Today I wanted to chat about securing your Bitcoin (Especially because of the fact that the 1st of August is most likely is going to happen) - So ... There is obviously a good and a bad way to store your Bitcoin.
![Bitcoin-security[1].jpg](https://images.ecency.com/p/3jpR3paJ37V8t3d5gG8YxUrFtTrvhgCDjjN8jFs77t14GchDnyAVqbMxM7GvyuwrTjB7nPkwLFqLAXHmXzBRUuQGAagjySPwkL92pCJEvSDMK7ubC7rMWtnVhJS6cCVkTxwFC?format=match&mode=fit)
The Bad Way:
The worst way you can go about storing your Bitcoin,Ethereum etc. is to store it on exchanges! Now I don't think exchanges are trying to steal your Bitcoin! (I'm not that paranoid haha!)
(
BUT ... Exchanges are built by people and I personally like to trust things built with Math!
Exchanges are central focuses for hack attacks and people looking to regulate the market and anything can happen! I have personally heard of someone who's account was frozen because they did not trade enough on the exchange!
The Good Way:
Store your Bitcoin and other cryptocurrencies on Hardware and Paper-based wallets.Your best bet will be to split your Bitcoin among a number of different Hardware wallets and Paper-based wallets.
Here are some suggestions for wallets I personally think are great!
If this has helped you! Don't forget to upvote it ,follow me and restreem! Thanks guys!!