Which bitcoin wallet is the safest?
In the last article, the types of Bitcoin wallets, we talked about the most common methods of storing cryptocurrency today. Due to numerous requests from readers of our portal, in this article we will talk about the security of such wallets, and what kind of wallet will suit you.
Bitcoin – wallet frequent use
Depending on the treatment, you can talk about his safety. The secret keys themselves have sufficient encryption protection. Thus, it is unlikely that it will be able to be hacked, but if you lose your Bitcoin wallet, you will not be able to get your money back. In 2011 there were very big hacks of servers that have their e-currency in storage. Today it is almost impossible. In order to additionally protect your funds, you need to “secure”. Namely, create three bases of protection.
Bases of protection. Encryption, backup, multi-signature
The first basis of protection is the encryption method. The encryption method is a strong cipher that is installed on a Bitcoin wallet. At the same time, the ability to break into your encoding is very difficult. You need to know if your device is infected with a virus, then it will be possible to crack the cipher under any circumstances.
More methods include backup and multi-signature. Backup allows you to save your access in case of hacking on the main server. But, when backing up, the address lines of the user can be seen, which complicates further operations. Multi-signature has been introduced recently but is already popular. Many servers have begun to use this function; now, during transactions, they can request client signatures.
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How to install a reliable Bitcoin wallet
You can install a Bitcoin wallet yourself, provided that you have a powerful computer. But if you do not have such an opportunity, you can turn to various services to provide your security and savings services.
The price of cryptocurrency is growing in relation to demand. Everyone in our time wants to buy Bitcoin, and those who have want to definitely save it. If you are the owner of such an electronic currency, you certainly need to know how to store it. In this article, we have presented the basic methods of preserving Bitcoin purses.
In order for your choice to be correct, it’s enough to contact us for a free consultation. We will be happy to help you choose the safest and most accessible cryptocurrency storage service.