5 Ways to Protect Your Bitcoin


Bitcoin wallet security

The Bitcoin protocol itself offers high levels of security, but anyone interested in buying, selling, or using bitcoin should take steps to ensure that their bitcoins remain safe and protected. Here is our list of the top ways you can guard yourself against theft, loss, and fraud.

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1. Use a trusted bitcoin wallet

There are five basic types of wallets — hardware, desktop, web-based, mobile, and paper — and each comes with their own advantages and disadvantages. Hardware and paper have the advantage of storing your bitcoins apart from any network connections, keeping them safe from hackers and malware, but spending them requires transferring them to a “hot” or internet enabled, wallet.

Web-based, mobile, and desktop offer ease of access to online

Read more ... source: TheBitcoinNews