A basic overview of bitcoin storage practices (infographic) – News Bitcoin News


A basic overview of bitcoin storage practices (infographic)

In this infographic created by HolyTransaction, they go over the basics of bitcoin storage practices.

Ranging from desktop wallets, to web wallets, to hardware wallets – the infographic gives you a brief description of each storage method and what it entails.

For example, the illustration covers hardware wallets, which are physical external devices used to store a part or a whole users wallet offline. There is a huge security benefit to using this type of wallet. Private keys are secured in the device itself, and can not be transferred into plain-text. Devices can not be written to and are therefore not susceptible to malware. There are manyhardware wallets available on the market these days, from the cost effective to the more expensive devices. Whatever the choice, hardware wallets are probably the best way to secure your funds offline.

The illustration deals with all the possible storage methods used in bitcoin, even the mysterious brain wallet, which is not for the faint of heart (and not for large amounts of offline storage!).

Tags in this story
Best Practices, Bitcoin storage, Bitcoin Wallets


David Shares

David is a writer, researcher, and developer who is passionate about bitcoin and blockchain. He writes for Bitcoin.com, Blockchain.com, and is the founder of Bitcoinx.io (which was acquired by Bitcoin.com). David previously used to write and curate for Myspace and has worked in the fintech and payments space for over 15 years.

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