Physical attacks on cryptocurrency holders are increasing, with a $5 wrench attack occurring in France every 2.5 days this year. Ledger is not the only option: crypto ETFs, smartphone passkeys, multisignature wallets, centralized exchanges and paper wallets each offer distinct benefits and risks. ETFs simplify custody and tax planning but expose investors to fees, centralized custody and possible deviations between share prices and Bitcoin’s market price. Multisignature solutions reduce reliance on a single key, while centralized exchanges make trading easier at the cost of seizure, fraud and downtime risks. Paper wallets keep keys offline, but their generation can be compromised and destruction or loss remains likely; no method is a universally ideal solution.
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