Report post

What is the safest way to store bitcoin?

Cold wallets such as hardware wallets or paper wallets are the safest options when it comes to storing your bitcoin. These are completely offline products and cannot be accessed by the internet; meaning someone would have to be in the same physical location as the wallet to steal it.

Where do I store my Bitcoin?

Just like with your bank account or physical wallet, you need a place to store your bitcoin after purchasing it. Bitcoin is stored in digital wallets – a type of computer software that connects to the Bitcoin network.

What is the best alternative to storing bitcoin at a financial institution?

The main alternative to storing your bitcoin at a financial institution is storing it yourself. This option is particularly popular for individuals who want full control of their own cryptocurrency. Within self-custody, there are three main types of crypto wallets: software wallets, hardware wallets, and paper wallets.

The World's Leading Crypto Trading Platform

Get my welcome gifts