The key to knowing how Bitcoin wallets work is understanding that you are not actually storing the Bitcoin itself. This is because Bitcoin is not actually an object, but rather an encrypted address stored on the blockchain. What you actually own is a unique key that unlocks a specific Bitcoin location which is why protecting this key, known as your private key should be your top priority.

Hardware wallet

There are various ways to store your Bitcoin, with the most popular and secure being a cold storage device or hardware wallet. These wallets are external devices like USB sticks that you can connect to your computer and upload your private keys. One of the benefits of a hardware wallet is the complete anonymity in which you can send and receive transactions unlike an exchange where your funds are allocated to your personal account. There is no personal data linked to a hardware wallet. Another added benefit to using a hardware wallet is that because they are kept offline, they are resistant to hacks which is why choosing an exchange is the far riskier option. Most hardware wallets have a master seed which will allow you to recover your funds in the event of you physically losing your hardware wallet. This master seed should be written down and kept somewhere safe.

Paper wallet

Paper wallets are another very secure method of storing your bitcoin. They can be set up for free and truly allow you to be in control of your own investment. The keys are printed on a piece of paper in the form of QR codes which you can scan for all your future transactions.

Paper wallets are formed using a program that will randomly generate a public and a private key for you. The hardest part about storing a paper wallet is making sure it’s in a secure place that no one can gain access too. Another factor you need to be aware of is making sure your printer ink is of top quality, ensuring it will not likely fade over time as unlike a hardware wallet, there is no backup seed.

Some good paper wallet generators can be found at, and

Hot wallets

The term hot wallet refers to a wallet on an exchange which keeps a certain amount of funds online for liquidity. This is similar to how much money your bank holds at any given time. Unlike a cold storage device like a trezor or ledger, these wallets are connected to the internet 24/7.

Hot wallets are the least secure method of storing cryptocurrency but are the easiest. Many people keep their cryptocurrency on exchanges for the ease of use, allowing for quick tranfers, orders and withdrawals. Many traders opt for this method, as sending your cryptocurrency from a cold storage device to an exchange and then still having to sell can take hours. 

There are ways to make your hot wallets more secure like using 2-FA. 2-FA or two factor authentication adds an additional layer of security to your account which makes attacks from external sources much harder.

Share This

CryptoInMinutes Terms and Conditions

  1. About the Website or related Apps

1.1. Welcome to (the ‘Website or related Apps’). The Website or related Apps provides Cryptocurrency Trading tutorials and training (the ‘Services’).

1.2. The Website or related Apps is operated by CryptoInMinutes (ABN 93 549 450 853). Access to and use of the Website or related Apps, or any of its associated Products or Services, is provided by Please read these terms and conditions (the ‘Terms’) carefully. By using, browsing and/or reading the Website or related Apps, this signifies that you have read, understood and agree to be bound by the Terms. If you do not agree with the Terms, you must cease usage of the Website or related Apps, or any of Services, immediately.

1.3. reserves the right to review and change any of the Terms by updating this page at its sole discretion. When updates the Terms, it will use reasonable endeavours to provide you with notice of updates to the Terms. Any changes to the Terms take immediate effect from the date of their publication. Before you continue, we recommend you keep a copy of the Terms for your records.

1.4. All information that is provided by CryptoInMinutes is for educational purposes only. CryptoInMinutes and its representatives are not stockbrokers, financial or investment advisors and do not recommend any stocks, bonds, options, CFD’s, futures, currencies or any securities of any kind. Any financial securities that are mentioned throughout the course of training and/or Website or related Apps or other products are cited only for illustrative and educational purposes.

1.5. Investing in financial markets is risky and it is possible to lose money. It is recommended that you seek a professional licensed financial advisor prior to implementing any investment program or financial plan. CryptoInMinutes and its employees, directors, presenters, contributors and representatives do not guarantee any results or investment returns based on the training and information that you receive.

1.6. Past performance is not necessarily indicative of future results.

1.7. We may at times provide links to other Website or related Appss, companies and services. We are in no way responsible for the content of these sites and they are provided for your information only. Please refer to their Website or related Appss or companies specific terms and conditions.

1.8. You acknowledge that CryptoInMinutes and its employees and representatives have not promised you in any manner whatsoever that you will earn a profit from your personal investments or decisions based on the training and education provided.

1.9. All material, logos & content is the property of CryptoInMinutes and cannot be used for other purposes without explicit written permission. You agree not to copy, reproduce, publish or otherwise disseminate in whatsoever form or media any of the training materials or information that you will receive in or related to the training, without the written consent of CryptoInMinutes.

  1. Acceptance of the Terms


You accept the Terms by remaining on the Website or related Apps. You may also accept the Terms by clicking to accept or agree to the Terms where this option is made available to you by in the user interface.

  1. Subscription to use the Services


3.1. In order to access the Services, you must first purchase a subscription through the Website or related Apps (the ‘Subscription’) and pay the applicable fee for the selected Subscription (the ‘Subscription Fee’).

3.2. In purchasing the Subscription, you acknowledge and agree that it is your responsibility to ensure that the Subscription you elect to purchase is suitable for your use.

3.3. Once you have purchased the Subscription, you will then be required to register for an account through the Website or related Apps before you can access the Services (the ‘Account’).

3.4. As part of the registration process, or as part of your continued use of the Services, you may be required to provide personal information about yourself (such as identification or contact details), including:

(a) an email address

(b) preferred username

(c) a telephone number

(d) a password

3.5. You warrant that any information you give to in the course of completing the registration process will always be accurate, correct and up to date.

3.6. Once you have completed the registration process, you will be a registered member of the Website or related Apps (‘Member’) and agree to be bound by the Terms. As a Member you will be granted access to the Services from the time you have completed the registration process until the subscription period expires (the ‘Subscription Period’).

3.7. You may not use the Services and may not accept the Terms if:

(a) you are not of legal age to form a binding contract with; or

(b) you are a person barred from receiving the Services under the laws of Australia or other countries including the country in which you are resident or from which you use the Services.

  1. Your obligations as a Member


4.1. As a Member, you agree to comply with the following:

(a) you will use the Services only for purposes that are permitted by:

(i) the Terms; and

(ii) any applicable law, regulation or generally accepted practices or guidelines in the relevant jurisdictions;

(b) you have the sole responsibility for protecting the confidentiality of your password and/or email address. Use of your password by any other person may result in the immediate cancellation of the Services;

(c) any use of your registration information by any other person, or third parties, is strictly prohibited. You agree to immediately notify of any unauthorised use of your password or email address or any breach of security of which you have become aware;

(d) access and use of the Website or related Apps is limited, non-transferable and allows for the sole use of the Website or related Apps by you for the purposes of providing the Services;

(e) you will not use the Services or the Website or related Apps in connection with any commercial endeavours except those that are specifically endorsed or approved by the management of;

(f) you will not use the Services or Website or related Apps for any illegal and/or unauthorised use which includes collecting email addresses of Members by electronic or other means for the purpose of sending unsolicited email or unauthorised framing of or linking to the Website or related Apps;

(g) you agree that commercial advertisements, affiliate links, and other forms of solicitation may be removed from the Website or related Apps without notice and may result in termination of the Services. Appropriate legal action will be taken by for any illegal or unauthorised use of the Website or related Apps; and

(h) you acknowledge and agree that any automated use of the Website or related Apps or its Services is prohibited.

  1. Payment


5.1. Where the option is given to you, you may make payment of the Subscription Fee by way of:

(a) Credit Card Payment (‘Credit Card’)

(b) PayPal Australia Pty Limited (ABN 93 111 195 389) (‘PayPal’)

(c) Cryptocurrency Payment (‘Cryptocurrency’)

5.2. All payments made in the course of your use of the Services are made using Cryptocurrency transfer, Credit Card or Paypal (‘Paypal’). In using the Website or related Apps, the Services or when making any payment in relation to your use of the Services, you warrant that you have read, understood and agree to be bound by the Paypal terms and conditions which are available on their Website or related Apps.

5.3. You acknowledge and agree that where a request for the payment of the Subscription Fee is returned or denied, for whatever reason, by your financial institution or is unpaid by you for any other reason, then you are liable for any costs, including banking fees and charges, associated with the Subscription Fee.

5.4. You agree and acknowledge that can vary the Subscription Fee at any time and that the varied Subscription Fee will come into effect following the conclusion of the existing Subscription Period.

5.5 You agree and acknowledge that any subscription carriers with it an automatic rollover feature. At the cessation of your subscription, your subscription will be automatically renewed and you will be charged for that same service for the following period.

  1. Refund Policy will only provide you with a refund of the Subscription Fee in the event they are unable to continue to provide the Services or if the manager of makes a decision, at its absolute discretion, that it is reasonable to do so under the circumstances. Where this occurs, the refund will be in the proportional amount of the Subscription Fee that remains unused by the Member (the ‘Refund’).

  1. Copyright and Intellectual Property


7.1. The Website or related Apps, the Services and all of the related products of are subject to copyright. The material on the Website or related Apps is protected by copyright under the laws of Australia and through international treaties. Unless otherwise indicated, all rights (including copyright) in the Services and compilation of the Website or related Apps (including but not limited to text, graphics, logos, button icons, video images, audio clips, Website or related Apps, code, scripts, design elements and interactive features) or the Services are owned or controlled for these purposes, and are reserved by or its contributors.

7.2. All trademarks, service marks and trade names are owned, registered and/or licensed by, who grants to you a worldwide, non-exclusive, royalty-free, revocable license whilst you are a Member to:

(a) use the Website or related Apps pursuant to the Terms;

(b) copy and store the Website or related Apps and the material contained in the Website or related Apps in your device’s cache memory; and

(c) print pages from the Website or related Apps for your own personal and non-commercial use. does not grant you any other rights whatsoever in relation to the Website or related Apps or the Services. All other rights are expressly reserved by

7.3. retains all rights, title and interest in and to the Website or related Apps and all related Services. Nothing you do on or in relation to the Website or related Apps will transfer any:

(a) business name, trading name, domain name, trade mark, industrial design, patent, registered design or copyright, or

(b) a right to use or exploit a business name, trading name, domain name, trade mark or industrial design, or

(c) a thing, system or process that is the subject of a patent, registered design or copyright (or an adaptation or modification of such a thing, system or process),

to you.

7.4. You may not, without the prior written permission of and the permission of any other relevant rights owners: broadcast, republish, up-load to a third party, transmit, post, distribute, show or play in public, adapt or change in any way the Services or third party Services for any purpose, unless otherwise provided by these Terms. This prohibition does not extend to materials on the Website or related Apps which are freely available for re-use or are in the public domain.

  1. Privacy


8.1. takes your privacy seriously and any information provided through your use of the Website or related Apps and/or Services are subject to’s Privacy Policy, which is available on the Website or related Apps here

  1. General Disclaimer


9.1. Nothing in the Terms limits or excludes any guarantees, warranties, representations or conditions implied or imposed by law, including the Australian Consumer Law (or any liability under them) which by law may not be limited or excluded.

9.2. The Content of this Website or related Apps (together the “Content”) has been prepared by CryptoInMinutes for general information and educational purposes only and is not (and cannot be construed or relied upon as) personal advice nor as an offer to buy/sell/subscribe to any of the financial products mentioned herein. No investment objectives, financial circumstances or needs of any individual have been taken into consideration in the preparation or delivery of the Content.

Financial products are complex, entail risk of loss, may rise and fall, and are impacted by a range of market and economic factors, and you should always obtain professional advice to ensure trading or investing in such products is suitable for your circumstances, and ensure you obtain, read and understand any applicable offer document.

9.3. Subject to this clause, and to the extent permitted by law:

(a) all terms, guarantees, warranties, representations or conditions which are not expressly stated in the Terms are excluded; and

(b) will not be liable for any special, indirect or consequential loss or damage (unless such loss or damage is reasonably foreseeable resulting from our failure to meet an applicable Consumer Guarantee), loss of profit or opportunity, or damage to goodwill arising out of or in connection with the Services or these Terms (including as a result of not being able to use the Services or the late supply of the Services), whether at common law, under contract, tort (including negligence), in equity, pursuant to statute or otherwise.

9.3. Use of the Website or related Apps and the Services is at your own risk. Everything on the Website or related Apps and the Services is provided to you “as is” and “as available” without warranty or condition of any kind. None of the affiliates, directors, officers, employees, agents, contributors and licensors of make any express or implied representation or warranty about the Services or any products or Services (including the products or Services of referred to on the Website or related Apps. This includes (but is not restricted to) loss or damage you might suffer as a result of any of the following:

(a) failure of performance, error, omission, interruption, deletion, defect, failure to correct defects, delay in operation or transmission, computer virus or other harmful component, loss of data, communication line failure, unlawful third party conduct, or theft, destruction, alteration or unauthorised access to records;

(b) the accuracy, suitability or currency of any information on the Website or related Apps, the Services, or any of its Services related products (including third party material and advertisements on the Website or related Apps);

(c) costs incurred as a result of you using the Website or related Apps, the Services or any of the products of; and

(d) the Services or operation in respect to links which are provided for your convenience.

  1. Limitation of liability


10.1.’s total liability arising out of or in connection with the Services or these Terms, however arising, including under contract, tort (including negligence), in equity, under statute or otherwise, will not exceed the resupply of the Services to you.

10.2. You expressly understand and agree that, its affiliates, employees, agents, contributors and licensors shall not be liable to you for any direct, indirect, incidental, special consequential or exemplary damages which may be incurred by you, however caused and under any theory of liability. This shall include, but is not limited to, any loss of profit (whether incurred directly or indirectly), any loss of goodwill or business reputation and any other intangible loss.

  1. Termination of Contract


11.1. The Terms will continue to apply until terminated by either you or by as set out below.

11.2. If you want to terminate the Terms, you may do so by:

(a) providing with 30 days’ notice of your intention to terminate; and

(b) closing your accounts for all of the services which you use, where has made this option available to you.

Your notice should be sent, in writing, to via the ‘Contact Us’ link on our homepage.

11.3. may at any time, terminate the Terms with you if:

(a) you have breached any provision of the Terms or intend to breach any provision;

(b) is required to do so by law;

(c) the provision of the Services to you by is, in the opinion of, no longer commercially viable.

11.4. Subject to local applicable laws, reserves the right to discontinue or cancel your membership at any time and may suspend or deny, in its sole discretion, your access to all or any portion of the Website or related Apps or the Services without notice if you breach any provision of the Terms or any applicable law or if your conduct impacts’s name or reputation or violates the rights of those of another party.

  1. Indemnity


12.1. You agree to indemnify, its affiliates, employees, agents, contributors, third party content providers and licensors from and against:

(a) all actions, suits, claims, demands, liabilities, costs, expenses, loss and damage (including legal fees on a full indemnity basis) incurred, suffered or arising out of or in connection with Your Content;

(b) any direct or indirect consequences of you accessing, using or transacting on the Website or related Apps or attempts to do so; and/or

(c) any breach of the Terms.

  1. Dispute Resolution


13.1. Compulsory:

If a dispute arises out of or relates to the Terms, either party may not commence any Tribunal or Court proceedings in relation to the dispute, unless the following clauses have been complied with (except where urgent interlocutory relief is sought).

13.2. Notice:

A party to the Terms claiming a dispute (‘Dispute’) has arisen under the Terms, must give written notice to the other party detailing the nature of the dispute, the desired outcome and the action required to settle the Dispute.

13.3. Resolution:

On receipt of that notice (‘Notice’) by that other party, the parties to the Terms (‘Parties’) must:

(a) Within 7 days of the Notice endeavour in good faith to resolve the Dispute expeditiously by negotiation or such other means upon which they may mutually agree;

(b) If for any reason whatsoever, 14 days after the date of the Notice, the Dispute has not been resolved, the Parties must either agree upon selection of a mediator or request that an appropriate mediator be appointed by the President of the Australian Mediation Association or his or her nominee;

(c) The Parties are equally liable for the fees and reasonable expenses of a mediator and the cost of the venue of the mediation and without limiting the foregoing undertake to pay any amounts requested by the mediator as a pre-condition to the mediation commencing. The Parties must each pay their own costs associated with the mediation;

(d) The mediation will be held in New South Wales, Australia.

13.4. Confidential

All communications concerning negotiations made by the Parties arising out of and in connection with this dispute resolution clause are confidential and to the extent possible, must be treated as “without prejudice” negotiations for the purpose of applicable laws of evidence.

13.5. Termination of Mediation:

If 60 days have elapsed after the start of a mediation of the Dispute and the Dispute has not been resolved, either Party may ask the mediator to terminate the mediation and the mediator must do so.

  1. Venue and Jurisdiction


The Services offered by is intended to be viewed by residents of Australia. In the event of any dispute arising out of or in relation to the Website or related Apps, you agree that the exclusive venue for resolving any dispute shall be in the courts of New South Wales, Australia.

  1. Governing Law


The Terms are governed by the laws of New South Wales, Australia. Any dispute, controversy, proceeding or claim of whatever nature arising out of or in any way relating to the Terms and the rights created hereby shall be governed, interpreted and construed by, under and pursuant to the laws of New South Wales, Australia, without reference to conflict of law principles, notwithstanding mandatory rules. The validity of this governing law clause is not contested. The Terms shall be binding to the benefit of the parties hereto and their successors and assigns.

  1. Independent Legal Advice


Both parties confirm and declare that the provisions of the Terms are fair and reasonable and both parties having taken the opportunity to obtain independent legal advice and declare the Terms are not against public policy on the grounds of inequality or bargaining power or general grounds of restraint of trade.

  1. Severance


If any part of these Terms is found to be void or unenforceable by a Court of competent jurisdiction, that part shall be severed and the rest of the Terms shall remain in force.