Losing a private key means losing access to Bitcoin permanently because there is no recovery system. For long-term storage, offline wallets like hardware devices or metal backups reduce risk exposure.

Forbes contributors publish independent expert analyses and insights. Korok Ray is a PhD economist/professor who researches/teaches Bitcoin. There's been a raging debate on Twitter/X this last week ...

Some cryptocurrency investors prefer to custody their own digital assets like bitcoin with private keys stored on hardware wallets in "cold storage," versus using crypto brokerage firm "hot wallets" ...

A self-custodial Bitcoin wallet gives you full control over your private keys and funds, removing reliance on third parties. Unlike custodial wallets, where exchanges hold your assets, self-custodial ...