Your cryptocurrency is protected by keys. Think of keys as being like a password. Just as you should not write down passwords on a piece of paper, you should also not write down your keys. You should also not store your keys in a file on your computer, just in case your computer gets hacked or has malware installed on it.
So, where should you store your keys? The answer is in a hardware wallet.
A crypto hardware wallet is a small device that you plug into your computer to store your the keys to your cryptocurrency such as Ravencoin. (You do not actually store the cryptocurrency in your wallet)
Hardware wallets give you an extra layer of security protection from malware, hackers and phishing websites.
Hardware wallets also allow you to perform Wallet to Wallet trading.
Hardware wallets allow you to sign your transaction. This makes it impossible for someone to fake your signature without the wallet.
You should also protect your wallet with a PIN and a passphrase, just incase you physically lose it.
Here is a list of hardware wallets that you can use with Ravencoin.
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party, and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high-risk, with high-risk and unproven projects.
Readers should do their own research and consult a professional financial advisor before making any investment decisions.