Post
Topic
Board Bitcoin Discussion
Re: The right way to store Bitcoin for long term
by
jaresmerel001
on 25/01/2021, 11:03:41 UTC
The best way you can go is definitely a hardware wallet with a display on which you can confirm transactions. You should always have the recovery seed securely stored somewhere when you use a hardware wallet, in case your device breaks or is lost. You can then easily recover the entire wallet with al l the previously stored coins on it.

Why is a wallet with hardware better than a wallet with paper? You need to trust the interface you are using when you spend it out of a paper wallet as you give it your private key. It becomes unsafe after using a paper wallet, and you need to transfer your coins to a new wallet. with a hardware wallet, this will not happen, as all operations are done on it, and only the outcome is sent back to the interface.