Why Braavos is the Best Place for Your Crypto

Where is the best place to buy crypto?

The best place to buy cryptocurrency depends on factors like your location, experience level, and the specific cryptocurrencies you’re interested in. Popular centralized exchanges such as Coinbase, Binance, and Kraken are often recommended for beginners due to their easy-to-use interfaces, strong security, and wide variety of available cryptocurrencies.

However, keep in mind that holding your crypto on centralized exchanges means you don’t have control over your assets. Similar to traditional banks, if the exchange goes bankrupt—like FTX in 2022 or Mt. Gox in 2014—you risk losing your funds by keeping them on the exchange.

At Braavos, we believe the best way to buy crypto is through a self-custody wallet. This way, your funds remain entirely under your control, and no one else can access them. You’ll have peace of mind knowing your crypto is safe in a self-custody wallet. With a wallet like Braavos, equipped with biometric two-factor authentication (2FA) security, only you can access your assets.

Additionally, it’s important to minimize fees when purchasing crypto to preserve your capital. Starknet, a blockchain secured by Ethereum and available on Braavos, offers transaction fees as low as $0.001, ensuring that you won’t lose your funds to high fees.

The combination of self-custody, biometric security, and low fees makes Braavos the best place to buy crypto.

Here’s a short guide on how to buy crypto with Braavos:

Step 1: Once your Braavos wallet is opened, tap ‘Deposit’ then select Transak and tap ‘Let’s Go’

Step 2: Select your currency, amount, and payment method, and tap ‘Buy Now’. Check your wallet address and tap ‘Buy ETH’. Finally, enter your email address.

Step 3: Go to your inbox and enter the verification code. Enter your personal details and address.

Step 4: Select your purpose for using Transak and follow the ID verification process.

Step 5: Tap ‘Order Now’, ‘I Understand’ and confirm your order.

Step 6: Make the payment and it’s done ✅ 

Congratulations 🥳

Where is the best place to put crypto?

Once you’ve purchased cryptocurrency, you have several storage options:

1. Exchange Wallets: Storing your crypto on the exchange where you bought it, like Coinbase or Binance, is convenient but less secure. You are relying on the exchange to protect your funds.
2. Hardware Wallets: Devices like Ledger or Trezor offer one of the safest ways to store cryptocurrency. They keep your private keys offline, away from potential online threats.
3. Software Wallets: Mobile or desktop wallets, such as MetaMask or Trust Wallet, strike a balance between convenience and security. They are great for everyday transactions. However, while MetaMask and Trust Wallet are good options, they are not the most secure. Here’s an article explaining why.
4. Smart Contract Wallets: These wallets combine the best features of hardware and software wallets. Your private key is stored in the secure enclave of your smartphone. This means that without your device, no one can sign a transaction. Additionally, since these wallets use your smartphone’s software, you will need to authenticate each transaction with your face or fingerprint.

Smart contract wallets offer the highest level of security for your crypto. If you’d like to learn more about blockchain security, check out this article on why smart contract wallets are the most secure option.

Does crypto have a future?

Once you’ve purchased crypto and stored it safely in a smart contract wallet like Braavos, it is a normal question to ask yourself if crypto has a future.

The technology behind crypto, particularly blockchain, is being adopted across various industries, from finance to supply chain management, luxury and real estate. Countries like El Salvador has even made Bitcoin their legal tender. However, the future of specific cryptocurrencies depends on their use cases, regulatory developments, and market adoption. Bitcoin, Ethereum and Solana are likely to remain influential, but new technologies and regulations could reshape the landscape significantly.

Is crypto a good investment?

Cryptocurrency can be a good investment, but it carries a high risk. The market is highly volatile, and prices can fluctuate dramatically in short periods. Many investors see potential in Bitcoin, Ethereum, and other established cryptocurrencies due to their limited supply and increasing adoption. However, the risk of loss is substantial, so it’s important to invest only what you can afford to lose and to diversify your portfolio. Long-term holding (HODLing) has been a successful strategy for many, but timing the market or speculating on lesser-known coins is far riskier.