeguard your trading. Last year we introduced the Price Slippage Warning feature. The Slippage Warning is there to show you in real-time if any of your orders could lose more than 3% due to slippage. This is an important component of your trading arsenal as it will warn you immediately before confirming orders. Use this to your advantage so you can be aware, act fast and stay on top of the markets.

Read more about New Price Slippage Warning Feature

 ⇨ Trade NXRA/USD & NXRA/EUR on Coinmetro Exchange ✅ 

 ⏩ Join other forward-thinking people to discuss the ALBT/NXRA swap on our Discord and Telegram community channels – a place to learn, chat and have fun every day. 

To become a Coinmetro user today,  Sign-Up now, or head to our new Exchange if you are already registered and experience our premium trading platform. Should you need any help, feel free to reach out to our world-class Customer Support Team via 24/7 live chat or email at hello@coinmetro.com.

Introducing Cosmos (ATOM) | Coinmetro

Cosmos (ATOM) – a project that speaks volumes to all crypto enthusiasts – is rounding out this week’s listings at Coinmetro. Cosmos is a rapidly expanding ecosystem of interconnected blockchain applications and services, aiming to build a decentralized future. It is community-owned and operated, providing users with the ability to enter a new universe of connected services. 

🌍 For good reason, the project carries the name “The Internet of Blockchains”. Instead of giving preference to its own network, the organization cultivates a network ecosystem in which data and tokens can be exchanged programmatically among various networks, without the involvement of any central entity to facilitate the activity.

The Future of Interconnected Blockchain Ecosystems

The Cosmos Network consists of three layers: the application layer, the networking layer, and the consensus layer. It uses a set of open-source tools to connect the various layers together and enable developers to easily deploy dApps. Its central hub, appropriately called the Cosmos Hub, serves as the economic engine of the entire network. The hub is responsible for providing essential services to users and connecting various chains through IBC (Inter-Blockchain Communication) connections. To make this happen, the hub operates decentralized bridges with other popular chains, like Ethereum and Bitcoin, allowing for seamless communication and interoperability between different blockchains. 

This innovative approach is what sets Cosmos apart and makes it a powerful player in the world of cryptocurrency, enabling users to freely exchange assets and data across decentralized blockchains, thus creating a new era of blockchain ecosystems.

The Cosmos Hub and its rapidly expanding orbit of sovereign chains is powered by the Cosmos SDK blockchain. With the SDK, developers can dream up and build exciting new applications that add value to the network by interacting with the Cosmos Hub. This opens up a world of possibilities for innovation and experimentation, giving developers the freedom to design unique features and functionalities that can seamlessly connect with other chains in the Cosmos ecosystem.

Ultimately, Cosmos is unique because it provides a remedy for the slow, expensive, unscalable, and unsustainable proof-of-work protocols. It seeks to make blockchain technology less complex and difficult for developers by providing a modular framework that demystifies decentralized apps.

All this has made Cosmos one of the most trusted ways to build value, making it a serious contender to Ethereum.

📈 New Trading Pairs: ATOM/USD & ATOM/EUR 📈

Holding ATOM has many benefits for users of the Cosmos Network. First and foremost, ATOM is the native token of the Cosmos Hub, which is the central hub of the Cosmos Network. 

Holding ATOM allows users to participate in governing the network by voting on proposals and staking their tokens to secure the chain. In return for staking their tokens, users receive rewards in the form of transaction fees and newly minted ATOM. 

Additionally, holding ATOM allows users to participate in the many interconnected blockchains making up the Cosmos ecosystem. This means that users can easily transfer value and data across different blockchains without having to rely on centralized exchanges or intermediaries. Moreover, users can earn additional staking rewards from other chains secured by ATOM.

If you’re a developer, Cosmos is a perfect environment to be in. Join the fast-growing token economy and build upon a secure and stable foundation. You can create decentralized finance applications, resilient, autonomous organizations, or game economies that are owned by players. Cosmos is committed to supporting developers and has provided several resources like the Cosmos Academy, Developer Portal, and Fundraising options.

📊 Grab ATOM, CRV and APE and join the innovators that are building the new era of the internet.

At Coinmetro, you can add weight and resilience to your portfolio with meaningful assets and projects that are carefully chosen in close dialogue with our community. 

🗣️ Are you a part of it? Join our Discord and Telegram channels – a place to learn, chat and have fun every day. To become a Coinmetro user today,  Sign-Up now, or head to our new Exchange if you are already registered and experience our premium trading platform. 

Should you need any help, feel free to reach out to our world-class Customer Support Team via 24/7 live chat or email at hello@coinmetro.com.

Dive into the world of crypto with our beginner-friendly guide. We dissect the complexities of crypto trading, making it easy and accessible for anyone to start.

What is The Best Way to Start Crypto Trading | Coinmetro

The road to becoming an accomplished crypto investor and trader is challenging and demanding. At Coinmetro, we have made a commitment to support our users in their new financial journey by not only giving them the tools and products, but also offering the knowledge and education they need to become better. But no matter how much you read and learn, at some point you will need to get some skin in the game. Trading and investing is best learned by doing. Therefore, the best potential way to start can be to try the Coinmetro Demo Platform. Learn to trade risk-free and build your confidence for the real markets.

 📈Try the Coinmetro Demo Platform 📉

When you first start trading, even though you might have knowledge and awareness about financial markets, you will notice rather soon that theory and practice are not always the same. This is partly because live trading involves making critical decisions in a time-sensitive manner. Emotions, stress and uncertainty all factor in, making trading an intricate discipline. 

When you demo trade, you get a chance to feel what live trading is really like, without risking your money at a point when you are still learning. Here’s why using the Coinmetro Demo Platform can make you a better trader:

You get a chance to understand how markets and prices move in real time. 

You can perfect your trading strategies and find out what works and what doesn’t.

It allows you to get familiar with our platform so you can act with confidence and take advantage of all features.

It builds your mental discipline and strength needed to tackle the markets.

But a demo account is not just for beginners. You might be an experienced trader who wants to test a new market or a new strategy. Or perhaps you want to start trading on Margin. The best way to do so is in a demo session that will allow you to fine-tune your approach without risking your funds.

We’ve made it easy for you to start trading on our demo platform. Just head to the Coinmetro Demo section and you are good to go! You don’t need to sign-up for an account or pass any KYC (Know Your Customer) process. With our demo experience, you instantly get access to several essential Coinmetro products:

We encourage you to start demo trading and get familiar with our new platform. Get a feel of how markets and prices move in real time. Place your first trades and perfect your strategy to see what works best. Build your confidence and experience to soon start benefiting from the potential of real trading and investing. 

Analyzing your past record is also an important part of successful trading. Make it a habit to look back at your activity and understand what you did right, what you could have done better, or perhaps what you should avoid altogether in the future. 

With recent events in the global economy, it becomes increasingly clear: the mission for a better financial journey is each and every one’s own responsibility. More than ever, we must all learn the means and tools designed to shape a better economic future. Fortunately, the technology is here to free us all from irresponsible monetary policies, political turmoil and rampant inflation. 

How are you building your financial wellbeing? Do you have a strategy for the current bear market? At Coinmetro, learning is a never-ending process. Discover our Demo Platform and learn how trading crypto can potentially become profitable for you. Make sure you keep an eye on our Learning Lab as well – to get knowledgeable and learn more about investing and trading crypto.

❓Did you know that we recently implemented a major update to the Coinmetro Margin Platform? The change comes with a redefined user experience and more innovation in the Spot Exchange and Mobile App. All updates have been designed and implemented with the purpose of giving you a performant, safe and user-friendly experience, while helping you learn and develop your trading skills. 

In light of the recent updates, Oliver Goble (Coinmetro Head of Product) did a live demo of our Margin Trading platform. Watch the session HERE to learn more about our new Margin Exchange and understand what the new update can bring to you as a user.

Let us know what you think about our Demo platform via Discord and Telegram. To become a user today,  Sign-Up now, or head to our new Exchange if you are already registered and experience our premium trading platform. Should you need any help, feel free to reach out to our world-class Customer Support Team via 24/7 live chat or email at hello@coinmetro.com.

Are You Becoming a Better Trader with Each Day?

What is The Best Way to Start Crypto Trading?

Discover the differences between coins and tokens and their functionality on the blockchain on Coinmetro's platform

Coins vs Tokens: Understanding the Differences

What is the difference between coins and tokens in crypto? No matter how frequently these terms are used – and often misused – one thing is certain: the two fundamental words are not synonyms.

A cryptocurrency that possesses its own native blockchain network is referred to as a coin. For instance, the most widely known and used coin, Bitcoin (BTC), is wholly supported by its own blockchain network.

Similar to traditional currencies, crypto coins are primarily intended to serve as a form of value storage and a medium of exchange.

Although the underlying technologies of cryptocurrencies are typically created from scratch, the existing source codes are also used to coin new digital currencies. Litecoin (LTC) being based on the open source protocol of Bitcoin is a good example.

The main difference between tokens and coins is that a token runs on another blockchain. The most popular and used types of tokens, ERC-20 and ERC-677, operate on the Ethereum blockchain.  The mother of all token standards, ERC-20 is used to create and issue smart contracts, whereas ERC-677 is an extension of ERC-20, offering useful functionality without conflicting with the primary standard. Moreover, ERC-20 is used by smart contracts for accounting. 

Did you know that LINK (Chainlink) is the most popular ERC-677 token? Chainlink can connect a variety of data types with different blockchains, opening up a wide range of potential applications for this decentralized oracle.

For anyone new to Coinmetro, XCM is the native utility token of the Coinmetro platform. It fuels our entire ecosystem and acts as an access point to ever-growing rewards and perks for  holders.

It is interesting to know that in addition to serving as a digital representation of non-fiat assets traded on-chain, such as NFTs, tokens can also be used to exchange money. Exchange tokens function just like any other cryptocurrency token. You can trade them on secondary markets or hold them for speculative purposes.

Last but not least, tokens can be used to digitally trade real-world assets, such as stock, gold, or real estate, etc.

Here are the important points to be noted when comparing crypto coins and tokens:

Tokens are much easier to create. Rather than writing a new code, you can utilize the one available on an open-source blockchain platform. In other words, anyone can create their own token – even if just for fun!

As compared to coins, tokens have a different structure. Tokens are created on existing blockchains like the Ethereum blockchain, as opposed to coins, which have their own unique blockchains.

Coins are a form of digital currency that can be used to buy or sell goods and services, whereas tokens can serve as company shares.

Finally, tokens may provide various use-cases within the networks, depending on the project.  For instance, as a form of payment within specific blockchain platforms, whereas coins operate independently.

Unlike tokens, coins are created on independent blockchain networks.

Unlike coins, tokens can be used to digitally represent practically any asset in the world.

If you found this article helpful and want to learn more about crypto, dive into our Learning Lab and become more knowledgeable from multiple angles. We encourage you to also join our Discord and Telegram channels to chat with like-minded people and discover something new every day.
Ultimately, theory is important, but practice makes perfect. Whenever you feel ready, Sign Up for a Coinmetro account to put your knowledge to work! If you are a registered user, feel free to Log In to your account now.

Explore the concept of staking crypto and its potential benefits on Coinmetro's platform

Staking Crypto: Everything You Need to Know

Did you know? Over the past century, traditional banking savings account returns have become progressively smaller. Today, the interest rate you are getting from your deposit is paper-thin at most. Truth being told, banks have made it harder and harder for everyone to develop an investment and benefit from the system. 

Here are some numbers that are hard to digest: four decades ago, annual returns on savings accounts were over 11%. Today, most banks offer interest rates as low as 1-2%. Factor in the record-high inflation and the truth becomes even grimmer: you can actually lose money on your savings because of the depreciating fiat currency. 

 How are you going to protect and advance your investment so that century-old monetary practices don’t eat up your hard-earned money?

 Isn’t it strange how everything around us seems to evolve except financial products? We have better technology and tools at our disposal yet it seems harder and harder to achieve financial competence and freedom. This is because traditional banking no longer understands people, failing to deliver any real value back to their customers.

Just like transportation, communications and other verticals have been and continue to be disrupted by better products, the way people earn money is now also getting better.

So what is staking? Simply put, staking crypto is a new and innovative way for anyone to earn money. More precisely, it is a process that involves committing your crypto assets to support a blockchain network and confirm transactions. By doing this, you can earn passive income on an ongoing basis. 

As stated above, when you stake crypto, your assets don’t just sit there doing nothing. Actually, they perform an essential function in the blockchain economy by validating transactions. In PoS (Proof-of-Stake) blockchain networks, crypto assets are needed to be staked and used as validators for all transactions in the chain. This way, your assets contribute to the security and efficiency of the network. It’s worth mentioning that the PoS technology is more efficient and eco-friendly than the energy-intensive PoW (Proof-of-Work).

In other words, crypto staking now offers everybody the chance to become an investor and earn value from their money in a simple way. 

Why become an investor in the first place? You might have a comfortable monthly income that covers all your needs and more. Why risk money investing? Simply said, inflation is reducing the value of your money over time. Against inflation, the rich and the poor all get the same treatment. 

Saving money is not enough. Because inflation rises faster and higher than the rate at which most people can save money. So we need to make money work for us and advance our investment. 

An important thing is that with crypto staking, anybody can become an investor. Regardless of your profile and financial background, you can start staking crypto with as little as $10. 

Have you ever wondered what banks do with your money when you deposit it in a savings account? They invest that money to earn their own profits, giving back a very small percentage. Some of the biggest banks are already investing in the crypto and the blockchain space.

So why not become an investor yourself and cut out the middlemen, the stiff bureaucracy and the unreasonable low returns you would normally get from banks?

Staking crypto is simple and it takes little to no time to get involved. First, you have to choose a token and project that you understand, believe in, and think will do good in the future. Get familiar with the return interest rates. When you are ready to start your journey, you have several options:

Certain exchanges may offer several advantages to your staking plan, like increased returns or added assets to your portfolio.

By using a staking-as-a-service platform, you benefit from a third-party service that takes care of all the technical aspects.

By staking your assets on an offline hardware wallet, you eliminate the risk of any potential hack.

 Staking via Decentralized Money Market Protocol

With the rise of DeFi, decentralized money market protocols now enable users to borrow and lend their on-chain crypto with just an internet connection. 

When you stake crypto assets, it’s important to know that the price of those tokens and coins is changing over time. This has an impact on your returns. More precisely, if the assets you stake now have a higher price than when you started, your rewards will be higher than initially calculated. The opposite is also valid: if the price goes down, your return diminishes, but most crypto assets have continued to rise in the long run.

Read more about how to stake crypto in this article.

At Coinmetro, we are continually listening to our community to understand what kind of financial solutions people need. In time, we have perfected our MARs (Multi-Asset Rewards) program so that today it is one of the most lucrative passive income plans in the industry.

With MARs, you can stake our native token XCM and earn back rewards in multiple other assets as well. Currently, FLUX and THT are included in the system, but more staking options are around the corner. Join MARs today to start earning and diversifying your portfolio with a people-centric passive income plan.

Another valuable tool that can give you a positive edge in the markets is the DCA (Dollar-Cost Averaging) investment method. We will soon implement the DCA method at Coinmetro, giving you access to a more structured investment plan. 

With the DCA method, you can invest predefined amounts at predetermined time intervals. Why is this important? By doing this, you can potentially better mitigate market volatility and easily scale your portfolio over time. It is also a more disciplined approach. By sticking with the plan, you can take emotion and stress out of the equation, which can otherwise make it hard to make decisions. 

We are always innovating and thinking ahead, in order to meet our community’s needs and to provide more value to you. As we build our Learning Lab, our desire is to provide meaningful insights and learning opportunities that you can easily integrate into your trading and investing. 

Spread the good news about all the developments we’re regularly pushing forward at Coinmetro! Join our platform and invite your friends along, so you can all benefit from a people-centric crypto ecosystem. Hang around on our Discord and Telegram channels and head to the Coinmetro exchange now if you are already a user, to experience a premium trading platform.

Get a comprehensive understanding of cryptocurrency wallets and their functionality on Coinmetro

Crypto Wallets: What Are They and How Do They Work?

A crypto wallet lets you store, send and receive cryptocurrencies. Just like a real wallet stores your cash and cards, crypto wallets store your ‘passkeys’ which grant you access to your digital assets.

Cryptocurrency wallets make the blockchain accessible to everyone. The user-friendly experience of crypto wallets allow anybody, anywhere to manage digital assets with ease.

The first crypto wallet belonged to Satoshi Nakamoto, the anonymous Japanese man (or group of people) who invented Bitcoin and set the stage for all cryptocurrencies. The second oldest wallet belongs to Hal Finney, an American cryptographer who corresponded with Satoshi about Bitcoin and reportedly was the first person to become an early user of Bitcoin.

Wallets contain two keys; a public key and a private key. You can use your public key to transact, or send funds from one address to another. If you send coins from one address to another, you are signing your transaction with the private key for both addresses. Think of a cryptocurrency wallet as a bank account for your digital assets. These wallets use an internet connection to access the blockchain network for the cryptocurrency you’re using.

It’s important to understand how wallets work. If you think about it, cryptocurrencies are just bits of data stored in a database. These bits are scattered all over the database and your Wallet finds all of the bits associated with your public address and sums up the amount for you in the app’s interface.

Wallet type is a very important thing to consider before you start using cryptocurrency. There are two main types of wallets, custodial and noncustodial. A custodial wallet is hosted by a third party that stores your keys for you. This third party could be an enterprise like a data storage company, your bank, or a cryptocurrency exchange. A noncustodial wallet is a wallet in which you take responsibility for securing your keys.

Furthermore, there are two subcategories of crypto wallets: hot and cold. Hot wallets have access to the internet, or to a device that is connected, while cold wallets don’t. A cold wallet that is completely offline will be, generally speaking, safer than a hot wallet with internet access.

These two categories can further be divided into three subcategories: software, hardware, and paper.

Software wallets are installed on a desktop, laptop computer or mobile device and can access your cryptocurrency, make transactions, display your balance, and much more.


Hardware wallets are the most common type of wallet because they make it easy to protect your private keys and remove them from your device. These gadgets look like a USB drive, and modern hardware wallets have several features, such as Bluetooth compatibility, two-factor authentication and password protection.


Paper wallets are the oldest and simplest form of cold storage. With a paper wallet, you print or type the private and public keys on paper which you keep in a safe place. It’s important to ensure that your funds don’t get lost or destroyed. This is not the most convenient way to store crypto, but it could be safer than leaving them on your computer or mobile device.

Keeping your crypto safe is of utmost importance and you should not take this lightly. The most vulnerable point could be your digital wallet or exchange provider. These days, cybercriminals use advanced techniques to steal coins and tokens. Sadly, there are automated bots that can drain crypto accounts instantly as well as several other malign practices. Let’s find out how you can avoid all that and keep your hard-earned crypto safe.

Use a cold wallet – By far, one of the best methods to keep your crypto away from cybercrime is by using a cold wallet. Having your assets safely stored on a hardware wallet that is not connected to the internet or other device will make it impossible for hackers to gain access. Be careful though where you keep your cold wallet – in this case, losing the hardware will mean saying goodbye to everything that is stored in your wallet.

Avoid scams – These days, scams come in all shapes and sizes. Be careful not to click on any suspicious ads, emails, or social media messages that might lead to a hack. Moreover, pay attention not to give your credentials away on fake cloned websites or fake apps!

Use a secure device and internet connection – While trading or accessing your digital wallet, doing so via a public Wi-Fi network is risky. It is recommended to use an up-to-date device as well as a secure internet connection. You can increase your security and privacy by using VPN software that changes your IP address and location.

Use multiple wallets – Another preventive measure is to store your crypto on multiple wallets. Perhaps a mix of hot and cold wallets would increase the security of your entire portfolio. In case something happens with one of the wallets, you will not lose everything in the process.


The crypto space has no shortage of scams and fraudulent behavior. The FTC reported an annual increase of 312% in fraud and scams related to crypto in the past few years. If you invest in crypto, it is your responsibility to protect your portfolio and avoid hacks. In case of a cybercrime attack, sadly no one will be able to intervene or reimburse you.

At the beginning of this summer, Coinmetro partnered with Fireblocks, the #1 Institutional Custody Platform and also the one with the most integrations into Crypto/DeFi. Thousands of crypto, Web3 and digital asset businesses use Fireblocks software and APIs for custody, to manage treasury operations, access DeFi, mint & burn tokens, and manage digital asset operations.

The partnership actually kick-started our summer-long 15 Weeks of Summer campaign – a program designed to bring more value to Coinmetro exchange and into your portfolio.

Hang around on our Discord and Telegram channels to chat, have fun and learn something new every day. Sign-up today, or head to our new exchange if you are already a user and be a part of one of the fastest-growing crypto institutions.

Discover the latest insights and trends in the world of cryptocurrency on Coinmetro's Content Hub.

Coinmetro’s visual makeover: new look, new website, same platform you trust

Since day one, we have been driven by a single vision - to make the world of finance accessible and transparent for people globally. Thousands of you…

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Coinmetro’s visual makeover: new look, new website, same platform you trust

ETH Staking Has Arrived

What is The Best Way to Start Crypto Trading?

Major APR Increase for FLUX Staking

NXRA Trading on Coinmetro Exchange

Introducing Cosmos (ATOM)

Company News

Coinmetro’s visual makeover: new look, new website, same platform you trust

ETH Staking Has Arrived

Major APR Increase for FLUX Staking

NXRA Trading on Coinmetro Exchange

Introducing Cosmos (ATOM)

Learning Lab

What is The Best Way to Start Crypto Trading?

The Difference Between Coins & Tokens

Staking Crypto

What Is a Crypto Wallet?