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Where and how to safely store bitcoins

The question of safe storage of money was always relevant. And when the money is digital or virtual, nothing has changed fundamentally. The owners of bitcoins are constantly faced both with real and hypothetical threats of losing their digital savings, and trying to neutralize them in various ways. This article considers the most real threat to the security of bitcoin and methods to neutralize them.

The main threat of the loss of bitcoin - cyber-attacks

The servers that store bitcoins, are regularly subjected to hacker attacks with the aim of a banal robbery. And some of these attacks are successful. And it was recently robbed of a large online storage inputs.io. Hackers have managed to bypass the security and take possession of 4100 bitcoins, which at the exchange rate at the time of the event was approximately $40 million Administrator Tradefortress blame in the incident, the vulnerability of the service and the cunning of cybercemetery who used old accounts to cheat the system two-factor authentication.

The General principles of how to store bitcoins

Cryptocurrency is not accidental is often called "virtual cash". Common features with the cash available. If ordinary cash left unattended in a public place, they quickly disappear. And just as the safety of your bitcoins should care primarily to their owners. In fact, strictly speaking, except the owner of the virtual currency in their integrity one much interested.

But how to organize secure storage of your crypto assets? The question for many is not idle. Below I shall try to answer it and give some recommendations.

First and foremost, do not trust online services. Yes, they advertise themselves, supposedly guaranteeing the safety of storage of bitcoins or any other cryptocurrency. But practice shows that these guarantees are not worth anything. Such services are often hacked by third party hackers, and in addition, they are often organized scammers who one day just disappear, along with the savings of customers. However, they are convenient to use. But between security and convenience often have to choose in real life and in cyberspace.

To store bitcoins by yourself, for example using your own offline wallet, is more complicated. It is associated with certain inconveniences, but many times safer.

To increase the security of their bitcoin wallets or access to online storage, using as passwords or code phrases is quite complex and not obvious character sets. The longer, harder and randonnee, the more reliable. And, of course, the password and passphrase should not be repeated. For each wallet, each case is a unique password, a unique code phrase. This is a General rule of computer security which is often neglected.

However, please note that online storage of cryptocurrency does not restore or reset a forgotten password. Therefore creating a very complicated password and forget it, you will lose digital currency is irreversible. We can recommend write passwords on paper and store it in a fairly safe place. For example, in the safe or hiding place that no one will know.

Storing bitcoins in your own offline wallet, you need to take care of the security of information placed on your computer. Install and activate a good antivirus program. Remember that free antiviruses are not reliable. The most reliable method of placing an offline wallet on the computer is generally not connected to the Internet, or on an external drive that is connected to the computer only when needed and not for long.

But technology does not stand still and thanks to the blockchain and the project XChainge you can get rid of all these disadvantages once and for all. Read more below.

The mission of the XChainge team is to bring the traditional financial world and the cryptoeconomy together through its technology. The solution developed by the XChainge team will allow users to trade their assets in a secure decentralized manner where the only entity in control of the assets is their owner.

What is XChainge?

You get wallet for crypto assets
The most user-friendly wallet for storage of most cryptocurrencies and tokens.

Very useful service with OTC peer-to-peer transactions such as:

-Exchange tokens on-chain and cross-chain over the counter (OTC) with no limits. They won’t even charge you for that!

-Trade physical goods in exchange for ETH or any other ERC-20 token.

-Build complex Smart Contracts for scheduled or conditional payments.

-Create crypto-derivatives – options, forwards and letters of credits for physical goods; borrow and lend digital money. XChainge makes it as easy as it is in the offline world.

-Choose one of the many available independent crowd-rated arbiters and notaries to guard your token or a physical goods deal or become one and get paid for your services.

The XChainge wallet is a core component of the XChainge platform which stores digitalassets of users. Their goal is to make the XChainge wallet а payment center that people will use to make daily transactions with XCT tokens or any cryptoassets that will be supported in the future.

I think it's a great platform for storing your cryptocurrency and buy other. I will have to use. Buy their tokens in ICO.

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