To store your cryptocurrencies, such as Bitcoin or Ether, it is necessary to open a digital wallet on the blockchain. To secure your assets, it is advisable to invest in a cold storage solution, or hardware wallet. This wallet takes the form of a USB key. Without this physical key, it is impossible to access your currencies.
To ensure the security of your hardware wallet, Brink’sa company specializing in security, and Metaco, a Swiss firm that provides infrastructure for storing cryptocurrencies, offer to hide it in a remote safe. In the event of a robbery or an attack on your home, it will be impossible for the thief to seize your treasure in crypto-assets.
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Storing your cryptocurrencies in a secret safe is possible
Strong of a “global network of vault sites”Brink’s offers hide your wallet in a secret place. As part of this agreement, Metaco combines the security of its software infrastructures with the expertise of Brinks and its “End-to-end secure physical backup solution”.
This partnership also aims to enable you to recover your cryptocurrencies in case of loss of your hardware wallet in the event of a disaster, such as a fire. In this case, the client creates a copy of his wallet. “Our customers have a complete disaster recovery solution”, explains Seamus Donoghue, vice president of strategic alliances at Metaco. A holder can create as many copies as they wish to reduce the risk of loss.
It is common for investors lose access to their cryptocurrencies by mistake. Last year, we brought you the story of this young man who was forced to say goodbye to more than 40,0000 euros in Bitcoin after forgetting his wallet password. According to a study by Chainalysis, a company specializing in the study of the blockchain, 20% of the 18.5 million bitcoins already mined are also blocked on wallets lost forever.
Unsurprisingly, this ultra-secure storage solution is primarily aimed at institutional and corporate investors who hold large amounts of cryptocurrencies. “Our partnership adds an essential service for institutional customers in transporting and storing physical key backups in multiple secure vaults,” welcomes the head of Brink’s, ensuring that the company meets market demand.