Topic: How are bitcoin stored? (Read 45 times)

you should keep it carefully in your digital wallet with sufficient level of security. install a reliable locking app, each time you make extra security because bitcoin is a valuable digital asset, to anticipate unwanted things and to avoid phishing from hackers. make sure that it is safe enough.

I use exchange as I don't have pc or android. And windows phones only remains exchange. I'm new, so I don't have much, planning to buy a ledger.

Hardware wallet providers have just showed not long ago that they are not careful enough. Ledger had an ugly security issue.

So nowadays the safest way to go is air-gapped machine (computer, raspberry pi) with a wallet on it.
The air-gapped device will have to stay always offline, no internet at all and will be used for signing the transactions.
Some reading is here https://bitcointalksearch.org/topic/m.29001184

Well, I'm guessing you are trying to offer some helpful information? You have some inacuracies in there so maybe I can help clarify.

*Bitcoins are not stored in a wallet.  They are always on the blockchain which is a public ledger that anyone can see.  Bitcoin is moved around through addresses on the ledger and you can access those addresses by using a key.  Over time, to make it easy, the community has called the address and key a wallet (much easier to say and understand).
So a "wallet program" is kind of provided by the bitcoin network but "wallet program" isn't entirely accurate.

*So while the addresses on the ledger are public information, the key to access an address is what you can keep private to make that address "yours".  When people talk about different wallets, they are all just different ways to keep your address and key.

*The most secure and effective way to make sure your bitcoins are safe, is to skip all those cpu/web/app wallets and just write down your address and key on a piece of paper, and then put it in a metal safe in your home.  The blockchain is open source and public, you can access it from anywhere as long as you have your key.

*If you think that storing it on a piece of paper is too ghetto, the 2nd most secure way to store your bitcoins is using a hardware wallet like Trezor or Ledger.

*I personally do not recommend using any wallet that is on your phone, browser, or computer.  Harware wallets or paper wallets are the way to go.

Currency is money. It has some value. It can be exchanged for goods and services. It can be used to maintain a record of the cost of these goods and services. Earlier we had Gold and other metals as currency.

Bitcoins are stored on wallet which essentially serving as their own bank for the user. A wallet program is provided by the Bitcoin network which allows users to transfer bitcoin between one another. Wallets can be stored in a variety of ways
1. online wallet provider
2. CPU wallet
Paper wallet
3. Mobile wallet device
4.Smartphone apps