Quote from: Lucius on August 17, 2018, 12:43:55 PM

Quote from: rnssol on August 17, 2018, 12:25:08 PM

Yup but internet it self can be a danger to bitcoin storage. We might store our coins on an online wallet or an offline wallet but end up loosing our coins if the system is hacked or fails.

There is no 100% safe way to store your coins, any option has its advantages and disadvantages, so you should study every possibility and then decide what suits you best. I'll give you some examples :

- Online wallets : Most insecure way for storing your coins, user have no control over their private keys/exchange is exposed to hacking or phishing.

- Desktop wallets : Quite a safe way to store and transfer coins, but only in case your device is clean and well-protected (AV, Firewall, Antimalware).

- Hardware wallets : An excellent way to store coins, private keys are always stored inside the device, for me best option.

- Paper wallets : Good choice for long term storage, need to be created in safe environment/paper need to be stored in safe place (fire, water, etc..)

Whatever you use, using of common sense is always advisable, even a best way of protection can not protect you from the mistake caused by the human factor.

Okay understood. thank you for the detailed explanation regarding possible kinds of wallets.