Hackers Want Your Bitcoin... Here’s How to Keep It Safe

Hackers Want Your Bitcoin… Here’s How to Keep It Safe

Would you travel to four different continents just to securely access your bitcoin?

It may seem like an extreme measure… But that’s exactly the security protocol one family implemented to prevent thieves from accessing their bitcoin.

There’s a reason for the hypervigilance.

Over the past couple of months, several high-profile bitcoiners have been targeted by thieves.

Last month, kidnappers held the father of a Paris-based crypto millionaire for ransom. Authorities found him two days later with a finger cut off.

A few days later, three masked men ambushed the daughter of a French crypto exchange owner and tried to kidnap her.

And as one of the most widely followed personalities in the crypto space, even Daily editor Teeka Tiwari hasn’t been spared from this kind of threat.

You’ve probably heard stories about strangers stalking Teeka’s kids on social media and hackers trying to break into his crypto accounts.

Over the past six months, I’ve travelled to Portugal, Singapore, Canada, and Las Vegas to uncover the biggest ideas on the crypto market.

Writing to you publicly, I’d be lying if I said I don’t worry about someone trying to abduct and ransom me for my bitcoin.

Despite those concerns, I can’t imagine doing anything else. It’s my goal to deliver world-class crypto research to you. And the best way to get my hands on that research is traveling the world and meeting the experts and visionaries.

But here’s the bottom line when it comes to staying safe in the digital asset world…

Whether you’re a high-profile crypto expert like Teeka or a smaller investor… It’s crucial to have proper storage solutions for your digital assets.

Not doing so could mean the difference between having a sizable retirement nest egg or losing it all to malicious actors, corporate bankruptcies, or even your own mistakes.

Many of you have been with Teeka since he recommended bitcoin back in April 2016 at $400 and change. Today, it’s trading around $110,000. That’s a 26,090% gain – enough to turn every $1,000 into $261,900.

And some of you joined Teeka when he launched his own company in March 2024. Since then, bitcoin is up 62%. That’s still a tidy sum in about one year.

With bitcoin poised to break out to all-time new highs for the second time in three weeks, I’ve received questions from many of you asking which bitcoin storage solutions are the best to keep your funds secure.

The truth is, there isn’t a one-size-fit-all solution. We all have different technical capabilities and risk tolerances.

Depending on your situation, one storage solution might be better than another.

Now, I won’t suggest you come up with a continent-spanning method to ensure your crypto holdings remain secure… But you must make sure you’re taking the necessary steps for whichever storage solution best suits your needs.

In today’s essay, I’ll share the four primary ways you can hold bitcoin and the advantages and disadvantages of each.

Option 1: Hot Wallets