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Where to store your Bitcoin and How?

Bitcoin has received a fair amount of accolades from the investors, despite the plummeting price in 2017, the cryptocurrency gained hype in 2019. People are now looking for investing in Bitcoin. This cryptocurrency runs on a Blockchain platform. If you too are interested in investing in Bitcoin and are willing to create a Bitcoin portfolio, then there is no better time than starting today. But, before you go ahead, you must have the right Bitcoin wallet wherein you can store Bitcoin. In this blog, we will be exploring the different ways of storing Bitcoin.

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Where to store your Bitcoin and How?

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  1. Where And How Do You Store Your Bitcoin? In spite of the dropping price in 2017, the cryptocurrency attracted hype in 2019, Bitcoin got a decent amount of incentives from investors. People are looking for an investment in Bitcoin right now. This cryptocurrency functions on a network called Blockchain. If you too, are interested in investing in Bitcoin and are prepared to build a portfolio of Bitcoin, then there is no better time to start today. But you must have the right Bitcoin wallet in which you can store Bitcoin before you go forward. We will be discussing the various ways of storing Bitcoin in this blog.

  2. Let's start now: Desktop Wallet- This is often referred to as a form of cold storage, which is not connected to the Internet. One of the major advantages of using a desktop wallet is that it is less vulnerable than easily accessible online wallets. You can access this wallet only through your desktop or PC. But they are not entirely infallible because they can fall prey to hacks, particularly if malware infects your machines. Hardware wallet- If you are looking for a safer alternative, consider a hardware wallet, usually in the form of USB sticks, and you can take them with you. None of the information is connected to the device with a hardware wallet, and thus it comes to the totally protected system. But here you have to note that if you lose the hardware, there is no way to retrieve it You need to keep the hardware secure.

  3. Paper Wallet- This is a secure choice for Bitcoin storage as well. It needs, however an understanding of how digital currencies function. So if you are looking for this option, it would help to choose a crash course in Bitcoin or a Blockchain certification course in Bitcoin. As part of this qualification, full details regarding Bitcoin, mining and Bitcoin storage will also be obtained. 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 alternative. They're simple to store and don't take up too much space. They maintain anonymity, too. It's like writing the seed of Bitcoin on paper.

  4. Physical Coins- Bitcoin investors can purchase physical Bitcoin from several businesses. A tamper-proof covering of a pre-decided amount of Bitcoin will be given for these coins. You need to pay a small premium on the value of Bitcoin to purchase these coins. So, these are some of the popular Bitcoin storage options. By learning more about them, you can collect more information about the same, or else you can also enter the Bitcoin certification programme where you can get full information about the mining and storage of Bitcoin.

  5. Conclusion- The way digital transactions operate is going to alter cryptocurrencies. Bitcoin retains its prominence and success amid the emergence of other cryptocurrencies. There's no better time than to start investing in Bitcoin today. For more details, Link with the Blockchain Council.

  6. Blockchain Council Certifications You can check out our certifications, and kick start your career in the Blockchain space today. • Certified Blockchain Expert • Certified Blockchain Developer • Certified Smart Contract Developer • Certified Solidity Developer • Certified Ethereum Developer

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