Not your keys - Not your bitcoin.
Keeping your Bitcoin on an exchange such as Counbase is not recommended they can be hacked, go bust or the government could just decide to take over. They hold the keys to your Bitcoin - not you.
Not your keys - not your Bitcoin.
Not your keys - not your Bitcoin.
With regular money there are varying levels of security that depend on your circumstances & amounts.
You may be happy keeping £200 pounds in your wallet but not £200,000.
You may be happy keeping £200 pounds in your wallet but not £200,000.
Software Wallets
Software wallets on your phone have the convenience of always being to hand but are not as secure as Hardware wallets because they are connected to the internet.
Software wallets can be for Desktop or Mobile phone and sometimes both. Treat a software wallet like your regular wallet, for keeping a small amount - NOT your life's savings.
Lightning WalletsLightning wallets are for instant payments.
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![]() Exodus an excellent easy to use multi currency desktop wallet where you can exchange between currencies -in app- ElectrumCasa
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Hardware wallets.
Hardware wallets are NOT connected directly to the internet & only connected briefly through specially designed hardware so are virtually impossible to hack online.
Coinkite Coldcard
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Ledger
While this is probably one of the best hardware wallets- Due to PRIVACY CONCERNS I DO NOT RECOMMEND Ledger wallet UNLESS it's in conjunction with Wasabi wallet (see vid) not the Ledger Live that comes with it.
Possibly KYC AML Legislation or the wallets support for shitcoins has forced these companies to log far more privacy details than is necessary for Bitcoin only. |
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"Physical" Bitcoin
Physical Bitcoin Revolutionary ? A bit like handing over cash, physical Bitcoin is now a thing but how do you know they haven't copied your private key before hand ?
Opendime is a small USB stick that allows you to physically spend or give away Bitcoin like a dollar bill. Pass it along multiple times. Connect to any USB to check balance. Unseal anytime to spend online. Trust no one.
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![]() This is a great idea from Tangem if they can pull it off. Being bale to spend Bitcoin just like pound notes could be awesome but how do you know they're not fake ?
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Never keep your Bitcoin on an exchange!
Remove it to your storage device ASAP. Exchanges can and do go bust or get hacked or an employee can “loose” the currency.
Remove it to your storage device ASAP. Exchanges can and do go bust or get hacked or an employee can “loose” the currency.
Other resources
Here's a real good wallet guide from bitcoin.org