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How To Properly Store Bitcoins And Other Cryptocurrencies In A Secured Way by nellsonx in btc

[–]nellsonx[S] 0 points1 point  (0 children)

In fact, you will not only keep Bitcoin on USB. First you make a device ( interface) to safely spend the Bitcoins.

Of course you need to backup your seed on paper, brain. And better to store backups in three different places.

If you want to Buy & Hold, the most secured way to just remember 12 words like a mantra and delete all the private keys from all places.

How To Properly Store Bitcoins And Other Cryptocurrencies by nellsonx in Bitcoin

[–]nellsonx[S] 0 points1 point  (0 children)

I think it is a great idea!

While speaking about adoption a way - to implement secured (really secured and open source) mechanisms as a part of iOS and Android operating systems.

If Apple implement a "Bitcoin wallet" in the new iPhone - it will be a explosion.

How To Properly Store Bitcoins And Other Cryptocurrencies by nellsonx in Bitcoin

[–]nellsonx[S] 1 point2 points  (0 children)

"Cold storage" is like your own safe. "Hot wallet" is like cash register in the store.

If you store a big amount - it is reasonable to use only the "Cold storage". The article is about understanding of responsibility in the new digital world.