Over the past few years, storing your Bitcoins has become a major cause of concern and with a lot of malware with Bitcoin stealing capabilities flooding the internet, this has become an even bigger cause of concern. Mt. Gox, which was one of the leading Bitcoin exchanges suspended its operations in February 2014, and it claimed that over 850,000 bitcoins were missing, which had a value of around  $450 million at that time. All of this conveys that there should be a much advanced level of security in the Bitcoin ecosystem.