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Showing posts with the label Storing private key in apps and softwares that are local

Storing private key in apps and softwares that are local

Storing private key in apps and softwares that are local Im new to butcoin. I installed an app in my phone called Bread. And another in my computer called Electrum. Both of them generated a seed(12 words) for me and it seems that seeed is my private key in the bitcoin network. My question is: these softwares has my private key and i dont know if they stored it in remote servers. This means someone other has my private key and can access my money? This is a safe way in bitcoin culture? They are really local? I want to use safest way to work with bitcoin and i dont want store my info in any website or app that can access my account, delete my account or any other intervention. For safest way should i have my own copy of public ledger in a personal server? What is the safest way? http://ift.tt/2nidhJd