If you would like to send, receive or store bitcoins, there is one thing that you should have is the bitcoin wallet. A wallet is a safe place for you to store the bitcoins. There are different types of wallets available such as desktop wallet, mobile wallet, hardware wallet and so on. However, you should choose the wallet that is less prone to scammers and fraudsters, especially if the wallet has a considerable amount of bitcoins. The bitcoin is a decentralized asset. The bitcoin is making the future of blockchain technology bright. Beginners need to learn about the significance and working of bitcoins. The best thing about bitcoins is that there is no centralized authority. It is the responsibility of the bitcoin holders to secure the wallets. You can invest in bitcoins through https://thebitcoincode.io
You must buy the bitcoin wallet that is best suited for the operating system or device. The bitcoin wallet will have the private key that is used to tell that you are the owner of the bitcoins that are in the wallet. The private key would act as connections between the owner, private key and public keys.
Here are a few tips you have to keep in mind to safeguard the bitcoins that are stored in the bitcoin wallet
Choose the hardware wallet.
With many bitcoin wallets in the market, you have to choose the best one that fits in your needs. If you are worried about the security threats, you should choose the cold wallet. You should store the bitcoins that you have with you in the hardware wallet. If you are going out for shopping, you can transfer the bitcoins that you need for shopping into the hot wallet. Many companies are offering you with the USB drives where you can store the bitcoins. It comes with an additional level of security and encryption features. The cold wallet is not connected to the internet, so there is no chance for hackers to gain access to the bitcoins in the wallet.
Keep the private key offline.
You can safeguard the private key from the hackers by keeping it offline. You can make a note of the private key either on the piece of paper or store somewhere on the electronic devices. However, ensure to keep the paper on which you have written the key away from the sunlight.
Use internet connectivity
The public networks are prone to security threats. If you have stored the bitcoin wallet on the laptop, it is not recommended for you to use the public hotspots, since the hackers may try to compromise the system and steal the public key. So, always avoid using public networks. You can only connect to your home or well-known network to check the private key. These are highly secure and are not prone to security threats.
Use up-to-date anti-virus software.
The desktops are prone to malware very quickly. The operating systems will share these malicious programs and compromise the whole system. You always make sure to keep the computer up-to-date with the anti-virus software. When there is anti-virus software, it is less prone to malware attacks and threats. Before you plug in the wallet to the system, you should scan the whole system to detect the malware. Ensure to keep the software up-to-date.
Use a strong password to access the key in the online wallet.
If you are using the online wallet, it is always recommended to use a strong password. Never give the date of birth, nickname or movie names as the password as these are easier for hackers to crack and steal the private key that is in the wallet. The statistics have proven that many people are using the same password for all the devices and services. It makes hackers easier to hack them all. Ensure to use a unique password for the wallet.
Keep a separate wallet to carry out day to day transactions.
If you want to use bitcoins in a day for groceries or other things, you should maintain a separate wallet and store some coins in it. However, there is no limit on the number of bitcoin addresses that you can store in a wallet. So, it is better to sort out the transactions and use some separately to boost the safety of the portfolio.