In spite of the falling price in 2017, the cryptocurrency gained hype in 2019, Bitcoin has received a fair amount of rewards from investors. People are now looking for Bitcoin to invest in. This cryptocurrency operates on a platform called Blockchain. If you too, are interested in investing in Bitcoin and are prepared to create a portfolio of Bitcoin, then there is no better time than to start today. But you must have the correct Bitcoin wallet in which you can store Bitcoin before you go ahead. We’ll be exploring the various ways of storing Bitcoin in this blog.

We’re going to get started:

Desktop Wallet- This is also known as a method of cold storage and is not connected to the internet. One of the main advantages of using a desktop wallet is that it is less vulnerable compared to easily accessible online wallets. This wallet can only be accessed via your desktop or your PC. But they are not entirely infallible, as they can fall prey to hacks, especially if malware infects your machines.

Hardware Wallet- If you’re looking for a safer option, consider a hardware wallet, usually in the form of USB sticks, and you can carry them with you. None of the information is linked to the system with a hardware wallet, and therefore it comes to the entirely secure system. But here you have to remember that in order to keep the hardware safe, if you lose it there is no way to recover it.

Paper Wallet- This is a secure option for Bitcoin storage as well. It requires, however an understanding of how digital currencies function. Therefore, if you are looking for this option, it would help to opt for a crash course in Bitcoin or a Blockchain certification course in Bitcoin. As part of this certification, complete information on Bitcoin, mining and Bitcoin storage will also be collected.

Then you can generate paper wallets online via websites that take care of this in particular, or else you can generate the wallet offline as a more secure option. These are simple to store and don’t take up too much room. They maintain anonymity as well. It’s like writing on paper Bitcoin seeds.

Physical Coins- Bitcoin investors are able to purchase physical Bitcoin from many businesses. A tamper-proof covering of a pre-decided amount of Bitcoin will have these coins. You have to pay a slight premium on the value of Bitcoin to buy these coins.

So, these are some of the popular storage options for Bitcoin. By learning more about them, you can collect more information about the same, or else you can also join the Bitcoin certificate program where you will get full information about Bitcoin mining and storage.

Conclusion- The way digital transactions operate is going to change with cryptocurrencies. Bitcoin maintains its prominence and popularity, despite the rise of other cryptocurrencies. There’s no better time than to start and invest in Bitcoin today. Connect for more details with the Blockchain Council.

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