How to securely store your Bitcoin

[Kayum10029]

The most important thing in storing a cryptocurrency is the storing wallet.  The security of your wallets depends on you.  Your cryptocurrency will be saved if you can save it properly.

[AniviaBtc]

But I'm expecting you should also highlight those desktop wallets, even with basic information, just as what you did on the Metamask extension and not just mentioning them.

And since the subject is security and the target audience are newbies, might as well add some pointers about ways to secure an account on an exchange site or trading platforms.

I'm using Metamask, only for my ETH but for bitcoin, I'm using a hardware wallet.

I'm just not comfortable on using exchanges and digital wallets because hackers are flexible and skilled enough to enter your wallet.

Also there are exchanges which are sometimes having problem with their platform.

Security is also one of the problems that we can encounter in an exchange besides the existing of hackers.

[amihada]

For the storage of assets such as bitcoin, it is purely done by yourself, because as we know now there is nothing more secure than what we have, including securing the password or passphrase code. so I think this is our best choice, and my advice is to choose a hardware wallet for us to make the best choice

It is true that you cannot hack it with other people, just choose to keep it on paper, it is not connected to the internet, almost those connected to the internet can be hacked if storing it on paper is the safest option.

[tygeade]

I would appreciate it if you shared this article with anyone you know who is getting into cryptocurrency for the first time. We don't want anyone to lose their funds, so security should continue to be the number one priority for educating new investors.

What Is A Crypto Wallet? How To Securely Store Bitcoin

Let me know if you have any questions or comments on the article!

Instead of sharing some external link to this community; why not you take time to elaborate your one way of securely storing bitcoin? Because, we all need practical approach rather than someone writes something for shilling purposes rather than really caring about this community. Your article must be one of them.

Not your keys; not your bitcoins: Your article is mostly focusing on few of web-wallets and this community is strongly against such type of wallets.

Moreover, secretly storing is not a big science. You just need to secure your wallet files with (rememberable) strong password and you must save your seed phrases without letting others to access it.

[zanezane]

I just use HD wallets - Ownr and Trust. And I have no reason to think that my funds are not safe.

You have to still be careful though as you can still be a victim of phishing and other malware, yes you have a HD wallet but being cocky about your security tends to be the downfall of many.

[Sihab76]

For the Bitcoin store, I usually use hardware.  Because hardware wallet is much more secure than software wallet.  I usually use three types of software wallets and two types of hardware wallets.  ledger nano and trezor wallet is very important ans secured wallet for reserving Bitcoin.

[Stevcummings]

Hi Everyone,

Since there will be a lot of new investors coming into the crypto space in the coming weeks. I wanted to make sure I publish an article about how to properly secure your Bitcoin.

I would appreciate it if you shared this article with anyone you know who is getting into cryptocurrency for the first time. We don't want anyone to lose their funds, so security should continue to be the number one priority for educating new investors.

What Is A Crypto Wallet? How To Securely Store Bitcoin

Let me know if you have any questions or comments on the article!

If you are comfortable storing your assets in a financial institution like a bank, then a regulated financial institution may be the best fit for storing your crypto. And, if you prefer to have complete control over your assets without relying on anyone else and don’t mind shouldering the added personal responsibility and risk that comes with it , then you may prefer a self-storage wallet. Self-storage wallets could be used to keep small amounts of bitcoin handy for trading and everyday use, and third-party custodians could be entrusted to safeguard larger amounts of crypto or handle digital asset inheritance.

https://www.gemini.com/cryptopedia/how-do-i-securely-store-bitcoin

[Gamerholic]

The best way for all serious bitcoin owners to use is cold wallets and physical media. Hacking is minimally likely - if not impossible at all. You need to incur a small investment of time and money for the acquisition and management, but it is worth it so that later you sleep well and not worry about the safety of your savings. Those who ignore such rules are more likely to find themselves in unpleasant situations. I know such people personally - believe me, it's better to play it safe.

[Momoamzad]

I think hardware wallet is more secured  for storing your asset . Nano, trazer  ledger . Most important you have to save your private key or password to a secured place so that no one can hack it.

[skarais]

I think hardware wallet is more secured  for storing your asset . Nano, trazer  ledger . Most important you have to save your private key or password to a secured place so that no one can hack it.

Hardware is a wallet that is recommended for those who have a significant amount of bitcoin or have a value that is considered critical. Although anyone can use it, it's actually funny if I have to use a hardware wallet for store worth bitcoin $20, while electrum and bitcoin core and some other wallet provide a good security experience for the user.

[isaac_clarke22]

~

Or.....simply just don't trust any online wallets for hodling purposes wherein you don't hold your private key.
Some people still treat Bitcoins like fiat wherein they entrust their good ol' pal, online wallets like how they entrust banks too much for their money.

[imstillthebest]

I think hardware wallet is more secured  for storing your asset . Nano, trazer  ledger . Most important you have to save your private key or password to a secured place so that no one can hack it.

Hardware is a wallet that is recommended for those who have a significant amount of bitcoin or have a value that is considered critical. Although anyone can use it, it's actually funny if I have to use a hardware wallet for store worth bitcoin $20, while electrum and bitcoin core and some other wallet provide a good security experience for the user.

Its funny if you bought a hardware wallet but you don't have a crypto to store in it but it's not funny If you put small amount in a hardware wallet because you are going to hold it for a Verry long time and by the time you came back the 20 dollar that you store is now worth hundred thousand .
I tried using electrum and I have no problems with it and what I like is that I can keep my private keys with me .
I haven't tried Bitcoin core but this wallet is trusted

[BlackHatCoiner]

Because hardware wallet is much more secure than software wallet.

This is not completely true, unless you don't know what's the technical background of a wallet. Besides the fact that the keys never "touch" your computer, hardware and software wallets aren't different at all. You're generating random numbers with both of them. For beginners on cryptocurrencies, I'd definitely recommend hardware wallets, though.

I tried using electrum and I have no problems with it and what I like is that I can keep my private keys with me .
I haven't tried Bitcoin core but this wallet is trusted

Just a small note. While both of them are wallets, electrum offers much better address management than Bitcoin Core. It'd be better for example to use electrum to write 12 words and derive as many addresses as you want than writing an entire private key in which you end up with only one address. Bitcoin Core developers haven't implemented the seed generation.

[ECOS_CloudMining]

Thank you for your useful article! It’s really important to think about the safety of your crypto wallet. Choose only reliable wallets

[bandungan]

the article that you provide is very complete and good, but for beginners you may still have doubts about choosing which one is the right one. we need to remind you as good as any wallet is, only the most secure hardware such as trezzor or nano ledger is the best for securing assets

[Kamarah]

Hi Everyone,

Since there will be a lot of new investors coming into the crypto space in the coming weeks. I wanted to make sure I publish an article about how to properly secure your Bitcoin.

I would appreciate it if you shared this article with anyone you know who is getting into cryptocurrency for the first time. We don't want anyone to lose their funds, so security should continue to be the number one priority for educating new investors.

What Is A Crypto Wallet? How To Securely Store Bitcoin

Let me know if you have any questions or comments on the article!

Bitcoin wallet is a place to help you store your Bitcoin. It's like you take money in your wallet. But how to secure your Bitcoin wallet to avoid stolen. Buy the most safe purses. There are now many types of hot wallets and cold wallets, but in the market there are 4 types of most common wallets that are online wallets, wallets, paper and hard wallets. Learn to buy appropriately.

[Alucard1]

It seems like your title "How to securely store your bitcoin" is different from its content, as the content says that it is about a crypto wallet, well still a good article for beginners to choose what wallet may suit them. Right now I am using a hot crypto wallet, as I am using an exodus and electrum wallet, actually, I also want to try to use a hardware wallet or a cold wallet but I don't think that there is a cold crypto wallet here in our country and I also don't know how can I buy it. Hardware wallet is much safer than online wallet but if you will just take care your device and you wont download some unnecessary files and application then using it is still good.

[imstillthebest]

I tried using electrum and I have no problems with it and what I like is that I can keep my private keys with me .
I haven't tried Bitcoin core but this wallet is trusted

Just a small note. While both of them are wallets, electrum offers much better address management than Bitcoin Core. It'd be better for example to use electrum to write 12 words and derive as many addresses as you want than writing an entire private key in which you end up with only one address. Bitcoin Core developers haven't implemented the seed generation.

thanks for the info but is there a reason why bitcoin core havent implemented it until now  ? because they always released an update but we can copy our private keys and paste it in a secure location . no need to write it  . im fine with a single wallet no need to create more

[BlackHatCoiner]

thanks for the info but is there a reason why bitcoin core havent implemented it until now  ?

Updating Bitcoin Core with those major changes isn't as simple as you may think it is.

[MFahad]

thanks for the info but is there a reason why bitcoin core havent implemented it until now  ?

Updating Bitcoin Core with those major changes isn't as simple as you may think it is.

Also if you want to use bitcoin core, you have to download the whole blockchain on your computer and many people will run out of space on their system if they opt to go with bitcoin core. Electurm wallet is better choice unless you are a blockchain developer.