Thanks to record growth, Bitcoin has finally hit the mainstream news. The next question is, “How do I store it?”
Bitcoin Trader has always recommended storing Bitcoin and Cryptocurrency on a cold wallet device (like a Ledger) then placing it in a secure location. Not under the mattress. A safety deposit box within a vaulting facility, such as Guardian Vaults.
The Australian wanted to know all about it. Here’s what we told them:
Guardian Vaults, one of Australia’s largest private operators, expects healthy “cold” storage demand in the near future, and has recently started to provide services in tandem with cryptocurrency brokerages to complete high volume transactions on behalf of clients within the vault. It comes as brokerages warn storage is a critical part of cryptocurrency investment decisions.“We recommend all clients store their cryptocurrency investment on a ‘cold’ or hardware wallet,” cryptocurrency brokerage Bitcoin Trader chief executive Nathan Van Den Bosch tells The Australian.“We’ve seen many instances of people storing their cryptocurrency on exchanges which were either hacked, robbed or went insolvent.”
Peruse the complete article below:
Read more from the Guardian Vaults Blog.
And in answer to the other frequently asked question, “Is it too late to buy Bitcoin?”
Bitcoin Trader is a digital currency brokerage firm providing a buy and hold strategy for high volume cryptocurrency investments.
Disclaimer: This content is for informational purposes only. It does not constitute investment or financial advice. Any information, material or commentary is intended to provide general information only. Information contained in this document has been obtained from sources believed to be reliable, but BT Brokerage Services Pty Ltd trading as Bitcoin Trader, makes no representation as to its accuracy or completeness. Before acting on any information contained in this document, each person should consider its appropriateness having regard to their own or their clients’ individual objectives, financial situation and needs. You should obtain independent taxation, financial and legal advice relating to this information and consider it carefully before making any decision or recommendation.