Beginner Help | Bitcointalksearch.org

husnanparebok

member

Activity: 182

Merit: 43

Just Post Junk Posts

Quote from: HippiePyro on November 15, 2017, 09:37:41 PM

You need to research into wallets more. You do not want to store your coins on an exchange. If they get hacked, your coins are gone. Exchanges do not have cold storage.

What you should do is take your all coins from airbitz, bittrex, coinbase and send then to a cold storage wallet for each coin. This is the safest way to store your coins

Today, I use MyEtherWallet as my alt coin wallet. Mu question : Did MyEtherWallet safe to store our coins?

Rodrigo Santos

member

Activity: 77

Merit: 10

The best way to keep coins safe is in a cold wallet.
Put in the exchange wallet only the coins you are using to trade.

SrEasts

member

Activity: 112

Merit: 12

Aida Service

As stated above you shouldn't keep your coins on exchanges due to security risks. Leave on the exchange the coins you're gonna be trading and the rest store them on cold wallets.

mirte86

member

Activity: 100

Merit: 10

I'm also a newbie , but the one thing I do know is that you don't need to keep your money on an exchange!
Keep in in a wallet. For example neo gui.

HippiePyro

full member

Activity: 504

Merit: 107

A non technical guy in a technical world

You need to research into wallets more. You do not want to store your coins on an exchange. If they get hacked, your coins are gone. Exchanges do not have cold storage.

What you should do is take your all coins from airbitz, bittrex, coinbase and send then to a cold storage wallet for each coin. This is the safest way to store your coins

oaykiran

newbie

Activity: 1

Merit: 0

Hi all,

I live in Australia.

I am a beginner, and I need some advice please.

I have an Airbitz account with a certain amount of Australian dollars in bitcoin.

I have a Bittrex trading account which I have a certain amount in Ripple and Waves.

I just opened a Coinbase account today.

I am going to get a cold storage device either from trezor or ledger. Any recommendations?

QUESTIONS:

I want to put a certain amount from my wage into Coinbase to buy Bitcoin and Ethereum. I will keep adding to this every month from my wage. I do this already with Airbitz.

After every transaction in buying bitcoin and ethereum in coinbase do i need to back it up with my cold storage device?

Do I keep the waves and ripple on the Bittrex exchange? if not, what do I do with them?

Do I transfer the bitcoins in Airbitz and put them in Coinbase then into my cold storage device?

Thank you for answering my questions.

Regards

Topic: Beginner Help (Read 256 times)