Bitcoin isn’t an object, it’s an encrypted address on the blockchain. What you own is a unique key that unlocks a specific bitcoin location, and that’s what you need to be protecting at all times by storing it in a wallet.The easier way to store your bitcoin and other cryptocurrency is in a digital wallet online, or locally on your smartphone or computer. But leaving your bitcoin in public view can open you up to attacks from hackers and phishing scams. That’s why the best option is a hardware wallet that stores your bitcoin offline.Most hardware wallets look like USB drives and can be easily connected to a computer. They use a PIN number for security, along with a secondary password called a “seed” in case you forget the PIN. If you forget both passwords you’re pretty much screwed, so it might be worth writing the seed down somewhere safe offline.
Topic: Best way to store Bitcoin safely ? - page 16. (Read 2650 times)
I think the best way to store BTC is through cold storage, its almost impossible to get hacked while i cold storage There are however a number of options to Keep BTC safe,you can use Hardware wallets,You can also try paper wallet but considering of creating or making it, it is time consuming. I think almost all wallets available are safe and it only depends on your carelessness on exploiting your keys.
Best way to store Bitcoin safely is to have a btc wallet that has passcode whenever you are going to open it. I'm using coins.ph it is good.
I love my Ledger Nano for long term storage for bitcoins, eth and eth tokens that I won't touch for the next 6-12 months.
I also have a ledger nano s hardware wallet and i don't encounter any problem with it by using it and it is one of the best hardware wallet that i have ever used because i was using trezor before and i didn't feel any satisfaction because of the fewer coins that is being supported by the hardware wallet and now i am happy and satisfied with ledger nano s because of the more coins supported.
Now days many hacker groups continuously attacking on ico and wallets. So you have to take precaution. And you have to use hardware wallet which is the best place to store bitcoin.
I love my Ledger Nano for long term storage for bitcoins, eth and eth tokens that I won't touch for the next 6-12 months.
I also have a ledger nano s hardware wallet and i don't encounter any problem with it by using it and it is one of the best hardware wallet that i have ever used because i was using trezor before and i didn't feel any satisfaction because of the fewer coins that is being supported by the hardware wallet and now i am happy and satisfied with ledger nano s because of the more coins supported. There are many ways to keep your bitcoins safe, one of them is similar to your method, but I think I have a method that is more efficient than yours, there is a hardware purse, if you want to store bitcoin for a long time, I suggest you use a hardware purse because it is very secure, because it does not integrate with the Internet every time, so it's free. and will be safe than the other method
I think bitcoin is virtual money and every money will definitely have the tools to keep it safely. So the best way to store bitcoin is hardwere wallet because hackers can’t hack it because they need the hardwallet to get to it. Moreover there are some online wallets as well but they are not so reliable.
There are many ways to store your bitcoin like on exchanges which is not safe, paper wallets but they are a little inconvenient etc. So, I feel hardware wallet- Ledger Nano S is the safest. But you have to buy one and it may cost you some amount but its worth to spend some money for proper and better security of your funds.
I think the best way to store BTC is through cold storage,whereas if you send bitcoin using an offline wallet it seems like it will be at risk.
I wish everyone would do so, bitcoin price will increase dramatically. Ever bitcoin have these practical applications? 
It does no longer have tons technological know-how, just purchase a hardware pockets and save nearly all your crypto in right here, that is the simplest manner in that you are by no means going to get scammed, believe me.
I love my Ledger Nano for long term storage for bitcoins, eth and eth tokens that I won't touch for the next 6-12 months.
Hi guys
I know this might sound like a newbie question, but Ive not had enough bitcoin to think about putting any in cold storage since Cryptsy ripped me off when they went down
But just lately ive built myself back up a bit, and just need to check my understanding of a creating a cold wallet is correct ? This is what I think was the best way but im not sure
1. Download latest BTC client
2. move to a pc not connected to the internet.
3. Create an address on that PC without internet.
4. Send fund to address created on PC with no internet access.
5. Save keys in safe place
Also I was wondering if there are any 100% safe third party wallets that enable quick access if needed ?
Sorry if my question has been covered many times, but I just don't want to make a big mistake.
Thanks
Rick
if you want to store your bitcoin in a safeway you should choose a wallet that is yku think comfortable and suit for your bitcoins make sure that the wallet you chose is safe and secured I know this might sound like a newbie question, but Ive not had enough bitcoin to think about putting any in cold storage since Cryptsy ripped me off when they went down
But just lately ive built myself back up a bit, and just need to check my understanding of a creating a cold wallet is correct ? This is what I think was the best way but im not sure
1. Download latest BTC client
2. move to a pc not connected to the internet.
3. Create an address on that PC without internet.
4. Send fund to address created on PC with no internet access.
5. Save keys in safe place
Also I was wondering if there are any 100% safe third party wallets that enable quick access if needed ?
Sorry if my question has been covered many times, but I just don't want to make a big mistake.
Thanks
Rick
I recommend you to use hardware wallet like trezor or ledger nano s . but i prefer ledger because it compatible with neo and nep5 tokens also. that feature is not in trezor
The first time I store my bitcoin is in blockchain.info which I think is the best online wallet, If your talking just a few dollars, yeah sure leave it on the exchange.
Best and safest ways to store your BTC is hardware wallet and/or paper Wallet.
I use Ledger Nano S and I'm very glad of it. A good alternative for it can be the wallet from Treasure, but it is more expensive and it does pretty much the same thing.
I use Ledger Nano S and I'm very glad of it. A good alternative for it can be the wallet from Treasure, but it is more expensive and it does pretty much the same thing.
I will only share my experience in saving all my crypto currency including bitcoin safely. I save my crypto currency in myetherwallet. Keep in mind that you should ensure the safety of your chosen wallet. Not necessarily myetherwallet, you can use other wallets as long as you understand the correct security procedures. You can activate all the security features available in your wallet. You can find out about what security features are offered by the wallet that you choose on google. After that, you can apply everything, including email security that you use for your wallet. Make sure that your email does not connect automatically with other email. Finally, you should check regularly on the security of your wallet and may change your password regularly.
There is a huge amount of safe storage of coins, as one of them has already said is cold storage, but I will tell you in other words, it is impossible to crack the wallet, but to crack the place where you keep the key to the wallet completely, so take care of your key and not the wallet)
I agree with you, because it provides a logical (way) that is easy to understand. about keys and wallets. keeping / securing the key becomes more important. thank you
well i think the best and secure way to store your bitcoin is to make an two duplicate wallet account. One is for your official transaction and one for your backup and storage. Of course, you need to have a unique bitcoin wallet address to make transactions. You can use Ledger nano wallet and Try also to diverse your bitcoins from different hardware you have. Criminal are being smarter and smarter and you might be the next victim and always be aware on what you've browse online.
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