Cryptocurrencies

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How Highstreet (HIGH) coins are stored

For increased security, HIGH coins can be stored on hardware wallets like Ledger Nano X or Trezor Model T, which safeguard private keys offline on secure chips.

Dec 15, 2024 at 07:41 am

How Highstreet (HIGH) Coins Are Stored

Highstreet (HIGH) is a blockchain-based metaverse platform that allows users to build, own, and explore virtual worlds. The platform's native token is HIGH, which is used to power transactions within the Highstreet ecosystem. HIGH coins can be stored in a variety of ways, including:

1. Cryptocurrency Wallets:

Software Wallets: Software wallets store private keys on your computer or mobile device. They are convenient and easy to use, but they can be vulnerable to hacking if not properly secured. Popular software wallets for storing HIGH coins include MetaMask, Trust Wallet, and Coinbase Wallet.
Hardware Wallets: Hardware wallets store private keys on a physical device, such as a USB drive or a dedicated hardware wallet like Ledger or Trezor. They provide a higher level of security than software wallets, but they can be more expensive and less convenient.
Custodial Wallets: Custodial wallets are managed by a third party, such as a cryptocurrency exchange. They handle the storage and security of your private keys, but you may have less control over your funds and may be subject to account freezes or restrictions.

2. Exchanges:

Centralized Exchanges: Centralized exchanges are online platforms that allow users to trade cryptocurrencies. They hold your coins in their own wallets, which can be convenient, but it also means that you do not have full control over your private keys. Some popular centralized exchanges that support HIGH include Binance, Huobi, and KuCoin.

3. Staking Platforms:

Staking Pools: Staking pools allow users to earn rewards by staking their HIGH coins. By locking up your coins in a staking pool, you help to secure the Highstreet network and receive rewards in return. Staking pools are offered by various platforms, such as Everstake and Stake.fish.

4. Hardware Devices:

Ledger Nano X: Ledger Nano X is a hardware wallet that supports multiple cryptocurrencies, including HIGH. It offers a high level of security by storing your private keys offline on a certified secure chip.
Trezor Model T: Trezor Model T is another popular hardware wallet that supports HIGH. It features a touchscreen display, making it easy to manage your coins.
SafePal S1: SafePal S1 is a hardware wallet specifically designed for mobile use. It supports HIGH and offers Bluetooth connectivity for convenient access.

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