[Editors note: A recent Bitcoin exchange hack has pushed personal Bitcoin security back onto centre stage and rightly so:
- If you are new to Bitcoin make sure you do your research and learn ‘Cold Storage’ techniques for safe long term storage of Bitcoin. (Even more so if you are investing a lot of money into Bitcoin)
- For online Hot wallets and accounts, always enable Two Factor Authentification (2FA) for added security.
- If you are not actively trading , do not leave Bitcoins on centralised exchanges for extended periods]
Also Note One of the golden rules of Paper wallet usage:
- “When you need to use bitcoin in a paper wallet all the bitcoin should be swept into a wallet like Electrum or blockchain.info from where you can then spend bitcoin. Never try to spend directly from your paper wallet, and after emptying your paper wallet and making your purchases create a new paper wallet for storage”