How to store your bitcoins?

This article is going to discuss the many ways of storing your bitcoin. There are many ways of bitcoin storage and many different types of wallet software. Storing bitcoins does not involve storage of actual bitcoins per se, but involves the safe storage of the private key to the wallet addresses.

Bitcoin works based on public/private key pairs, the public key being the public address for receiving payments, the private key is used to sign the transaction to send coins from that address. Storage of the private key is stored in a ‘wallet’ and there are many different ways in which to do it, each with varying levels of security. The first wallet to be discussed is the bitcoin QT wallet which is also the reference wallet from the bitcoin core developers.

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