We suggest that you keep your Bitcoins or other cryptocurrencies in a private wallet, preferably in cold storage. Stored in a safe place, your wallet can protect you against computer failures or thefts and prevent the loss of your funds.

Encrypt your wallet – Limit your access to the wallet with a strong password, known only by you. Every document or file stored on your computer is vulnerable to theft, therefore encrypting your files is a good security practice.

Back up your wallet – There is no ‘‘forgot my password’’ button if you lose your private key for your Bitcoin wallet. In order to prevent losing your password and access to your private wallet due to a computer or human mistake, we recommend you store your wallet backup encrypted on multiple devices.

Offline wallet for saving – The safest place to store cryptocurrency is offline. The simplest method is to write down your private keys on a piece of paper and put it somewhere safe. A more advanced method is to buy a hardware wallet. These are devices that encrypt and store your private keys. Hardware wallets can usually connect to your computer through USB to allow you to transfer your crypto.

Note that Qovex is not a wallet provider, but rather a platform that allows users to trade cryptocurrencies with each other in a safe environment.