If you’re unfamiliar with the term” Bitcoin Security Consulting” this article will shed some light on it. Simply put, by hiring a consultant to protect your bitcoins you’re basically protecting yourself and your computer. Many people don’t realize that most current “mainstream” online wallet providers like PayPal and MasterCard require at least some form of proof that you know your private keys. This is all done for the convenience of the merchant (yes, those guys really are convenient) and to prevent theft of wallets from users that may be using someone else’s computer.You may find more information at bitcoin security.
However, one of the best ways in which you can safeguard your bitcoins is to use a hardware-based wallet. There are several different types available but the most popular is a hardware-based offline wallet like the Electrum wallet. With an offline wallet you keep all of your bitcoins in a separate place entirely. They’re not accessible to the internet and you never need to download any software on your computer to use them. This doesn’t mean that your bitcoins are protected 100% though. You should still have a system that monitors the network for transactions and alerts you if a transaction occurs that you didn’t make or view.
This is the best way to get the most security for your money and the most protection from theft as well. While it’s possible to store all of your bitcoins on online wallets, you still run the risk of losing them to hackers who may have control over the server. Remember, it’s very easy for someone to break into a web server and access your personal information so even the best Internet security systems are no protection from a dedicated hacker. A physical backup is the only way to truly secure your bitcoins from hackers and casual destruction. The best way to do this is to store your bitcoins in an offline wallet and only access them from a computer that is completely secure.