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    Author Topic: More secure ways of storing bitcoin?  (Read 620 times)
    Altryist
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    October 22, 2023, 10:52:54 AM
     #61

    Many people like to store their coins in different forms. If you ask how a big institution stores the coins, then they might be using their own custodial wallets. But if you are an individual who wants to store these hard earned coins more securely, then hardware wallets are the right option for it. Always avoid online wallets, as here you don’t completely own the coins. If you are holding big amount of coins, then Ledger is the best choice, else Electrum can do the work.
    Ledger may not be the best hardware wallet available, they have many worthy competitors.. If the investment amount is not large, then Ledger will be enough, but if the investment becomes very significant, then you should think about more reliable cold wallets. In addition, Ledger has different models, which also needs to be taken into account, but you are right that a hardware wallet will be much safer than storing coins on Electrum or other online wallets.
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