Safest Ways To Store Bitcoins

Posted on by Myron

When it comes to storage of bitcoins, there are not many people that know about the safest ways through which they can store bitcoins. Moreover, people that are into bitcoin trading through apps like the Bitcoin revolution app do get advanced safety features that allow them to keep their bitcoins safe online. If you are wondering Do celebrities recommend the use of Bitcoin Revolution? For that, you can follow this link here and find out for yourself.

Coming back to the safest ways through which you can keep your bitcoins safe. Here is a list of ways that you can try according to your requirements and resources. 

  • One of the most popular cold storage methods is desktop storage. In this method, you save your bitcoins on a desktop that is not connected to the internet making it more secure and accessible. Additionally, the risk of losing your online security key is significantly reduced.
    However, it is really important that you keep in mind the fact that desktops are prone to viruses and malware, and once your system crashes you would not be able to restore your bitcoins no matter what. 
  • A hardware wallet is a much secure alternative to storing your bitcoins physically. You use an external drive in order to store your bitcoins offline. Moreover, there is no personal information that is attached with a hard drive so you get additional anonymity as you use this method of storage.
    Although, if you lose your drive you won’t be able to recover your bitcoin as there is no personal information attached to that drive. 
  • A paper wallet is another secure way through which you can store your bitcoins. However, in order to understand how these paper wallets work, you might need to understand a lot of technical terms as well. Paper wallets are really easy to store as they are basically a piece of paper that contains the private key that allows you to access your online wallet. 
  • Lastly, you can get physical bitcoins by paying a little extra amount to your service provider. This is another really safe way through which you can store your bitcoins.