What Are the Safest Ways to Store Bitcoin?
Cryptocurrencies such as Bitcoin, which peaked in price in late 2017 and subsequently lost popularity, experienced a modest surge once again in 2019. When this happened, the number of publicly announced hacking incidents also increased. Given that many investors are new to the system and may not know how to keep their investments safe, hackers find ingenious ways to steal funds. Some of the most notable thefts are the ones that occur visibly: some hacks even blatantly redirect tokens linked to one wallet for another. Victims are watching their tokens stolen from them, there is nothing they can do about it.
Just like the way we keep cash or cards in a physical wallet, bitcoins are stored in a wallet, a digital wallet. The digital wallet can be web-based or hardware-based. The wallet can also be found on a computer, a mobile device, or kept safe by printing out the private keys and addresses used to access paper.