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Topic: Does anyone keep $10k+ Worth of BTC in Coinbase/Blockchain? (Read 2010 times)

hero member
Activity: 686
Merit: 500
IMO it'd be better to keep that much money in a paper or hardware wallet. But for me that'd be too much even for a hardware wallet.

If I were you, I'd put around $9000 in a paper wallet and keep the $1000 in a hardware wallet for daily transactions.
sr. member
Activity: 353
Merit: 250
Impossible
If $10k is not much to you if you were to lose it then I am sure there are some people out there who do so. Perhaps they want to keep a nice amount for instant spending, $10k in BTC is a nice little travel wallet if you ask me Cheesy
sr. member
Activity: 481
Merit: 250
It really depends if $10k means a lot to you, some keep up to millions of $ online exchange site. I my self only keep 5k max.
hero member
Activity: 662
Merit: 500
You shouldn't, but from the mtgox and inputs.io incident, we do know that some bitcoiners have kept a crazy amount (hundreds or even thousands of bitcoin) in their accounts.
sr. member
Activity: 860
Merit: 253
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of course not! Cold storage / hardware storage. I prefer to split it amongst different cold storages / hardware storages.
hero member
Activity: 672
Merit: 502
I don't have $10k worth of BTC but to answer your Question, No, I don't even keep $100 worth BTC in any on-line wallet/exchange.
sgk
legendary
Activity: 1470
Merit: 1002
!! HODL !!
So i posted in another forum and this is what someone told me and want your opinion on this.  I mentioned that i kept over $10000 in 5dimes previously and they said if i kept that much in a sportsbook online, then i shouldn't have any issue with keeping over $10000 in coinbase.  Do you guys agree/disagree with this statement?  For me, i would feel safer keeping $25000 on 5dimes then even $5000 on coinbase/blockchain based on what i had read about it here recently.

Honestly I don't have any experience with 5dimes, but Coinbase and Blockchain are considered to be one of the safest and trusted platforms.

Blockchain.info had some security glitch that exposed private keys of some users, but it has been apparently been fixed now.

But then again, $10,000 is a great deal of amount to keep online; regardless of the platform is trusted or not.
hero member
Activity: 770
Merit: 500
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So i posted in another forum and this is what someone told me and want your opinion on this.  I mentioned that i kept over $10000 in 5dimes previously and they said if i kept that much in a sportsbook online, then i shouldn't have any issue with keeping over $10000 in coinbase.  Do you guys agree/disagree with this statement?  For me, i would feel safer keeping $25000 on 5dimes then even $5000 on coinbase/blockchain based on what i had read about it here recently.
hero member
Activity: 674
Merit: 500
Thus keep it there without it in a paper wallet?  I read its very unsafe b/c those are hot wallets but if u plan to do transactions once a week at least, i read paper wallets are not good b/c its meant for long term storage.  Im sure there are lot of ppl that has kept this much money in their accts right?


I don't have $10000 in bitcoin in total, but I am keeping 90% of my bitcoin in a paper wallet.
legendary
Activity: 3248
Merit: 1070
no too risky, better to hold them in a cold storage, like usb, or you can build a dedicated desktop only for the bitcoin client(i find it more secure than a VM to be honest)
hero member
Activity: 686
Merit: 500
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Too much money to save on online wallet, you should keep your btc to hardware wallet like trezor, ect.
Or wallet desktop  like core and ect.
Wed
legendary
Activity: 1231
Merit: 1018
Thus keep it there without it in a paper wallet?  I read its very unsafe b/c those are hot wallets but if u plan to do transactions once a week at least, i read paper wallets are not good b/c its meant for long term storage.  Im sure there are lot of ppl that has kept this much money in their accts right?


Why not keep it yourself in your computer, im pretty sure its safer then putting in online wallet. You can always use bitcoin-core as a wallet and some anti-virus software.

Or just use Linux/Max OS X instead of Windows + Anti Virus and Anti Spyware and Firewall and some other additional applications ;-)
sr. member
Activity: 481
Merit: 250
Thus keep it there without it in a paper wallet?  I read its very unsafe b/c those are hot wallets but if u plan to do transactions once a week at least, i read paper wallets are not good b/c its meant for long term storage.  Im sure there are lot of ppl that has kept this much money in their accts right?


Why not keep it yourself in your computer, im pretty sure its safer then putting in online wallet. You can always use bitcoin-core as a wallet and some anti-virus software.
legendary
Activity: 1232
Merit: 1000
yes it definitely, while waiting for the price to the $ 10K  Grin
member
Activity: 70
Merit: 10
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Keep money in online wallets only what you can afford to loose in any case you loose Sad
sgk
legendary
Activity: 1470
Merit: 1002
!! HODL !!
Thus keep it there without it in a paper wallet?  I read its very unsafe b/c those are hot wallets but if u plan to do transactions once a week at least, i read paper wallets are not good b/c its meant for long term storage.  Im sure there are lot of ppl that has kept this much money in their accts right?

The only one who should keep $10k of Bitcoins in a hot wallet is the one who owns millions of dollars and can afford to lose $10k.
sr. member
Activity: 462
Merit: 250
You would have to be a moron or incredibly brave to do that. I keep less than 100 bucks...
hero member
Activity: 854
Merit: 1000
there are many people that do it but it is not recommended at all
legendary
Activity: 1330
Merit: 1001
The issue with paper wallet is i would be sending btc and receiving it.  So you saying keep the paper wallet on me at all times when i do these transactions?  Thing is im not looking to keep btc long term and store it somewhere like imagine i store gold or some document in a safety deposit box that i would go there every once in a while.  I would plan to do probably 10 transactions a month at the max... but definitely close to 1 a week, whether its sending the btc to sites or receiving it and then send to coinbase to sell back to bank account.



Maybe you can use an electrum seed it will be as safer as a paper wallet but easier to save all your wallets in a 12 words password.
full member
Activity: 238
Merit: 100
Presale is live!
The issue with paper wallet is i would be sending btc and receiving it.  So you saying keep the paper wallet on me at all times when i do these transactions?  Thing is im not looking to keep btc long term and store it somewhere like imagine i store gold or some document in a safety deposit box that i would go there every once in a while.  I would plan to do probably 10 transactions a month at the max... but definitely close to 1 a week, whether its sending the btc to sites or receiving it and then send to coinbase to sell back to bank account.




You don't necessarily have to keep BTC for a long time if you're using a paper wallet, in fact paper wallets are just a safer way to work with BTC, it's just like coinbase but better. It's not difficult to keep your paper wallet on you most of the time, you can put it on a USB or on your computer. If you need to use coinbase store all your btc in the paper wallet and make the transactions from there.

Paper wallets are not like deposit boxes, most people use them for long-term storage but you can work short-term with them. If it's 10k we're talking about then it's definitely worth using that kind of wallet even if it takes a bit more effort/time.
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