Huobi back to save valuable customers

On September 24, the Joint Venture Company and 10 other organizations gathered for “Report on the Prevention and Operation of Terrorism in Virtual Financial Institutions”. ”, Emphasizing the need for fiat and virtual currency exchanges. It trades the virtual currency market and acts as a medium of exchange. The parties buy and sell virtual currency and provide brokerage information and billing services for virtual currency trading, token trading, virtual currency derivatives trading and other virtual currency trading. If financial crimes such as illegal sale of tokens and tickets, illegal public issuance, illegal trading, illegal spending, etc. are prosecuted, they are considered limited, strictly prohibited by law. Examine the liability required by law for carrying out illegal financial activities necessary to break the law.

On September 26, two days after the announcement of the "announcement", Huobi World reacted quickly to the announcement of "the announcement of the gradual increase in consumer demand in China. 8) Major new users in mainland China have been suspended. For existing users authenticated in mainland China, the sequential liquidation and delisting will be completed by midnight December 31, 2021 (UTC 8), with the aim of securing the characteristics of consumers' assets.

On December 14 and 15, Huobi will be arrested and released to consumers in mainland China, respectively. The significance of Huobi's retirement has arrived. Huobi will end OTC trading in the RMB on December 31st. Meanwhile, Huobi Global Parking Lot in the Chinese market is completely closed.

By 2020, Huobi said they have 15 million users. Other than some of this false information, considering the percentage of users in China, this custom is at least a few million dollars, which is very rare in the crypto industry and industry history.

As Wu's blockchain explains, “Huobi is unique in that he uses the idea of ​​eliminating everything and decisively, leaving him a small place and referring inside that 'no one can stop the withdrawal ". Not yet authorized."

Therefore, for users depositing assets to Huobi, the best practice now is to complete the deletion and exchange of assets as soon as possible, not working “days at least”. So the next question is how to get the treasure mined from Huobi.

In the case of consumer assets stored on exchanges, in order to facilitate circulation, the exchange keeps a significant portion of their assets in their wallets, and the security of the wallets is minimal, some say they don't have a lot of money. treasures in the hands, they are therefore entrusted to the stock exchange. The exchange will reward you. The best exchanges can reward consumers who want to keep their business, while the smaller exchanges can choose to operate on their own.

Many previous lessons teach us. No chance. Your current asset must be yours, and you must keep it! It's time to choose a good hardware wallet to store your valuables.

Introduction to consumer hardware wallets

There are so many hardware wallets on the market today, their features and design are also attractive, and the pictures below show what some of the hardware wallets look like.

The image does not include Ledger, Trezor, and HyperMate, which have a larger audience.

free series

There are currently two hardware wallets designed by Ledger: Nano S and Nano X.

The Nano X is the latest version of the Nano S. In actual use, the differences between the two models are not significant, so the Nano S is fully utilized as a modified version of the Nano X.

Overall, the Nano X will be better than the S in terms of mobility, but since the Nano X is also more expensive and the X series chips are CC EAL5, which is also a budget material with more security. . . current market.

Ledger has always believed that "security components are an integral part of the security architecture that protects against physical attacks and interference in devices." The design of the Ledger Nano X incorporates this concept and uses a CCEAL5 certified commercial grade security chip to ensure hardware security. Ledger Nano X is also a wallet hardware that now supports top performance, supports bluetooth, and connects to PC or smartphone to control digital devices. It is suitable for users with a wide range of digital assets.

Ledger uses a security chip, the security level is CC EAL5, and the International Association for Standards divided the CC rating from low to high with EAL 1-7. Usually, the security products are CC EAL 5 in the bank chip debit card you use requires CC EAL5 security authentication, and the advanced encryption such as CC EAL6 and CC EAL7 are military grade. However, Ledger uses two chips, one secure and one unsecure, and there is a security risk in the transmission of data between these two chips. Ledger also introduced a security loophole, allowing hackers to force a security switch to enter a wallet's PIN code without removing the shell. The PIN code is the same as your wallet password, you can open the wallet and transfer money.

Treasure Series

There are two types of Trezor hardware wallets. A, Model T

The ONE series has been on the market for a long time. This sentence usually speaks of the T model.

The Trezor Model T is a hacker grade digital wallet product. "Finding the best balance between security and user-friendliness" has always been Trezor's mission. Trezor provides users with the most intuitive and well-known interface and way of working, while maintaining high security standards. Likewise, the Trezor Model T is open source, with all rights from hardware to software. And cryptocurrency devices are supported. In addition, the Trezor Model T is not only a hardware wallet, but also has a variety of rich and useful features such as business intelligence, password manager, personal dual status authentication ( FIDO U2F), SSH proxy authentication, etc.

Trezor regularly uses chips, so if a hacker attacks your wallet hardware, your wallet will weaken. At the World Hackers Conference 2017 in Las Vegas, USA, a foreign security team discovered how to hack a valuables wallet. candles.

Hypermate Series

HyperMate has two hardware wallets: HyperMate G and HyperMate Pro.

HyperMate G is a first generation product, and G stands for Genesis, which stands for Genesis. HyperMate G is an ultra-thin, easy-to-use, and highly secure hardware cryptocurrency wallet that has passed US FCC certification and testing by global security companies, and has CC EAL6 secure features. HyperMate supports keyrings and contracts such as BTC, ETH, BSC, HECO, OEC, Polygon, BCH, EOS, LTC, HC, QTUM, XRP, DASH, TRX, FIL and ERC20 as token carrier. , TRC20, QRC20 models and firmware updates to support future calls.

The Pro version has a lot of G-based user experience features and upgrades, such as second shift recognition, fingerprint recognition, Chinese display, 12/24 mnemonic language, etc.

Knowledge comparison

If you are using HyperMate Pro and Ledger Nano X, you will need to download the desktop user or the mobile device.

The Trezor Model T client is a web page, so you don't need to install the client.

The process of setting up our wallet is similar, including simple steps such as setting up a PIN code and entering mnemonic text. HyperMate Pro and Trezor Model T can be used to manage digital assets after completing a simple setup. The Ledger Nano X requires additional steps to install an app and create an account before it can be used to manage digital assets.

The HyperMate Pro and Trezor Model T are easier to use than the Ledger Nano X and are suitable for beginners.

Also, in terms of Chinese language support, desktop user Ledger Nano X has already supported Chinese, and mobile users have not yet supported Chinese. HyperMate Pro mobile, please support Chinese, and Trezor Model T web users support Chinese.

concludes

Hardware wallets have always been considered the most secure form of storage device in the industry. Users don't have to worry about the risk of theft. Community investment pays for “lost bags for safety”. Wealth can only be guaranteed when it fits in your pocket. This is especially true with cryptocurrencies, when assets are put on the market or placed on different lines. Even though you are on the platform, you will encounter resistance. By the time Huobi began to withdraw, many exchanges were in jeopardy. So you only choose the hardware wallet and keep your assets there. It is only by separating the world that we can guarantee our own security. We want every investor to enjoy secure home security.