What is an ideal way to store your Bitcoin? There are so many options to choose from. Indeed, choosing a bitcoin wallet is similar to choosing a regular wallet. Obviously, you want to make sure that your digital money is protected. However, there are so many options on the market.
First of all, the wallet is featured on the Bitcoin’s website. So, I know it’s a legit wallet. Second, keeping my private keys offline will help me minimize risks of losing my money. Not long ago, the company Everett got robbed by hackers on Coinbase, another example is the crypto exchange Bitfinex that lost about $72 million because of the hackers. In addition to all that, exchanges can go bankrupt. It means your digital money can go down the drain. A while ago the company Mt Gox lost 850,000 bitcoins and about $28M of user money.
Anyway, let’s get started... First, I am going to download Electrum... Watch the screencast and let us know if you have any questions.