{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=PL&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=How+can+I+store+Bitcoin%3F&text=Part+nine+of+Bitcoin+Basics%3A+The+phenomenon+explained+in+plain+language&text=%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EIn+part+8+of+the+Bitcoin+basics+series+we+looked+at+how+to+buy+and+sell+Bitcoin.+In+part+9+we+will+look+at+how+to+store+Bitcoin.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0ASimilarly+to+holding+large+amounts+of+paper+money%2C+holding+bitcoin+involves+taking+several+precautions+to+secure+one%E2%80%99s+wealth.+While+some+traders+-+who+spend+their+days+trading+between+Bitcoin+and+other+%3Ca+title%3D%22Is+Crypto+VIP+Club+A+Scam%3F%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fpl%2Fcrypto-vip-club%2F%22+data-replaced%3D%22true%22%3Ecryptocurrencies%3C%2Fa%3E+-+might+leave+their+%3Ca+title%3D%22Is+1K+Daily+Profit+A+Scam%3F%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fpl%2F1k-daily-profit%2F%22+data-replaced%3D%22true%22%3Ebitcoins%3C%2Fa%3E+on+an+exchange%2C+the+most+secure+way+to+hold+bitcoin+in+the+long+term+is+to+make+use+of+a+wallet.%3Cspan+style%3D%22font-weight%3A+400%3B%22%3E%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EAs+we%E2%80%99ve+covered+previously%2C+the+term+%E2%80%98wallet%E2%80%99+isn%E2%80%99t+an+entirely+accurate+description+-+some+favour+the+term+%E2%80%98keychain%E2%80%99+-+and+it%E2%80%99s+actually+further+incorrect+to+state+that+a+wallet+%E2%80%98stores%E2%80%99+bitcoins%3B+a+wallet+houses+a+user%E2%80%99s+public+and+private+keys+which+are+used+to+access+a+public+Bitcoin+address+and+sign+transactions%2C+respectively.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EBitcoin+wallets+are+available+in+a+variety+of+formats%2C+and+each+offers+unique+features+over+the+others.+Your+needs+may+vary%2C+and+it+is+important+to+take+into+account+both+one%E2%80%99s+trading+or+investment+habits+as+well+as+their+security+needs+before+committing+to+one+specific+kind+of+wallet+for+the+long+term.%3C%2Fspan%3E%0A%3Ch2%3E%3Cstrong%3EDesktop+wallets%3C%2Fstrong%3E%3C%2Fh2%3E%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EDesktop+wallets+are+software+programs+that+can+run+on+desktop+and+laptop+computers+that+run+popular+operating+systems+such+as+Microsoft+Windows%2C+Apple%E2%80%99s+macOS%2C+and+even+Linux.+The+appeal+of+desktop+wallets+places+access+to+one%E2%80%99s+bitcoin+address+directly+on+the+same+computer+that+one+might+trade+from%2C+though+these+typically+aren%E2%80%99t+as+portable+or+usable+in+the+wild+as+mobile+wallets+are.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThe+de+facto+Bitcoin+client%2C+called+Bitcoin+Core%2C+is+run+by+many+computers+around+the+world.+These+form+%E2%80%98nodes%E2%80%99+on+the+network+that+handle+the+important+task+of+relaying+transactions+-+however%2C+this+software+also+enables+users+to+create+a+Bitcoin+address+to+send+and+receive+bitcoins%2C+as+well+as+store+their+private+key.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EDesktop+wallets+such+as+Bitcoin+Core+can+be+excessively+large+to+download+and+maintain%2C+and+furthermore+requires+that+users+continuously+update+the+program+to+stay+in+lockstep+with+the+Blockchain+as+new+transactions+are+verified+and+added.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EHowever%2C+not+all+desktop+wallets+necessarily+act+as+nodes.+Some+opt+to+simply+serve+as+a+software+wallet+that+can+house+both+keys+and+are+developed+by+third+parties.+These+are+usually+far+less+cumbersome+to+download+and+maintain%2C+and+may+are+available+with+particular+features+or+focusses+that+investors+might+find+appealing.%3C%2Fspan%3E%0A%3Ch2%3E%3Cstrong%3EMobile+wallets%3C%2Fstrong%3E%3C%2Fh2%3E%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3ELike+their+desktop+counterparts%2C+mobile+wallets+are+software+programs+%28apps%29+which+one+can+install+on+their+smartphone.+Typically%2C+these+are+available+on+Apple%E2%80%99s+iOS+%28iPhones%29%2C+Android+phones%2C+and+some+are+even+available+for+Microsoft%E2%80%99s+lesser-used+Windows+Phone.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EWhere+desktop+wallets+are+relatively+mobile+and+inherently+aren%E2%80%99t+pocket-able%2C+mobile+wallets+provide+investors+and+traders+with+the+convenience+of+being+able+to+take+their+wallet+with+them+on-the-go.+This+further+allows+users+of+certain+mobile+wallets+to+make+convenient+and+quick+payments+not+only+with+bitcoin%2C+but+with+other+cryptocurrencies+as+well.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThe+trade-off+for+this+requirement+is+the+fact+that+as+smartphones+don%E2%80%99t+feature+the+processing+power+or+memory+of+most+computers%2C+mobile+wallets+do+not+download+the+entire+bitcoin+blockchain+-+instead+relying+on+a+small+%E2%80%98portion%E2%80%99+of+the+blockchain+and+thus+relay+most+transactions+through+what+are+called+%E2%80%98trusted%E2%80%99+nodes.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThis+essentially+outsources+some+of+the+computing+power+and+memory+needed+to+use+a+bitcoin+wallet+to+other+computers+linked+on+the+Bitcoin+Blockchain.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EWhile+a+mobile+wallet+houses+both+a+user%E2%80%99s+public+and+private+key+as+a+desktop+would%2C+most+mobile+wallets+take+advantage+of+either+QR-code+scanning+or+Near+Field+Communications+%28NFC%29.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EIn+the+case+of+the+former%2C+mobile+wallets+can+scan+a+QR+code+by+using+their+smartphone%E2%80%99s+camera.+The+mobile+wallet+in+question+can+then+interpret+the+code+as+another+bitcoin+wallet+address%2C+which+users+can+send+bitcoins+to.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EIn+other+cases%2C+smartphones+equipped+with+an+NFC+chip+%28like+some+of+Apple%E2%80%99s+recent+iPhones%2C+or+Samsung%E2%80%99s+Galaxy+S+phones%2C+for+example%29+which+users+can+leverage+to+facilitate+transactions.+This+enables+users+to+tap+one%E2%80%99s+phone+against+a+reader+and+send+bitcoins+without+having+to+enter+any+details+at+all.+This+is+similar+in+process+to+using+popular+services+such+as+Apple+Pay%2C+Samsung+Pay%2C+or+Android+Pay.%3C%2Fspan%3E%0A%3Ch2%3E%3Cstrong%3EHardware+wallets%3C%2Fstrong%3E%3C%2Fh2%3E%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EWhile+one+can+consider+either+desktop+computers+or+mobile+phones+as+%E2%80%98hardware%E2%80%99%2C+there+are+several+electronic+products+available+specifically+designed+to+house+one%E2%80%99s+public+and+private+key.+These+are+commonly+referred+to+as+%E2%80%98hardware+wallets%E2%80%99%2C+and+are+sometimes+used+to+facilitate+payments+as+well.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EHardware+wallets+can+closely+resemble+USB+drives%2C+though+this+can+differ+from+brand+to+brand.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EHardware+wallets+typically+function+with+an+%E2%80%98online%E2%80%99+and+%E2%80%98offline%E2%80%99+component.+This+sees+an+investor+make+use+of+an+online+wallet+that+holds+their+public+address+and+signals+which+transactions+will+be+%E2%80%98signed%E2%80%99.+To+complete+a+transaction%2C+users+will+need+to+connect+their+hardware+wallet+by+USB+into+a+computer%2C+where+a+signature+is+then+formed%2C+sent+to+the+wallet%2C+and+then+fed+into+the+Bitcoin+Blockchain.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3ESpecifically%2C+some+hardware+wallets+offer+users+the+security+of+housing+a+user%E2%80%99s+private+key+in+a+%E2%80%98protected+area%E2%80%99+on+the+device+in+question-+which+means+that+this+private+key+cannot+be+divorced+or+used+without+the+device.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E+%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3ESome+hardware+wallets+offer+a+backup+service%2C+wherein+if+they+fail%2C+become+lost%2C+or+are+damaged+a+user+can+use+a+special+key+to+restore+their+private+keys%2C+bitcoin+balance+and+transaction+histories+into+a+new+device.+These+backups+are+usually+secure+by+a+PIN+that+either+is+linked+to+the+device+or+can+be+set+by+a+user.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThe+attraction+for+many+users+is+that+hardware+wallets+do+not+fall+prey+to+viruses+that+may+target+software+wallets+from+time+to+time.+However%2C+these+devices+are+not+immune+to+corruption%2C+theft%2C+or+damage.%3C%2Fspan%3E%0A%3Ch2%3E%3Cstrong%3EPaper+wallets+%3C%2Fstrong%3E%3C%2Fh2%3E%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EOne+of+the+most+inexpensive+ways+of+securing+one%E2%80%99s+bitcoin+is+to+use+what+is+referred+to+as+a+%E2%80%98paper+wallet%E2%80%99.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EA+paper+wallet+essentially+sees+a+user+print+out+a+paper+copy+of+two+QR+codes%3B+one+is+the+public+address+where+one+receives+bitcoins%2C+and+the+other+is+the+private+key+which+one+uses+to+sign+on+outgoing+transactions.+To+use+a+paper+wallet%2C+a+user+either+scans+either+QR+code+themselves%2C+or+invites+a+transacting+party+to+do+so.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EPaper+wallets+mitigate+some+of+the+risk+of+storing+one%E2%80%99s+private+key+on+the+internet%2C+where+an+investor+would+have+to+trust+the+establishment+where+their+key+is+stored.+Thus%2C+paper+wallets+do+not+fall+prey+to+cyber+attacks+or+other+malicious+actions+where+parties+might+attempt+to+steal+bitcoins+online.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EHowever%2C+paper+wallets+carry+their+own+set+of+weaknesses.+Similarly+to+hardware+wallets%2C+paper+wallets+can+be+stolen+or+damaged%2C+and+paper+itself+degrades+over+time+-+meaning+that+users+should+take+caution+when+storing+their+paper+wallet+and+should+ideally+never+use+the+same+one+for+long+periods+of+time.%3C%2Fspan%3E%0A%3Ch2%3E%3Cstrong%3EAre+Bitcoin+wallets+safe%3F%3C%2Fstrong%3E%3C%2Fh2%3E%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EFundamentally%2C+each+type+of+Bitcoin+wallet+carries+its+own+strengths+and+weaknesses%2C+and+it+is+up+to+each+user+to+adequately+secure+their+accounts+and+select+whichever+option+is+most+convenient+or+affordable+to+them.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EWhile+online+or+software+%28desktop+or+mobile%29+wallets+carry+convenience+and+easy+access+to+the+internet+where+one+can+transact+quickly%2C+they+come+at+the+expense+of+security+and+are+a+prime+target+for+internet+hackers+seeking+to+steal+bitcoin+or+other+cryptocurrencies+over+the+web.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EConversely%2C+physical+storage+such+as+hardware+or+paper+wallets+can+easily+be+stolen%2C+can+become+damaged%2C+or+can+degrade+over+time.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EA+successful+rule+of+thumb+is+to+consider+using+several+different+kinds+of+wallets%2C+and+ensuring+that+one%E2%80%99s+allocation+of+bitcoins+does+not+exist+solely+on+one+wallet.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E+%3C%2Fspan%3E%0A%0A%3Cspan+style%3D%22font-weight%3A+400%3B%22%3EThere+are+further+steps+that+one+can+take+to+secure+their+account%2C+as+well.+Users+making+use+of+online+wallet+services+can+use+two-factor+authentication%2C+which+means+that+beyond+signing+in+with+a+username+and+suitably+complex+password%2C+they+can+input+a+special+code+from+a+device+of+their+choice+that+will+serve+as+a+%E2%80%98second+layer%E2%80%99+of+security+when+signing+in.%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%3C%2Fspan%3E%0A%0A%3Cem%3EIn+part+ten+of+our+Bitcoin+Basics+series%2C+we%27ll+be+exploring+why+you+should+invest+in+Bitcoin.%3C%2Fem%3E","timeout":15}