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Cryptocurrencies have so far solidified themselves as part of our financial system, and there’s truly no stopping them at this point. Most cryptocurrencies are stored on exchanges or individual wallets, but like traditional bank accounts, there is the propensity for these asset custodians to suffer hacks. StormGain, Binance, and Coinbase are known for their high levels of security for users. A hardware wallet is essentially a physical device that stores valuable coins in your wallet, and it will be around for as long as money exists.