5 Solutions to Store and Secure Your Bitcoins Outside of Trading Platforms

Some are better than others and you have to know this before making your choice.

In the stories I write about Bitcoin, I frequently explain that if you don’t own the private keys associated with your Bitcoins, then they don’t belong to you. So as long as your Bitcoins are on trading platforms such as Binance, Coinbase or Kraken, your Bitcoins are not really yours.

One hack into the platform where the private keys to your Bitcoins are stored and you can lose everything. The many platform hackings that have taken place since the creation of Bitcoin should alert you to the danger of leaving your Bitcoins on these platforms.

Many have lost a lot of money in this way. Recently, someone asked me what solutions to consider when storing Bitcoins outside of trading platforms.

In this story, I will show you 5 solutions to store your Bitcoins outside of trading platforms, each with its advantages and disadvantages.