To date, this is the safest way to store bitcoins and other cryptocurrency assets. Why is it so remarkable? First, the device comes with pre-installed software and works as a USB device, which creates an additional security level. Secondly, the capabilities of the hardware wallet and storage are much richer, and multisig is quite significant.
Thirdly, many cryptocurrency exchange software uses a hardware wallet as a cold storage for bitcoins. This helps to increase the security of such platforms.
At the moment, there is a short list of manufacturers who offer such devices. And in their field can be identified perhaps the most vivid and marketing-oriented. They are Trezor and Ledger. The device starts from US $79. Agree, an affordable price for the safety of your cryptocurrency and bitcoin assets storage.
Deep frozen or cold cryptocurrency wallet and storage
If you still do not trust modern technologies, or just want to secure yourself to the maximum, then here's the instruction for a deep cold and frozen wallet.
Theory: we need to add another layer of security to your cold wallet.
1. Buy a hardware wallet (or make a paper wallet).
2. Save its address.
3. Transfer the required amount. After the procedure, make sure that the cryptocurrency is on it. You can create a "watch-only" wallet.
4. Buy a safe or rent a deposit box.
5. Remember the code and close it securely.
Of course, in this case, the withdrawal of money can take significantly longer. However, to store large amounts, this stage can be very useful for you. Deep cold or frozen storage is practically invulnerable (except in addition to disasters).
Multisig wallet for storing cryptocurrency assets
Deep-frozen storage sounds like a safe solution, however, for withdrawals, it is time-consuming enough, agree? An alternative to it is the multi-signature or multisig wallets.
The wallet holder becomes a certain number of people, say 3: Howard, Kim, Alice. Each of which has its own right to vote. The transaction is carried out, let's assume only if 2 out of 3 owners sign the transaction, any combination will work either as Howard and Alice, or Kim and Howard. And so on. Ideally, when a team of partners does not want to rely solely on verbal arrangements they can rely on technologies and multisig cryptocurrency wallet. Resembles smart contracts. There are many options for multi-signature. Be it 3 of 3 signatures or 1 of 3.
Cryptocurrency wallet for the platform
If you do not know how to organize work and implement a cold wallet in your platform, you can contact Merehead for advice either consultation. Our goal is to save your assets.