How Do I Store Bitcoin?

Bitcoin can be stored in several types of wallets, each offering different levels of convenience and security. Hot wallets are mobile or desktop apps connected to the internet—great for everyday transactions or small balances. They’re easy to set up, intuitive to use, and ideal for beginners who want quick access.

For long-term savings, cold wallets provide stronger protection. These include hardware wallets—small devices designed to store your private keys offline. Because they never expose your keys to the internet, hardware wallets protect against malware, phishing, and remote attacks. They’re considered the gold standard for securing larger amounts of Bitcoin.

There are also custodial wallets, where a company holds your Bitcoin on your behalf. These can be simpler because you don’t need to manage recovery phrases or private keys—but you must trust the provider. A good rule of thumb is: if you don’t control the keys, you don’t fully control the Bitcoin. As you gain confidence, moving toward self-custody gives you the greatest security and independence.