By far the best way to store bitcoin and crypto assets is on a hardware wallet. Trezor or ledger are industry standard. If you are only storing a few assets you don’t need to buy the best or latest product.

Always buy direct from the above companies (never second hand). Practice with a small amount first to recover from your seed (list of random words) and we’ve always found having 2 of the same device very useful. If you have a problem with 1, you can use your seed on the other/backup device to restore your wallet. It is also useful to store the backup device and a copy of your seed in a second location (just in case your house burns down), but remember to always keep the device and seed separate. For additional security, you can even consider breaking up your seed into 2 or more parts and storing them in different locations too.

Always make sure you update your hardware wallets with the latest software and just like your bank pin, it is wise to keep your pin a secret.

It may seem daunting at first, but it’s not difficult. You just need time and some patience.

After all is said and done, it’s like having your own bank branch in millions of locations (as you can take it with you wherever you go) and if something goes wrong you can go to your backup location, enter your seed and your wallet will be ready to use again.

Updated 15 Sep 2020