Bit Coin Wallet - page 2. | Bitcointalksearch.org

88coins

newbie

Activity: 8

Merit: 0

Quote from: HabBear on September 17, 2017, 10:03:15 PM

Quote from: 88coins on September 17, 2017, 05:55:31 PM

I have 2 bitcoins i am keeping it my exchange where i purchased it. is it safe to keep in exchange wallet ??..

Which exchange? Some have better reputations than others.

More importantly, though, why do you want to keep it in an exchange? There are a lot of save cold wallets or mobile wallets that eliminate the risk of working with a third party.

Here's a site that allows you to best compare your options -- https://bitcoin.org/en/choose-your-wallet -- but keep in mind that this site doesn't evaluate all wallets that are available.

Zebpay

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

If the exchange you're storing your bitcoins in gets fucked, you get fucked along with them. Depending on what device your using, I would suggest Copay if you're an android user or Electrum if you prefer storing your bitcoin in your windows computer. But since you have 2 bitcoin, I'm gonna assume you can afford hardware wallets so I'd personally purchase a Ledger Nano S or a Trezor for more extra security.

It's really important that you have control over your wallet's private keys.

HabBear

hero member

Activity: 1106

Merit: 638

Quote from: 88coins on September 17, 2017, 05:55:31 PM

I have 2 bitcoins i am keeping it my exchange where i purchased it. is it safe to keep in exchange wallet ??..

Which exchange? Some have better reputations than others.

More importantly, though, why do you want to keep it in an exchange? There are a lot of save cold wallets or mobile wallets that eliminate the risk of working with a third party.

Here's a site that allows you to best compare your options -- https://bitcoin.org/en/choose-your-wallet -- but keep in mind that this site doesn't evaluate all wallets that are available.

Cryptomover

newbie

Activity: 41

Merit: 0

Quote from: Immakillya on September 17, 2017, 07:02:05 PM

If you are going to keep it, then keep it to your wallet. There's a lot of trusted wallet. Mycelium and Electrum is what i preferred most. You have full control to your funds because you have access to your private keys. Unlike exchange hot wallets, you don't have access to your private keys. Also exchanges and web wallets are not safe to use since they are the most prone from hacking causing the funds stole by hackers.

As i said, if you're gonna keep it for long time. Store them to your wallets and make sure that your decice is safe and protected with antivirus. Or better store them on cold wallet, hardware wallet like ledger or paper wallet and store them to safety deposit box.

Indeed, for short-medium term store them in desktop wallets like Mycelium and Electrum, while for long-term holding its better to buy a hardware wallet like Trezor and Ledger. Paper wallets are a bit more difficult to create and keep but its a cheaper alternative to hardware wallets.

Immakillya

sr. member

Activity: 560

Merit: 269

If you are going to keep it, then keep it to your wallet. There's a lot of trusted wallet. Mycelium and Electrum is what i preferred most. You have full control to your funds because you have access to your private keys. Unlike exchange hot wallets, you don't have access to your private keys. Also exchanges and web wallets are not safe to use since they are the most prone from hacking causing the funds stole by hackers.

As i said, if you're gonna keep it for long time. Store them to your wallets and make sure that your decice is safe and protected with antivirus. Or better store them on cold wallet, hardware wallet like ledger or paper wallet and store them to safety deposit box.

88coins

newbie

Activity: 8

Merit: 0

I have 2 bitcoins i am keeping it my exchange where i purchased it. is it safe to keep in exchange wallet ??..

Topic: Bit Coin Wallet - page 2. (Read 931 times)