Topic: Best way to hold coins? (Read 887 times)
easy and simple way using ledger nano s, I am sure the money I save will be safe. or you can also save it in your own wallet not in the market this way much safer and you can directly use it when you need without having to sell it first.
Hey guys,
I've read around a bit, googled, but I know many are active traders - so I'll ask here:
Background: I have about 6 coins currently (not much) and 1 ICO (in it's own wallet, of course). Some of these are active trades, some for hold. Currently I have 1 in a Cryptopia Wallet (unsure if this will be hold or active yet) and 5 in Bittrex Wallets. I also have Exodus and mine ETH and DCR to those wallets.
What is the preference?
Thanks. Just trying to figure this all out
Whatever the trusted wallet you use as long as you can keep it that's good but not using exchange wallet (not recommended). For me i just using online wallet like MEW and also offline wallet or PC wallet.I've read around a bit, googled, but I know many are active traders - so I'll ask here:
Background: I have about 6 coins currently (not much) and 1 ICO (in it's own wallet, of course). Some of these are active trades, some for hold. Currently I have 1 in a Cryptopia Wallet (unsure if this will be hold or active yet) and 5 in Bittrex Wallets. I also have Exodus and mine ETH and DCR to those wallets.
What is the preference?
- Have my own PC-based wallet and back it up?
- Use a hard-wallet? (thinking like Trezor)
- Other?
Thanks. Just trying to figure this all out
indeed hacking happens is not entirely a hacker fault but also our fault for not being careful but it all does not require to stop using mew because in my opinion the offline wallet also has shortcomings
will be the best coin after bitcoin
Hey guys,
I've read around a bit, googled, but I know many are active traders - so I'll ask here:
Background: I have about 6 coins currently (not much) and 1 ICO (in it's own wallet, of course). Some of these are active trades, some for hold. Currently I have 1 in a Cryptopia Wallet (unsure if this will be hold or active yet) and 5 in Bittrex Wallets. I also have Exodus and mine ETH and DCR to those wallets.
What is the preference?
Thanks. Just trying to figure this all out
Whatever the trusted wallet you use as long as you can keep it that's good but not using exchange wallet (not recommended). For me i just using online wallet like MEW and also offline wallet or PC wallet.I've read around a bit, googled, but I know many are active traders - so I'll ask here:
Background: I have about 6 coins currently (not much) and 1 ICO (in it's own wallet, of course). Some of these are active trades, some for hold. Currently I have 1 in a Cryptopia Wallet (unsure if this will be hold or active yet) and 5 in Bittrex Wallets. I also have Exodus and mine ETH and DCR to those wallets.
What is the preference?
- Have my own PC-based wallet and back it up?
- Use a hard-wallet? (thinking like Trezor)
- Other?
Thanks. Just trying to figure this all out
indeed hacking happens is not entirely a hacker fault but also our fault for not being careful but it all does not require to stop using mew because in my opinion the offline wallet also has shortcomings
Hey guys,
I've read around a bit, googled, but I know many are active traders - so I'll ask here:
Background: I have about 6 coins currently (not much) and 1 ICO (in it's own wallet, of course). Some of these are active trades, some for hold. Currently I have 1 in a Cryptopia Wallet (unsure if this will be hold or active yet) and 5 in Bittrex Wallets. I also have Exodus and mine ETH and DCR to those wallets.
What is the preference?
Thanks. Just trying to figure this all out
Whatever the trusted wallet you use as long as you can keep it that's good but not using exchange wallet (not recommended). For me i just using online wallet like MEW and also offline wallet or PC wallet.I've read around a bit, googled, but I know many are active traders - so I'll ask here:
Background: I have about 6 coins currently (not much) and 1 ICO (in it's own wallet, of course). Some of these are active trades, some for hold. Currently I have 1 in a Cryptopia Wallet (unsure if this will be hold or active yet) and 5 in Bittrex Wallets. I also have Exodus and mine ETH and DCR to those wallets.
What is the preference?
- Have my own PC-based wallet and back it up?
- Use a hard-wallet? (thinking like Trezor)
- Other?
Thanks. Just trying to figure this all out
Hey guys,
I've read around a bit, googled, but I know many are active traders - so I'll ask here:
Background: I have about 6 coins currently (not much) and 1 ICO (in it's own wallet, of course). Some of these are active trades, some for hold. Currently I have 1 in a Cryptopia Wallet (unsure if this will be hold or active yet) and 5 in Bittrex Wallets. I also have Exodus and mine ETH and DCR to those wallets.
What is the preference?
Thanks. Just trying to figure this all out
Whatever the trusted wallet you use as long as you can keep it that's good but not using exchange wallet (not recommended). For me i just using online wallet like MEW and also offline wallet or PC wallet. I've read around a bit, googled, but I know many are active traders - so I'll ask here:
Background: I have about 6 coins currently (not much) and 1 ICO (in it's own wallet, of course). Some of these are active trades, some for hold. Currently I have 1 in a Cryptopia Wallet (unsure if this will be hold or active yet) and 5 in Bittrex Wallets. I also have Exodus and mine ETH and DCR to those wallets.
What is the preference?
- Have my own PC-based wallet and back it up?
- Use a hard-wallet? (thinking like Trezor)
- Other?
Thanks. Just trying to figure this all out
There are many ways to hold coins: online wallet, coin wallet, exchange...
But the safest one is put them on hard wallet: Keepkey, Trezor, Legend S
You only need keep security words. Even you lost hard wallet, you still can recover your balance
But the safest one is put them on hard wallet: Keepkey, Trezor, Legend S
You only need keep security words. Even you lost hard wallet, you still can recover your balance
For me I used trusted wallet provider because they are legit and running for a long time like blockchain.info, myetherwallet.com and waveswallet.io and we also have here on our local the coins.ph.
I also have hardwallet but I would transfer this account soon to exchange site because I can't guarantee the safety for it now because I have aged laptop.
I also have hardwallet but I would transfer this account soon to exchange site because I can't guarantee the safety for it now because I have aged laptop.
Hey guys,
I've read around a bit, googled, but I know many are active traders - so I'll ask here:
Background: I have about 6 coins currently (not much) and 1 ICO (in it's own wallet, of course). Some of these are active trades, some for hold. Currently I have 1 in a Cryptopia Wallet (unsure if this will be hold or active yet) and 5 in Bittrex Wallets. I also have Exodus and mine ETH and DCR to those wallets.
What is the preference?
Thanks. Just trying to figure this all out
I've read around a bit, googled, but I know many are active traders - so I'll ask here:
Background: I have about 6 coins currently (not much) and 1 ICO (in it's own wallet, of course). Some of these are active trades, some for hold. Currently I have 1 in a Cryptopia Wallet (unsure if this will be hold or active yet) and 5 in Bittrex Wallets. I also have Exodus and mine ETH and DCR to those wallets.
What is the preference?
- Have my own PC-based wallet and back it up?
- Use a hard-wallet? (thinking like Trezor)
- Other?
Thanks. Just trying to figure this all out
I own Trezor. But I'm using it only for long-term hodl. My daily needs are on local/online wallets. But only small amounts.
Never use Cryptopia or any other exchange as long-term wallet. Exchanges are... exchanges. To exchange coins and withdraw.
He already answered the basics.
Stop using exchanges as a wallet or you are risking to much that way.
I know we want a faster way to exchange our coins if a certain increase in price is happening but at what expense?
Use Trezor if you want or use the wallets provided by those coins. Some of them offers that or have a preferred wallet.
For long term storage, I'm planning to back up private keys and save them to two different storage. An USB and an external hard disk. With wallet of each coins in my desktop.
best way of holding bitcoin and a couple of other altcoins worth holding such as litecion is to use a cold storage. a paper wallet or an always offline computer or if you are willing to pay, a hardware wallet are examples.
the best way to hold other altcoins is in an exchange inside a stop loss order open and ready to be dumped before you lose money when the dark days of dumping starts unavoidably for all of the altcoins.
the best way to hold other altcoins is in an exchange inside a stop loss order open and ready to be dumped before you lose money when the dark days of dumping starts unavoidably for all of the altcoins.
I think the best way to save coins is with a hardware wallet since this way you avoid hacking problems, I attach a thread of btc talk where an user lost the equivalent of $ 500K apparently connected to an infected wifi network.
https://bitcointalksearch.org/topic/btceth-wallet-hacked-550k-stolen-2224214
I guess I don't need to add more details to know which is the best option
https://bitcointalksearch.org/topic/btceth-wallet-hacked-550k-stolen-2224214
I guess I don't need to add more details to know which is the best option
I bought a very cheap brand new notebook. I have been using it only for my wallets since beginning. I did not download anything to that computer. I didnt surf or do anything except using my wallets. I believe it is enough safe for me.
I use myetherwallet for ether and erc29 tokens. I fins it very handy for keeping lots of different tokens in 1 place. Beware of phishing scams, never click on links or log in if someone emailing you tells you that you need to.
I use a hardware wallet, the Nano Ledger S.
Great bit of kit.
Great bit of kit.
Hardware wallets are safest. But if you don't have huge investments then install a clean windows on a VM and install the wallets on there. Make a backup on a usb or external hd. And have 1 extra copy at a relatives house in case of a fire or something. And have the wallets and files password protected.
My business partner by the lack of any portfolio security has lost a lot. We often have to deal with hacker attacks. Unfortunately, many different forms of protection of the wallet have to be paid, but I think if someone comes to business seriously should take care of it. Too much to lose.
Hardware wallets are safest. But if you don't have huge investments then install a clean windows on a VM and install the wallets on there. Make a backup on a usb or external hd. And have 1 extra copy at a relatives house in case of a fire or something. And have the wallets and files password protected.
No worries.. I already downloaded several wallets, have paper copies of my keys, and transferred the long-term holds from Bittrex. I appreciate the help and support, it wasn't terribly difficult once I started. I already had Exodus as mentioned in one of the initial posts (I think) - so some of my coin, including my mined coin are with that wallet. Now it is just watching and waiting for the transfer back and the sell once they near the mark I'm looking for.
Thanks!
Thanks!
You should store your coins in a cold wallet like Trezor or something. You shouldnt use online wallets, because you dont know who is the owner of the server. Maybe he is going to scam you one day..
You can buy that thing, but it cost money like 100 dollars. You should use some online wallets, but only trusted wallets like Blockchain everyone i know are using it. So i assume that it is safe, because many people are using it.
I am using coinpot and blockchain to hold my bitcoins. I can also add litecoin and dogecoin to my coinpot account so its handy.
Hey guys,
I've read around a bit, googled, but I know many are active traders - so I'll ask here:
Background: I have about 6 coins currently (not much) and 1 ICO (in it's own wallet, of course). Some of these are active trades, some for hold. Currently I have 1 in a Cryptopia Wallet (unsure if this will be hold or active yet) and 5 in Bittrex Wallets. I also have Exodus and mine ETH and DCR to those wallets.
What is the preference?
Thanks. Just trying to figure this all out
I believe that the best way to store bitcoins would be to use paper wallets or hardware wallets(Trezor). These methods are way better than other methods and chances of losing our coins are rare to none. I've read around a bit, googled, but I know many are active traders - so I'll ask here:
Background: I have about 6 coins currently (not much) and 1 ICO (in it's own wallet, of course). Some of these are active trades, some for hold. Currently I have 1 in a Cryptopia Wallet (unsure if this will be hold or active yet) and 5 in Bittrex Wallets. I also have Exodus and mine ETH and DCR to those wallets.
What is the preference?
- Have my own PC-based wallet and back it up?
- Use a hard-wallet? (thinking like Trezor)
- Other?
Thanks. Just trying to figure this all out
Lykke wallet, its almost as secure as an offline wallet! Personally I think is equally secure because company offers protection is case that they stole your money, full refund!
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