How to store your cryptocurrency safelyIn the dangerous online world of hacking and computer viruses, safe storage should be your number one priority when buying cryptocurrency. Different cryptocurrency wallets exist, each with its pros and cons. An online or cloud wallet such as a bitcoin exchange is easy to use on different devices, but a third party is storing your cryptocurrency and it’s a central target for hackers. Since our focus is safe storage, we recommend you consider the offline wallets discussed below where you have more control over your cryptocurrency without any need for a third party. What’s more, storing your cryptocurrency in more than one type of offline wallet will offer you additional security. Think about these two questions when choosing a wallet:
Mobile wallet
Hardware wallet
Paper wallet
Now that you have your cryptocurrency safe and secure in an offline wallet, always remember to back up your wallet, and keep your computer and mobile device software updated. The Blockchain Academy in South Africa provides private consulting and training sessions on blockchain technology and cryptocurrencies such as bitcoin, at a time and place that suits you, so contact us to set up such a session. C. Sources About the authorSonya Kuhnel is the Managing Director of the Blockchain Academy. |