The storage service in cold stores of Xapo, accumulates more than 10 billion dollars in BTC. Have you ever wondered, how to secure your fortune in cryptocurrencies? Recently a report offered by TNW showed that several Bitcoin millionaires are using underground vaults around the world to secure their cryptocurrencies.
Xapo, for example, is a company based in Hong Kong that offers cold storage services and secure Bitcoin wallets. Up to this date, it is estimated that more than 10 billion dollars in BTC, are stored in the refrigerated vaults of Xapo, explains Bloomberg.
6% of all available Bitcoin is stored in one place
Approximately 6% of all the Bitcoin stock capital is stored in a single site, Xapo. This figure makes Xapo one of the largest cryptocurrency storage services in the world.
Certainly, having a safe place to store cryptocurrencies is a reason for tranquility; But, having so many cryptocurrencies in one place, is not it a reason for hackers to focus their attention on these vaults?
Xapo vaults store cryptocurrencies in undisclosed physical locations located on 3 different continents
These vaults are guarded by biometric locks and armed guards that safeguard the integrity of cryptocurrencies. The private key of the wallets, are stored in these vaults; said access, is delivered to the client if and only if, his identity has been confirmed.
The security of cryptocurrencies, has led Bitcoin millionaires to resort to these extreme storage services to safeguard their fortunes; which, make a clear difference between conventional wallets.
Bitcoin Millionaires: Blocking cryptocurrencies in remote unknown places is an ideal way to store cryptocurrencies
According to Xapo's privacy and storage policies, Bitcoin will appear in the customer's wallets 48 hours after the extraction request. This wait can be extended to 4 days if the withdrawal request is made on the weekend.
And you, ¿would you dare to store your Bitcoin in remote top secret vaults?