BTC Direct launches its own offline wallet for Bitcoin buyers

If you buy Bitcoin or another crypto currency at BTC Direct, you can also store it here, they do that through an offline wallet.

Buying cryptocurrency takes a few steps. First, you must have a wallet with a receiving address to send the crypto to. BTC Direct takes this step away by offering an offline wallet to customers. This way you can not only trade, but also store your coins on BTC Direct. That is nice for traders who prefer to do everything on one platform.

BTC Direct wallet

Purchased coins such as Bitcoin or Ethereum are stored offline for customers by BTC Direct in-house. Should the company fall victim to an attack for whatever reason, your coins are always safe. It is an extension to the services the site already had, such as being an exchange office for all kinds of cryptocurrency. Having your own wallet or receiving address is then no longer necessary.

Nijmegen-based BTC Direct is a well-known cryptocurrency provider in the Netherlands. They are of course not alone. Other well-known parties among Dutch people include Litebit and Bitvavo.

Anyone planning to trade at various trading offices, nationally and internationally, is better off with their own wallet in this way. It is best to have a hardware wallet that you know for sure that malicious parties cannot access it.