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Paper wallets generally thought to be the least secure as they consist of writing down the private key on a piece of paper and storing it somewhere the user deems safe. Finally, hardware wallets are specialized devices akin to a USB thumb-drive. These devices store private keys offline and may be connected to an internet-enabled device wesley crypto the user needs to initiate a transaction with their tokens.

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These entities have received approval as custodians by registering as state-chartered trust companies.

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