Trending: Storage Of Bitcoins In Vaults - MnTrendsNews

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Tuesday, 5 December 2017

Trending: Storage Of Bitcoins In Vaults

With rising Bitcoin prices-BTC now costing roughly $12000 , Australian vaults provider says what is trending now is that people are protecting their cryptocurrency assets in vaults.

The Guardian Vaults has been experiencing a trend in which people want to secure their Bitcoin hardware, and paper wallets woth the business in big vaults.

The firm does not use traditional vault boxes made of cement and manned by armed guards. The Australian firm uses features like biometric scanners, facial recognition, access codes and the likes in its protection business.

The Vaults Company explained;
Since not many people want to keep
their future millions under the
mattress; or their cold wallet in the
cupboard — we advocate storing your
cold wallet device in a safety deposit
box within a secure vault.

Bitcoin proponents and businesses have been exploring more secure means of protecting their crypto property.

READ ALSO - Fined In SA? You Can Now Pay Bitcoin!

It is hoped that as the value of Bitcoin and other crypto currencies increase, more means of securing Bitcoin hardware and paper wallet will be explored.
Until then, what do you think are other ways of protecting cryptocurrencies and how effective do you think vaults are in the protection business? Please we appreciate your comments and will appreciate it even more if you subscribe to our newsletter for Cryptocurrency updates. 

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