Since there has been a lot of gossip about crypto wallets and cryptocurrency, it has become difficult to understand what is true and what isn’t. Everyone has something to say about cryptocurrency or Bitcoin. Today, I will tell you something interesting about storing Bitcoins. I know that you have read a lot of articles and tried to find out the best ways to store your Bitcoin, but that has not helped you.
Here, I will give you the best solutions for your problems, because I have been in this profession for a very long time. I have tried everything. I have kept no stone unturned, and I have tried every way to store my Bitcoin efficiently. There are various risks, and I have personally experienced many, so now I think I can share my experience with you.
When it comes to saving wallets, let me tell you one thing: it takes a heart to trust someone. Hence, it is not very easy to store your Bitcoin wherever you want. I read and learned a lot of things about Bitcoin storage in the process. One thing that helped me was The Crypto Genius. I have learned a lot of things from this as well. Hence, it helped me to take the steps very carefully. Even then, I would not deny, I did face some problems too.
How to Store Bitcoin?
I already told you that there are various ways in which you can store your Bitcoin, but you also need to find out which suits you the most. Here I have listed the different types of wallets that you can use. Now you can choose to use any.
Desktop Wallet
The biggest advantage of this kind of wallet is that the desktop wallet is not connected to the internet. Hence, they are also called “cold storage.” The desktop wallet has various kinds of advantages that the other kinds of wallet never have.
A desktop wallet has more advantages than any other kind of online wallet, and it will keep your assets really safe and strong. The online wallets can be accessed from anywhere on the Earth, and these characteristics make the online wallets very vulnerable.
The desktop wallets, however, can only be accessed through your personal computer, and your personal key would be stored on that computer only. Such wallets do not even need an internet connection to access the key successfully.
Hardware Wallet
You must be thinking that the desktop wallet is the most secure wallet to keep your Bitcoins in. But let me tell you that the hardware wallet is even stronger than the desktop wallet. It is available in the form of a USB, which you can actually carry anywhere you wish to carry, or you can also store it anywhere without any limitation.
The hardware also keeps your anonymity as the highest priority. There is no added benefit to this wallet, and you can access the wallet anytime you want to from any part of the world you wish. But the biggest drawback is that if you lose the hardware wallet, then there will be no other way to recover the key.
Paper Wallet
The paper wallet is very safe for storing Bitcoin, but it requires a more advanced form of technology. The paper wallet is the most secure wallet, and I personally love it. You can generate a paper wallet online and use a dedicated website for it, for example CryptoRunner. You can also generate the wallet offline for a better purpose of use.
Conclusion
I hope my explanations have helped you a little. If you think you are ready to go, then you can try to use all of the wallets that I have mentioned above. I think you will surely find one to help you keep your Bitcoins very safe and also handy.
