{"id":21166,"date":"2023-11-29T16:10:56","date_gmt":"2023-11-29T03:10:56","guid":{"rendered":"https:\/\/cryptocurrency.org.nz\/?p=21166"},"modified":"2024-02-02T16:18:13","modified_gmt":"2024-02-02T03:18:13","slug":"how-to-choose-the-right-crypto-wallet","status":"publish","type":"post","link":"https:\/\/cryptocurrency.org.nz\/wallets\/how-to-choose-the-right-crypto-wallet\/","title":{"rendered":"How to Choose the Right Cryptocurrency Wallet for You &#8211; NZ Crypto Guide (2024)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"21166\" class=\"elementor elementor-21166\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-40206ef e-flex e-con-boxed e-con e-parent\" data-id=\"40206ef\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5089cb8 elementor-widget elementor-widget-text-editor\" data-id=\"5089cb8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"text-align: center;\"><span style=\"color: #000000;\"><b>Related Guides:<\/b><\/span><\/p><p style=\"text-align: center;\"><a href=\"https:\/\/cryptocurrency.org.nz\/buy-cryptocurrency-nz\/\"><b>How to Buy Cryptocurrency in NZ \u2013 Step-by-Step Guide (2024)<\/b><\/a><\/p><p style=\"text-align: center;\"><a href=\"https:\/\/cryptocurrency.org.nz\/wallets\/exodus-wallet-nz\/\"><b>Exodus Wallet NZ \u2013 New Zealand\u2019s Ultimate Guide (2024)<\/b><\/a><\/p><p style=\"text-align: center;\"><b><\/b><a href=\"https:\/\/cryptocurrency.org.nz\/wallets\/hardware-wallets-nz\/\"><b>Hardware Wallets NZ \u2013 New Zealand\u2019s Ultimate Guide (2024)<\/b><\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f3be5d8 elementor-widget elementor-widget-text-editor\" data-id=\"f3be5d8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If you&#8217;re at the beginning of your crypto journey, you&#8217;ve probably figured out by now that in order to own\u00a0<a href=\"https:\/\/cryptocurrency.org.nz\/get-started\/what-is-bitcoin-nz\/\" target=\"_blank\" rel=\"noopener\">Bitcoin (BTC)<\/a>\u00a0and\u00a0<a href=\"https:\/\/cryptocurrency.org.nz\/what-is-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\">crypto\u00a0<\/a>&#8211; you need a secure place to store your assets in.<\/p><p>This is the role of your\u00a0<a href=\"https:\/\/cryptocurrency.org.nz\/wallets\/\" target=\"_blank\" rel=\"noopener\">crypto wallet<\/a>. With dozens of good options ranging from <a href=\"https:\/\/cryptocurrency.org.nz\/wallets\/trezor-hardware-wallet-nz\/\">Trezor<\/a> to <a href=\"https:\/\/cryptocurrency.org.nz\/wallets\/ledger-hardware-wallet-nz\/\">Ledger<\/a>, <a href=\"https:\/\/cryptocurrency.org.nz\/wallets\/metamask-wallet-nz\/\">MetaMask<\/a> to <a href=\"https:\/\/cryptocurrency.org.nz\/wallets\/exodus-wallet-nz\/\">Exodus<\/a>,\u00a0<span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); text-align: var(--text-align); background-color: var(--nv-site-bg); letter-spacing: 0px;\">what wallet in particular is best suited to your crypto needs?<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56549fe elementor-widget elementor-widget-image\" data-id=\"56549fe\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"317\" height=\"302\" src=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/10\/Bitcoin_walelt-removebg-preview-e1613610933690.png\" class=\"attachment-large size-large wp-image-2166\" alt=\"Bitcoin Wallets\" srcset=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/10\/Bitcoin_walelt-removebg-preview-e1613610933690.png 317w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/10\/Bitcoin_walelt-removebg-preview-e1613610933690-300x286.png 300w\" sizes=\"(max-width: 317px) 100vw, 317px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-03b379a elementor-widget elementor-widget-heading\" data-id=\"03b379a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is a Crypto Wallet?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-28165b7 elementor-widget elementor-widget-text-editor\" data-id=\"28165b7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"color: #000000;\">A\u00a0<\/span><a href=\"https:\/\/cryptocurrency.org.nz\/wallets\/\" target=\"_blank\" rel=\"noopener\">cryptocurrency wallet<\/a><span style=\"color: #000000;\">\u00a0is a digital tool that allows you to store your Bitcoin, Ethereum, and other cryptocurrencies &#8211; acting somewhat like a personal encrypted bank account.\u00a0<\/span><\/p><p>You use your wallet to receive payments in and send transactions out, acting as your heart of operations for interacting with the crypto world. Wallets are the most critical tool you will ever use in crypto &#8211; so taking care and forethought during the wallet selection process is imperative. For more info on how crypto wallets work, visit\u00a0<a href=\"https:\/\/cryptocurrency.org.nz\/wallets\/\" target=\"_blank\" rel=\"noopener\">our main crypto wallet guide<\/a>.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7a8a0e6 elementor-widget elementor-widget-heading\" data-id=\"7a8a0e6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How to Know Which Wallet is Best For you?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dac41f1 elementor-widget elementor-widget-text-editor\" data-id=\"dac41f1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>As there are 7 main kinds of crypto wallet (<span style=\"color: #808080;\">mobile wallets, desktop wallets, hardware wallets, exchange wallets, web wallets, browser extension wallets and paper wallets<\/span>), knowing which one is right for you can be identified by understanding your crypto goals.\u00a0<\/p><p>For example, ask yourself the following questions:<\/p><ul><li>Do I plan to hold crypto short term or long term? <span style=\"color: #808080;\"><em>Days, weeks, months, years, decades?<\/em><\/span><\/li><li>How much crypto do I want to own? <em><span style=\"color: #808080;\">What will be the initial NZD balance of my wallet?\u00a0<\/span><\/em><\/li><li>As an individual, do I have technical skills? <em><span style=\"color: #808080;\">Or should I go for the easiest solution<\/span><span style=\"color: #808080;\">? <br \/><br \/><\/span><\/em><\/li><\/ul><p>With this all considered, (and if you&#8217;re like most New Zealanders) &#8211; you probably want the most secure option, that&#8217;s simple to use, best suited to holding crypto over the long term.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c15546 elementor-widget elementor-widget-image\" data-id=\"1c15546\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"678\" height=\"480\" src=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/06\/Trezor-and-Ledger-Hardware-Wallets-NZ.png\" class=\"attachment-large size-large wp-image-16001\" alt=\"\" srcset=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/06\/Trezor-and-Ledger-Hardware-Wallets-NZ.png 678w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/06\/Trezor-and-Ledger-Hardware-Wallets-NZ-300x212.png 300w\" sizes=\"(max-width: 678px) 100vw, 678px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f425ea4 elementor-widget elementor-widget-heading\" data-id=\"f425ea4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Bite the Bullet and Get a Hardware Wallet<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-671eef7 elementor-widget elementor-widget-text-editor\" data-id=\"671eef7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Although they cost between $150 &#8211; $300 NZD, hardware wallets are simply the most ideal wallet for NZ crypto investors. Here at\u00a0<a href=\"https:\/\/cryptocurrency.org.nz\/\" target=\"_blank\" rel=\"noopener\">Cryptocurrency NZ<\/a>, we strongly believe you should cut right to chase and acquire the most secure wallet off that bat, like the\u00a0<a href=\"https:\/\/cryptocurrency.org.nz\/wallets\/trezor-hardware-wallet-nz\/\" target=\"_blank\" rel=\"noopener\">Trezor<\/a>\u00a0or\u00a0<a href=\"https:\/\/cryptocurrency.org.nz\/wallets\/ledger-hardware-wallet-nz\/\" target=\"_blank\" rel=\"noopener\">Ledger<\/a>.<\/p><p>There&#8217;s a decent chance you&#8217;re going to be holding crypto for the long haul, so investing a couple hundred bucks to bulletproof your holdings is an idea you can&#8217;t go too wrong with.<\/p><p>Hardware wallets, as explained in\u00a0<a href=\"https:\/\/cryptocurrency.org.nz\/wallets\/hardware-wallets-nz\/\" target=\"_blank\" rel=\"noopener\">our dedicated guide<\/a>, are physical cryptocurrency wallets that hold your private keys in an offline fashion, meaning they are immune to remote hacks or other attempts to empty you of your hard earned money. A hardware wallet is like an interactive USB stick, which you must plug into your computer and physically hold down a button to sign off any outbound transactions from your wallet accounts. Hardware wallets are well known as the apex of crypto security, and you can pick one up pretty easily in NZ.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ee9441c e-flex e-con-boxed e-con e-parent\" data-id=\"ee9441c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-49fb2bb e-con-full e-flex e-con e-child\" data-id=\"49fb2bb\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9c0a559 elementor-widget elementor-widget-image\" data-id=\"9c0a559\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"874\" height=\"671\" src=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/11\/Confirm-on-Trezor.png\" class=\"attachment-large size-large wp-image-21292\" alt=\"Making a payment from my Trezor NZ Crypto Wallet\" srcset=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/11\/Confirm-on-Trezor.png 874w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/11\/Confirm-on-Trezor-300x230.png 300w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/11\/Confirm-on-Trezor-768x590.png 768w\" sizes=\"(max-width: 874px) 100vw, 874px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Setting up a transaction using Trezor's software<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-18e3e37 e-con-full e-flex e-con e-child\" data-id=\"18e3e37\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fb5c2f5 elementor-widget elementor-widget-image\" data-id=\"fb5c2f5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"915\" height=\"668\" src=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/11\/Approving-a-payment-from-my-Trezor-NZ-Crypto-hardware-wallet.png\" class=\"attachment-large size-large wp-image-21294\" alt=\"\" srcset=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/11\/Approving-a-payment-from-my-Trezor-NZ-Crypto-hardware-wallet.png 915w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/11\/Approving-a-payment-from-my-Trezor-NZ-Crypto-hardware-wallet-300x219.png 300w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/11\/Approving-a-payment-from-my-Trezor-NZ-Crypto-hardware-wallet-768x561.png 768w\" sizes=\"(max-width: 915px) 100vw, 915px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Authorizing the payment with my actual Trezor<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3db15ca e-flex e-con-boxed e-con e-parent\" data-id=\"3db15ca\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dabec30 elementor-widget elementor-widget-text-editor\" data-id=\"dabec30\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Visit our hardware wallets NZ guide to\u00a0<a href=\"https:\/\/cryptocurrency.org.nz\/wallets\/hardware-wallets-nz\/\">learn how to buy a hardware wallet<\/a> in New Zealand.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a40a243 elementor-widget elementor-widget-image\" data-id=\"a40a243\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"155\" height=\"155\" src=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2021\/06\/exodus-Wallet-NZ-profile-e1625134425478.png\" class=\"attachment-large size-large wp-image-6659\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fce1c16 elementor-widget elementor-widget-heading\" data-id=\"fce1c16\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Trusted Crypto Software Wallets - Exodus Wallet<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-dbcfc19 e-flex e-con-boxed e-con e-parent\" data-id=\"dbcfc19\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-01e646b elementor-widget elementor-widget-text-editor\" data-id=\"01e646b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Now, if you&#8217;re not willing to spend $200 &#8211; $300 NZD on a hardware wallet, the next type of crypto wallet that you may want to consider is a trusted software wallet like Exodus wallet.<\/p><p>Exodus allows you to still store, send and receive crypto, however instead of being a physical device like a hardware wallet &#8211; you access it on a computer program on your PC.<\/p><p><strong>Exodus official website:<\/strong>\u00a0<a href=\"https:\/\/www.exodus.com\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.exodus.com\/\u00a0<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-689576c e-flex e-con-boxed e-con e-parent\" data-id=\"689576c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8070a2d elementor-widget elementor-widget-image\" data-id=\"8070a2d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"551\" src=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/10\/Exodus-wallet-with-Bitcoin-Balance-NZD-1024x551.png\" class=\"attachment-large size-large wp-image-2405\" alt=\"Crypto Wallet NZ Holding Bitcoin how to set up Exodus wallet\" srcset=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/10\/Exodus-wallet-with-Bitcoin-Balance-NZD-1024x551.png 1024w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/10\/Exodus-wallet-with-Bitcoin-Balance-NZD-300x161.png 300w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/10\/Exodus-wallet-with-Bitcoin-Balance-NZD-768x413.png 768w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2020\/10\/Exodus-wallet-with-Bitcoin-Balance-NZD.png 1228w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3e908b9 e-flex e-con-boxed e-con e-parent\" data-id=\"3e908b9\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0e69d02 elementor-widget elementor-widget-text-editor\" data-id=\"0e69d02\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>For more info, visit\u00a0<a href=\"https:\/\/cryptocurrency.org.nz\/wallets\/exodus-wallet-nz\/\">Cryptocurrency NZ&#8217;s dedicated Exodus guide<\/a>.<\/p><p><b>Exodus <\/b>is free, easy to use, safe to operate, and is trusted by tens of thousands of Kiwis including the <a href=\"https:\/\/cryptocurrency.org.nz\/about\/\">Cryptocurrency NZ<\/a> team. It was my first wallet ever six years ago, and I&#8217;ve never had any issues with it. Just make sure to follow <a href=\"https:\/\/cryptocurrency.org.nz\/wallets\/how-to-backup-your-crypto-wallet\/\">our NZ crypto wallet backup guide<\/a> to make sure to properly backup your access details, <em>including your password, private key and 12 word phrase.<\/em> The only major critique we have is that Exodus is not open-source.\u00a0<\/p><p>Exodus has never had a documented security breach, it&#8217;s multicurrency (<em>meaning you can store all kinds of crypto in your one Exodus wallet<\/em>), and it&#8217;s known to be very user friendly.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e7f7dd5 e-flex e-con-boxed e-con e-parent\" data-id=\"e7f7dd5\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d9da420 elementor-widget elementor-widget-heading\" data-id=\"d9da420\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Other Options for Storing Your Crypto in NZ<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-01660ef e-con-full e-flex e-con e-parent\" data-id=\"01660ef\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a19d9ee elementor-widget elementor-widget-text-editor\" data-id=\"a19d9ee\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Across the world, there are thousands of crypto wallets available for your use. However we recommend sticking only to the most trusted, reputable options to ensure your wallet security. You can store crypto on exchanges, but we recommend against this.<\/p><p>Here in crypto, we have a saying; &#8216;<span style=\"color: #808080;\">not your keys, not your crypto<\/span>&#8216;, and <a href=\"https:\/\/cryptocurrency.org.nz\/crypto-exchanges-nz\/\">crypto exchanges<\/a> hold your private keys for you. This means if an exchange is hacked, such as with what happened to FTX, Cryptopia, and Mt Gox, you will most likely never see your coins again.<\/p><p>We also generally recommend against using mobile crypto wallets, or only using them to store small amounts of coin to be spent on the day to day. Treat them as real wallets, it only takes you leaving your phone around unlocked for a bad actor to then run off and transfer all of your crypto to their wallet. You must also be aware of <a href=\"https:\/\/cryptocurrency.org.nz\/guides\/5-dollar-wrench-attack\/\" target=\"_blank\" rel=\"noopener\">$5 wrench attacks.<\/a><\/p><p>Otherwise, it&#8217;s very common for Kiwis to use web extension wallet like\u00a0<a href=\"https:\/\/cryptocurrency.org.nz\/wallets\/metamask-wallet-nz\/\" target=\"_blank\" rel=\"noopener\">MetaMask<\/a>, for interacting with Web3, decentralized applications and\u00a0<a href=\"https:\/\/cryptocurrency.org.nz\/guides\/decentralized-exchanges-nz\/\" target=\"_blank\" rel=\"noopener\">decentralized exchanges in NZ.<\/a>\u00a0<br \/>However just be sure to only store small amounts in these wallets when you&#8217;re not using them, and store the main bulk of your crypto in your hardware wallet or software wallet.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c8f14d7 elementor-widget elementor-widget-image\" data-id=\"c8f14d7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"589\" height=\"586\" src=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/07\/CNZ-Favicon-Maker.png\" class=\"attachment-large size-large wp-image-17010\" alt=\"Cryptocurrency NZ Logo\" srcset=\"https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/07\/CNZ-Favicon-Maker.png 589w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/07\/CNZ-Favicon-Maker-300x298.png 300w, https:\/\/cryptocurrency.org.nz\/wp-content\/uploads\/2023\/07\/CNZ-Favicon-Maker-150x150.png 150w\" sizes=\"(max-width: 589px) 100vw, 589px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6543147 elementor-widget elementor-widget-heading\" data-id=\"6543147\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Cryptocurrency NZ Final Verdict<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f649d64 elementor-widget elementor-widget-text-editor\" data-id=\"f649d64\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Although there&#8217;s a multitude of wallets at your disposal, we&#8217;d highly recommend biting the bullet and spending $200 &#8211; $300 NZD off the bat and acquiring a <a href=\"https:\/\/cryptocurrency.org.nz\/wallets\/hardware-wallets-nz\/\">hardware wallet<\/a>.\u00a0<\/p><p>They are at this point, the benchmark in crypto wallet security, and anything less than a hardware wallet now feels somewhat insecure from my own perspective. The shear fact that a transaction can not be executed unless you physically hold down a button helps provide confidence to newbie crypto investors. If you&#8217;re planning for your wallet to hold tens of thousands in NZD on them, an initial $200 &#8211; $300 overhead really isn&#8217;t much.\u00a0<\/p><p>We hope you enjoyed this guide, and feel free to <a href=\"https:\/\/cryptocurrency.org.nz\/contact-us\/\">contact us<\/a> if you need any help. You can also get personal 1-on-1 assistance from yours truly through <a href=\"https:\/\/cryptoconsulting.nz\/\" target=\"_blank\" rel=\"noopener\">Crypto Consulting NZ<\/a>.\u00a0<br \/>Good luck with your crypto interests, investments and activity. Bring on the 2024 bullrun.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>With so many crypto wallet options available in New Zealand, how can you choose which one is best suited to you? Follow our simplified guide to discover your best NZ crypto wallet options today. <\/p>\n","protected":false},"author":1,"featured_media":21172,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[94],"tags":[],"_links":{"self":[{"href":"https:\/\/cryptocurrency.org.nz\/wp-json\/wp\/v2\/posts\/21166"}],"collection":[{"href":"https:\/\/cryptocurrency.org.nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocurrency.org.nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocurrency.org.nz\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocurrency.org.nz\/wp-json\/wp\/v2\/comments?post=21166"}],"version-history":[{"count":76,"href":"https:\/\/cryptocurrency.org.nz\/wp-json\/wp\/v2\/posts\/21166\/revisions"}],"predecessor-version":[{"id":23542,"href":"https:\/\/cryptocurrency.org.nz\/wp-json\/wp\/v2\/posts\/21166\/revisions\/23542"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocurrency.org.nz\/wp-json\/wp\/v2\/media\/21172"}],"wp:attachment":[{"href":"https:\/\/cryptocurrency.org.nz\/wp-json\/wp\/v2\/media?parent=21166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocurrency.org.nz\/wp-json\/wp\/v2\/categories?post=21166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocurrency.org.nz\/wp-json\/wp\/v2\/tags?post=21166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}