Post
Topic
Board Bitcoin Discussion
Re: How is the safest of the 'safest ways' to store Bitcoin?
by
qwertyup23
on 02/01/2022, 18:33:45 UTC
The answer never changed from day one. You need to store your bitcoin a wallet you hold private keys of. (and adding 2fa is always a good thing to do)

And yes, you shouldn't tell everyone that you have bitcoin.

I agree with this statement. Like what most people had advice when asking for security in storing BTCs, the answer would always be to avoid storing them into centralized or local exchanges being offered. While they may be the most convenient way of storing your BTCs as it can be easily downloaded from our respective smartphones due to its convenience, the level of security may be relatively weaker compared if you store them inside a hardware wallet.

In addition to this, never tell anyone about your private keys; in fact if it is possible, avoid telling strangers that you do own some BTC to avoid getting tracked down.