Is it safe to store Bitcoin in an online wallet?

1 answers

• Abildtrup WoodardJan 06, 2023 · 3 years ago
  At BYDFi, we understand the concerns about storing Bitcoin in an online wallet. While online wallets can be convenient, they do come with certain risks. That's why we recommend our users to diversify their storage methods. Storing a small portion of your Bitcoin in an online wallet for easy access is fine, but for larger amounts, consider using a hardware wallet or cold storage solution. These offline storage methods provide an extra layer of security and protection against online threats. Remember, it's always important to do your own research and choose the storage method that best suits your needs and risk tolerance.
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