I moved my crypto from Coinbase Wallet to a USB-like hardware device to have more control over my money. Here’s how to do it.

I moved my crypto from Coinbase Wallet to a USB-like hardware device to have more control over my money. Here’s how to do it.

A few weeks ago, I bought crypto for the very first time My Rave Pigs NFT is still in my possession, as is $63 worth of ether, the second-largest cryptocurrency by and the native coin to the Ethereum blockchain. Those holdings were sitting in my Coinbase Wallet, a popular software self-custody wallet. Due to new rules recently set by the Securities and Exchange Commission, Coinbase disclosed in its first-quarter earnings report this week that in the unlikely case of bankruptcy, the held by users on its exchange. In effect, Coinbase users would no longer have access to their holdings and the company would take over balances on the exchange. Granted, this would potentially only impact Coinbase exchange and not Coinbase Wallet users, as they function separately. And while Coinbase CEO Brian Armstrong that their funds are secure and there's no present risk of bankruptcy, it got me thinking about how to best store digital coins. Are exchanges, digital wallets, or physical wallets more secure? I decided to buy a $59 hardware wallet and try it out myself. Here's what I found. I went to a local Best Buy and snagged the Ledger Nano S, as Ledger is one of the