How to securely store your Bitcoin

[CryptoMarth]

The best way to secure your bitcoins or any other cryptocurrency is with a hardware wallet.

Exchanges have their role, but keeping your coins safe is not their main business.

Leave the amount of coins necessary to operate on the exchange and keep the rest safe in a wallet.

[DoublerHunter]

The best way to secure your bitcoins or any other cryptocurrency is with a hardware wallet.

Exchanges have their role, but keeping your coins safe is not their main business.

Leave the amount of coins necessary to operate on the exchange and keep the rest safe in a wallet.

^ It is quite safe but it is the same vulnerable from the hack, why? Because upon opening your hardware wallet, you need a wallet application that comes from your device and can be trusted to open your hardware wallet. Any wallet can be vulnerable but if you have knowledge on how to secure your bitcoin safe, then you will be fine. Nevertheless, if you know how to create a paper wallet, that is better of all. But if you are a newbie in making on it. It is very crucial for you because making a paper wallet is very sensitive. However, I appreciated the article it is a good suggestion but hopefully, OP did not shill this website.

[adzino]

Went through the article. At first glance I thought you were about to start talking about DeFi crap (most of them are here for scamming. Already few of them have started to exit scam!), but glad you didn't. Your article says how to "securely" store bitcoin, but looks like you started to talking about different kinds of wallets that are available. You fail to mention how some of the wallets are not secure. Like in case of hot wallet, you just say that they "lack in security". In what way? How are cold wallets more superior?
The end portion kinda felt like you were advertising for hardware wallets.
Maybe add more about how to "secure" your wallets by talking about issues with different kinds of wallets.

[milani]

First of f all to be extremely attentive before clicking some websites or services, do not keep your data, seeds and keys via email, online messenger or something like that. Do not hold all your assets in one and the only place, do not keep all assets on exchanges even in case they are trustworthy and so on and so on. Everything is really very simple.

[Wysi]

Appreciate your efforts to share knowledge as newbies will find it useful, I have read your complete blog and it's crisp and clear. I would request you to add some more point about the importance of private keys and passphrase as if you are using wallets like blockchain and forgot your password it's impossible to retrieve password without the phrases.

[Lucius]

Phishing is user's problem, it means that they are careless, forgetful and not with high IQ when it comes to the safety of their money... But the actual problem is that exchanges suggest people to save their money on exchanges...

People are the weakest link in the entire security chain, because how do you explain giving someone a super secure cryptocurrency storage device, explaining what a backup is and how to keep it - and then he sends that same backup to a complete stranger on Telegram who promised to double the amount which has in its crypto wallet.

As for crypto exchange, again would add that the people who work there are the greatest risk, because most of the hacks are actually inside jobs - and of course crypto exchanges will not promote the idea of "not your keys, not your coins", it is not in their interest because of the liquidity they want to have.

[Sultanar484]

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!

I use blockchain and coinbase wallet for holding, trading and transferring bitcoin for my purposes. I try to save my documents in safer place and use 2fa code, mobile verification, backup etc. It is still safer to me. I evaluate your efforts in writing article about crypto wallet.

[TheBunting43]

From the few years I have been involved in this space, I have realised that I want to store my crypto the exact same as how I store my money... In several different places/wallets.

I have learnt that I don't want to have a vast majority of my holdings in the one wallet. I have various wallets that I actively hold funds in now, from exchange wallets - holding crypto I use for scalping and other trades, to a hardware wallet - for holding crypto that I just want to hold for the future and stake where possible. I personally think that is the safest way to hold crypto.

[dificanovi]

I keep my bitcoins in the safest place and I store them in one of the best cryptocurrency wallets.  My bitcoin wallet private key is stored in email, on computer software and on paper.  I do not tell the private key of my bitcoin wallet to other people, I give the private key of my bitcoin wallet only to my wife because I don't trust other people, I believe in this way my bitcoin will be safe.

[emmybd]

Bitcoin is the main cryptocurrency. Thousands of people are dependent on bitcoin. So it's important that bitcoin is safe. It's also important to store bitcoin in the best way.
Bitcoin mainly stored in a digital wallet but it can be also stored in a offline wallet and it's one of the safest method to store bitcoin. Offline wallets are not accessible via the internet as a result hacker can't hack the software as the wallets are offline and it's safe from dishonest people.
Digital wallets are hardware based. It's also a safe method of storing bitcoin.
It's possible to stole bitcoin and it's not a good news for the bitcoin users. So it's very important to store bitcoin in the best way so that no one can stole it. If we store bitcoin in the digital wallet then we have to take care about some important things. Like: we have to give a strong password so that hackers can't hack the software, we have to verify the software, we have to be very concerned about our email address and other things which are related to bitcoin system.
But I can say that offline wallets are the best. It has no risk to be hacked. And also user can monitor his or her bitcoin all the time.

[sapnu]

Appreciate your efforts to share knowledge as newbies will find it useful, I have read your complete blog and it's crisp and clear. I would request you to add some more point about the importance of private keys and passphrase as if you are using wallets like blockchain and forgot your password it's impossible to retrieve password without the phrases.

Absolutely, this might really help those people who are having trust issues with the wallet they choose. That is why you guys should know what wallet is better for you to use when you are storing your own cryptocurrency. Because one single mistake can lead to a loss of your money which we don't want to happen. There are things you should need to consider when choosing a wallet, 2FA authentication is important so that you can be verified when someone is trying to open your wallet.

[Walterhank]

Thanks for the article, it is well-researched as well as detailed. It will definitely come in handy for anyone who is new to this game. I especially like the 'why crypto wallets matter?' section, it has some really insightful data.

[Charles-Tim]

My bitcoin wallet private key is stored in email, on computer software and on paper.

Backup of private key on email is not advisable because anything on email is anything online. There are many series of reports of peoples' email being compromised, and in this case can be an easy way for the hackers that compromised the email to lay hand on the seed phrase or private key. So, storing sensitive information on emails is not safe at all.

Storing seed phrase or private key on a phone or computer is not also also safe, not safe because the device can be damaged beyond repair in a way someone can lose the seed phrase or private key.

The best way to go is to store your seed phrase or private key offline, no hackers can know what is offline online which makes it safe. But, there will still be need to safe it from offline attackers and damages. Also, triplicating it offline will be best by also keeping the three backup in three different locations.

[jamesde]

There are many providers of bitcoin wallets in the world and blockchain info is the main one.  One of the safest techniques for holding bitcoin is cold storage, as there wallets are not accessible via the internet. There are also hardware wallets are potentially even safer, although if they misplace or forget their keys, users face the risk of losing access to their tokens.

[Kocret02]

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!

the security to store crypto I think the best way is to be in an offline wallet. it may be safe from hackers and other actions, for example like this nano ledger will keep you safe in storing your wallet

[suzanne5223]

I keep my bitcoins in the safest place and I store them in one of the best cryptocurrency wallets.  My bitcoin wallet private key is stored in email, on computer software and on paper.  I do not tell the private key of my bitcoin wallet to other people, I give the private key of my bitcoin wallet only to my wife because I don't trust other people, I believe in this way my bitcoin will be safe.

Giving your wallet private keys to your wife is good but it not reasonable if she did not know how to keep it safe or its purpose and about saving your private keys in an email is just another way of you showing your wallet private keys to the email service provider.
Saving wallet private keys online is not good.

There are many providers of bitcoin wallets in the world and blockchain info is the main one. 

I will never advise my enemy to make use of blockchain info wallet.

One of the safest techniques for holding bitcoin is cold storage, as there wallets are not accessible via the internet. There are also hardware wallets are potentially even safer, although if they misplace or forget their keys, users face the risk of losing access to their tokens.

All MIT license wallet is good for store Bitcoin but the user need to avoid a human error when using the wallet

[ropyu1978]

Nowadays, fraudsters always take advantage of technological innovations and always take advantage of people who still don't fully understand certain technologies, such as new technology, there will definitely be risks associated with digital currencies, so in my opinion we must be smart at saving Our bitcoins, the safest way to store our bitcoins is by using hardware wallets such as ledger and trezor, with a hardware wallet, with this hardware wallet you will easily access your bitcoins, making it safer ..

[amihada]

My advice is not to save it in a place that is connected to the internet because it can be hacked by irresponsible people and all your assets will be lost, it's better if you save it on paper and keep it in a safe place.

[Pokerbits]

Thanks for the info.
Will be keeping this in mind.

[Rengga Jati]

This may be a basic thing knowledge to be understood by the beginners. It is about some types f wallets and also recommendations about the wallet to be preferably used.
So far, if a newbie only has small amount of Bitcoin and not going to hold for a longer time, a software wallet or exchange may be useful, moreover at once for trading.
However, if you are really willing to have it for holding, however the numbers, yeah I agree to considerably save it in the cold wallet because we don't know exactly. Moreover, one to always remember, never tell anyone about the private key r even other password or important/private data because it will dangerous.