Sometimes, saving safely in Argentina can be a headache, so you have to know the best options.
Given the imminent threat of a sudden devaluation or growing inflation, it becomes a fairly regular problem for Argentines to find safe savings methods. Most use the purchase of dollarsbut this implies a risk by having the tickets saved at home, and not to mention if you opt for bank accounts, knowing the background.
Therefore, it is important to know other types of options that are not so usual, but they can be more reliable. A methodology that is growing considerably and arrived with the cryptocurrenciesis the accumulation of the so -called “stablecoins”. These are financial assets, more precisely cryptocurrencies whose value is supported and tied to the value of the dollar.
Cold Wallets
What are digital dollars
Digital dollars, as the name implies, are savings in personal accounts, known as “Wallets“(wallets) that may be expressed in financial assets of all kinds. There are known and strongly backed cryptocurrencies such as Bitcoin and Ethereum, whose value is the highest in the market and tends to be stable and rise, although it is subject to considerable casualties, and The most conservative are the stable or stablecoins coinslinked to the US dollar value.
These assets or savings are kept in virtual wallets known as wallets that can be “hot wallets” or “catd wallets”. The first are Exchange platforms, that is, Exchange of cryptocurrencies and assets that allow transactions And they are connected to the network and the second are simply disconnected storage that serve to escape hacker risks and keep the savings in the safest way possible.
Will save safely: how to keep them without paying more
The best way to save this type of savings safely are Cold or Cold Wallets. This type of devices allows They are stored outside the network and are not exposed to market volatilitieshackeos or virtual robberies.
The device is purchased once, it does not need renewal, and the only thing that changes between the models is the storage capacity and some extra features, such as Bluetooth. Once acquired, The cold wallet allows a purchase and transfer of cryptocurrencies quickly and safely.
Customers can buy cryptocurrencies through ATMs, generate the QR code and, in minutes, have their cryptocurrencies protected in the cold wallet.
Like all technology, cold wallets require certain care. The main recommendation is to protect the “Seed phrase”a set of 24 words generated when the device is configured. This phrase is key, since it allows recovering access to cryptocurrencies in case of loss, theft or damage of the device.
Source: Ambito
