12 Ways to Store Your Bitcoins

#12 Storing Bitcoins on an Exchange

Storing Bitcoin on an exchange is one of the most popular ways that new users store their coins. However, it isn't a very secure way as the exchange where your coins are can get hacked.

#11 Storing Bitcoins on an Online Wallet

Another quite convenient way to store Bitcoin is in an online wallet. This way is still insecure because online wallets can get hacked or your account could be compromised.

#10 Storing Bitcoins in a Desktop Wallet

Desktop wallets are one of the more preferred ways to store your coins as the private keys are fully in your possession.

#9 Storing Bitcoins in a Mobile Wallet

Mobile wallets are also good because you have control over the private keys.

#8 Storing Bitcoins on a Hardware Wallet

Hardware wallets are the most secure because the keys are protected by a piece of hardware. They might not be as convenient as other solutions, but may be worth exploring if you are storing a large amount of coins.

#7 Storing Bitcoins on a Paper Wallet

Paper wallets are inconvenient to print but are a very secure way of storing your coins as they do not have to touch the internet.

#6 Storing Bitcoins on a Multisignature Wallet

Multisig wallets are great solutions for corporations or big companies looking to implement BItcoin.

#5 Burying your Bitcoins

If you are paranoid you could bury your paper wallet or hardware wallet in the ground, protecting it from robbery or a fire.

#4 Storing Bitcoins on your body

Tattooing a ciphered seed on your body may sound ridiculous at first, but it is a way to store coins in a way you would never forget.

#3 Storing Bitcoins in your Bank

Using a bank's safety deposit box you can save a paper or hardware wallet without anybody's knowledge.

#2 Storing Bitcoins on Physical Coins

Physical coins can be stored like jewelry and are also a cool collectors item.

#1 Storing Bitcoins in plain sight

Using stenography is a great way to hide Bitcoins in plain sight. One could embed some data into an image and effectively hiding his fortune in a boring painting.

Checkout the full article below, we also included a cool puzzle with a reward at the end. Read the full article @ themerkle.com