Cryptocurrency adoption has grown globally in recent years, with over 560+ million users in 2025.
This growth highlights just how important secure storage is.
As the adoption and value of crypto have increased, so have security concerns.
Last year alone, crypto-related scams and hacks resulted in over $2.2 billion in losses.
Blockchain is extremely secure, but hackers and scammers rely on human error.
Given these risks, finding the best place to hold cryptocurrency is crucial.
Material Bitcoin: Secure. Trusted. Educational.
Material Bitcoin is more than a cold wallet; it’s your gateway to crypto security and confidence. Trusted by thousands, our steel wallets keep your assets safe while our blog helps you stay informed. Whether you’re storing Bitcoin or just starting out, we’ve got you covered.
Crypto Storage Options
There are several options for storing your crypto.
Let’s begin by explaining the different types of storage available.
1️⃣ Custodial Wallets (Exchanges)
Custodial wallets are platforms where third parties, like Coinbase or Binance, manage your private keys for you.
You do not have custody of your keys, and essentially, you’re trusting these exchanges to secure and control your crypto holdings.
In February 2025, Bybit experienced the largest cryptocurrency theft in history, losing approximately $1.5 billion in assets.
This event shows the significant security vulnerabilities of custodial wallets and why you should always withdraw your crypto to a self-custodial wallet.
📤 Crypto Withdrawal Guides
Need help moving your crypto to cold storage? Our step-by-step tutorials will show you how to safely withdraw from top exchanges:
- 👉 How to Withdraw from OKX
- 👉 Transfer from Kraken to Cold Wallet
- 👉 Transfer from Binance to Cold Wallet
- 👉 Exodus Wallet Withdrawal Guide
- 👉 How to Withdraw from Bybit
🔐 Move your assets safely from exchanges to Material Bitcoin cold wallets and keep them offline where they belong.
2️⃣Hot Wallets
Hot wallets are software-based crypto wallets that are always connected to the internet.
Popular examples include MetaMask and Trust Wallet.
| ✅ Pros | ❌ Cons |
|---|---|
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3️⃣ Cold Wallets
Cold wallets are offline crypto storage solutions.
There are two main types of cold wallets available: electronic hardware wallets like Ledger and non-electronic wallets like Material Bitcoin.
Paper wallets are also considered cold storage, but we don’t recommend using them as they can easily degrade over time.
The Case for Cold Storage
When deciding the best place to hold cryptocurrency, cold storage wallets provide you with the best security advantages.
Online wallets or crypto exchanges rely on their servers and third-party platforms to function and store your keys.
The best hardware wallets are totally offline.
Which means you don’t need to worry about anyone controlling your crypto.
Expert Recommendations
Financial and crypto experts consistently advocate for cold storage as the safest option for protecting your digital assets, especially for long-term investment strategies.
Learn from the brutal mistake that billionaire and crypto investor Mark Cuban made back in 2023 when he accidentally downloaded a faulty version of MetaMask.
Always move your crypto to cold storage to avoid these types of scams and malware.
Security Precautions For Your Crypto
Given the increasing risks and cyber threats, protecting your crypto is vital.
Following basic security precautions, like using a backup wallet, updating software for electronic hardware wallets, and safely storing your seed phrases, will help reduce the risks of losing access to your crypto.
| Security Measure | How To |
|---|---|
| 🔐 Backup | Regularly back up your wallet and store copies securely on cold storage devices. |
| 🔄 Software Updates | Keep your electronic wallet’s software and OS updated to reduce vulnerabilities and stay protected. |
| 🧾 Multi-Signature | Use wallets that require multiple approvals for transactions. Only use multi-sig with people you trust. |
| 📝 Seed Phrases | Store your seed phrase safely. Use fire- and water-resistant storage like titanium or steel backups for long-term durability. Material DIY offers the perfect metal backup for your 24-word seed phrase. |
Avoiding Scams and Phishing Attacks
Social engineering and phishing attacks are some of the most common ways that cybercriminals get access to your crypto’s private keys.
A phishing scam usually targets the individual holder of the private key and manipulates them into unknowingly sharing their sensitive information and granting access to digital wallets.
Common Tricks Used by Scammers
Phishing Emails and Websites: Scammers create counterfeit websites or send deceptive emails that seem like legitimate crypto platforms. This tricks many users into entering their credentials onto the platform (exactly what had happened to Mark Cuban).
Fake Job Offers: In sophisticated schemes, even the tech-savvy can be tricked. A famous example took place in 2022, when a developer was deceived through a fraudulent job interview and shared confidential information. This resulted in a $600 million hack!
Investment Scams: These are called “pig butchering” scams, where criminals build online relationships to gain trust and eventually convince victims to invest in fake crypto schemes. Many scammers pose as crypto gurus and expert investors, promising to make you millions.
How to Protect Yourself and Prevent Scams
Always Verify Sources👉 Confirm the authenticity of emails and websites before providing any information.
Educate Yourself👉 Stay informed about common scams and tactics used by cybercriminals to recognize and avoid potential threats.
Use Metal Cold Storage👉 Using non-electronic storage is the best place to hold cryptocurrency since there is rarely any excuse to access online platforms or services in the first place.
Physical Security and Storage
In crypto security, we emphasize digital safety a lot, but you also need to protect your crypto’s physical storage.
Hardware devices are ideal for protecting you against hacks, but are susceptible to physical risks like theft, fire, or water damage.
Our suggestion is to always store your crypto wallet in a fireproof safe to protect against unauthorized access or damage from the elements.
Don’t forget to also use metal seed phrase storage.
The Best Place to Hold Your Cryptocurrency
Finding the best wallet for you depends on your needs and overall crypto goals.
But if you are searching for the best in long-term hold and safety, Material Wallets offer offline protection for your BTC, ETH, and USDT.
Material Bitcoin is a physical, non-electronic wallet.
It contains no electronic parts, screens, or batteries, eliminating all of the vulnerabilities associated with hardware wallets.
Features of Material Bitcoin
🔒🔥💧Tamper-proof Design: Made of stainless steel and resistant to fire, water, corrosion, and physical tampering.
🚫💻⚡No Electronic Components: Fully offline by design, with zero risk from malware, firmware exploits, or hardware failures.
🗄️🔐📦 Convenient & Secure Storage: Compact and durable. Perfect for safes or vaults.
Benefits Over Other Cold Wallets
🛡️❌🦠Immune to Electronic Hacking: With no USB or firmware, it’s completely safe from digital intrusion.
📈💼⏳ Perfect for Long-Term Investors: Designed for investors who want to set it and forget it.
Choosing the Right Place to Hold Your Crypto
Although many storage options exist, the best place to hold cryptocurrency is in a secure, offline cold wallet.
Material Bitcoin, as a non-electronic wallet, provides security, durability, and peace of mind.
Regardless of your choice in wallet, remember to always practice strong safety habits and keep up-to-date on crypto security so that you can confidently protect your digital assets.
FAQs
What is the safest way to store cryptocurrency?
- The safest method is cold storage, especially non-electronic wallets like Material Bitcoin, since it’s completely offline and immune to digital threats.
Why shouldn’t I leave my crypto on an exchange?
- Exchanges are frequent targets of hacks and scams. In 2024 alone, over $2.2 billion was stolen from crypto platforms. When you store crypto on an exchange, you don’t control your private keys, which means you don’t own your coins.
What’s the difference between a hardware wallet and a non-electronic wallet?
- A hardware wallet is typically a digital device that stores your private keys offline; however, a non-electronic wallet is fully non-electronic. This means there is no firmware and no risk of remote hacking.
Is Material Bitcoin good for beginners?
- Yes. It’s simple, tamper-proof, and designed for easy long-term storage without the need for software or technical setup.
Can I use Material Bitcoin to store other cryptocurrencies?
- Material Wallets come in 3 distinct wallet options: BTC, ETH, and USDT.
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