This is one of the questions that so many of those being introduced to the world of cryptocurrency always ask. There are a number of reasons why you will want to know of how to store bitcoins and the safest place to store them. Considering that bitcoins carry a value within it, you will want to store it safely just to ensure that you don’t lose it and that it will be available in future as far as the need to transact using bitcoins is concerned. How can you therefore store your bitcoin?
The first way to store your bitcoin is by using the bitcoin paper wallet. It is one of the safest way to store bitcoins. If you are wondering what is, then it is important for you to understand that your bitcoin value will be represented by a paper with bitcoin seeds printed on it to represent the value of bitcoins you want to store. Bitcoin paper wallet can be created both online and offline but the basis of it is that you must understand how the digital currency works.
There are also the bitcoin hardware wallet. Some people consider it as the best bitcoin wallet basically because you will be in direct control of the wallet as a person. It is a USB stick which can carry a certain amount of bitcoin value at a time. It is the safest wallet as well because the USB stick has no personal information attached to it. This means that in case of lose, you will still be in a position to recover funds through stating the bitcoin phrase.
The bitcoin cash wallet is also said to be a physical wallet because you can store your bitcoins in physical location. The transaction of these bitcoins will however require you to pay for shipping costs because bitcoins will be send physically from one wallet to another.
I believe that some of you are wondering where to get bitcoin wallet. But this is an issue that can be answered right away. If you are really into buying and selling bitcoins through bitcoin wallets, then you will need to identify legit institutions that deal with bitcoin transaction, storage and moderation. There is a number of such platform and they include coinbase among many other platforms. Registering with such institutions will help you get the best bitcoin wallet that will suit your need both in short and in the long run.