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Topic: How and where do I store my bitcoins? (Read 6554 times)

hero member
Activity: 896
Merit: 514
January 06, 2017, 02:31:52 PM
I actually store my bitcoins in my electrum wallet in my laptop. its safe. I also advice every one to not store bitcoins in exchanges. Already, we have seen some exchanges hacked.
you are right electrum wallet is much more safe and secure and no one can hack your bitcoin from electrum wallet and i think online wallet is not safe and anyone can hack online wallet easily.
legendary
Activity: 1120
Merit: 1000
January 05, 2017, 03:55:56 PM
You can store it at Bitcoin Wallet, Blockchain for the safest. And I will suggest that create many wallet if you have a large amount of bitcoin for Protection for hackers. If not one wallet is enough. Store your bitcoins at your wallet and don't share it for anyone for you and your money to be safe.
yes not only blockchain, but yobit and xapo are also trusted wallets where you can store your bicoin , but i think the important thing is that you should not keep your bitoin in one place, because if you are keeping them in one place in a big amount then you are increasing the risk of stealing your bitcoins.
i think i will prefer blockchain the most trusted online wallet, i think your money is about 100 % safe here, you just need to prevent your key from the hackers, because they search for such account from where they can easily get bitcoin.
hero member
Activity: 3010
Merit: 794
January 05, 2017, 09:03:37 AM
I actually store my bitcoins in my electrum wallet in my laptop. its safe. I also advice every one to not store bitcoins in exchanges. Already, we have seen some exchanges hacked.
You are right its not really safe to store bitcoins on exchange wallets and as you said possibilities of getting hacked is there and the risk of losing our hard earned bitcoin is there also.I would like really like to suggest to store bitcoin on hardware wallets because you do have the full control on it as long you posses the private keys the security would really be more secure.
sr. member
Activity: 392
Merit: 250
January 05, 2017, 08:41:27 AM
I actually store my bitcoins in my electrum wallet in my laptop. its safe. I also advice every one to not store bitcoins in exchanges. Already, we have seen some exchanges hacked.
sr. member
Activity: 247
Merit: 250
January 03, 2017, 04:52:30 PM
You can store it at Bitcoin Wallet, Blockchain for the safest. And I will suggest that create many wallet if you have a large amount of bitcoin for Protection for hackers. If not one wallet is enough. Store your bitcoins at your wallet and don't share it for anyone for you and your money to be safe.
yes not only blockchain, but yobit and xapo are also trusted wallets where you can store your bicoin , but i think the important thing is that you should not keep your bitoin in one place, because if you are keeping them in one place in a big amount then you are increasing the risk of stealing your bitcoins.
legendary
Activity: 2018
Merit: 1108
January 03, 2017, 10:05:49 AM
You can store it at Bitcoin Wallet, Blockchain for the safest. And I will suggest that create many wallet if you have a large amount of bitcoin for Protection for hackers. If not one wallet is enough. Store your bitcoins at your wallet and don't share it for anyone for you and your money to be safe.
Blockchain is not a wallet, it's a system which is used by bitcoin and i would recommend you to learn first : http://www.investopedia.com/terms/b/blockchain.asp
but if you are reffering to blockchain.info then i will point out that it's not the safest option because it's basically online wallet which make your private key saved in their database so your private key is not secret anymore, i'm myself will recommend sort of desktop wallet or even hardware wallet
You have a point. The safest wallet is paper wallet, whom can be saved in your desktop. What you need to use that wallet is to save your private key in order to open it. That is the best way if you would tend to "stock" your bitcoin. The only disadvantage of it is that, you can not open it from other desktop or device so if you lost your desktop or malware run in it, there is a possibility that you could not open it anymore

Paper wallets aren't supposed to be used after you have spent the coins from it. The best way is to just spend a paperwallet and then create new one to receive new coins in. It's probably for the best to print a bunch of private keys at once.

What I would suggest for the OP is either a paper wallet (given you know how to properly store them) or simply a Trezor or other hardware wallet. With paper wallets you would have to be extremely careful though. They are only safe if handled right.
sr. member
Activity: 910
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
January 03, 2017, 07:58:21 AM
You can store it at Bitcoin Wallet, Blockchain for the safest. And I will suggest that create many wallet if you have a large amount of bitcoin for Protection for hackers. If not one wallet is enough. Store your bitcoins at your wallet and don't share it for anyone for you and your money to be safe.
Blockchain is not a wallet, it's a system which is used by bitcoin and i would recommend you to learn first : http://www.investopedia.com/terms/b/blockchain.asp
but if you are reffering to blockchain.info then i will point out that it's not the safest option because it's basically online wallet which make your private key saved in their database so your private key is not secret anymore, i'm myself will recommend sort of desktop wallet or even hardware wallet
You have a point. The safest wallet is paper wallet, whom can be saved in your desktop. What you need to use that wallet is to save your private key in order to open it. That is the best way if you would tend to "stock" your bitcoin. The only disadvantage of it is that, you can not open it from other desktop or device so if you lost your desktop or malware run in it, there is a possibility that you could not open it anymore
hero member
Activity: 3038
Merit: 526
Leading Crypto Sports Betting & Casino Platform
January 01, 2017, 11:32:34 PM
You can store it at Bitcoin Wallet, Blockchain for the safest. And I will suggest that create many wallet if you have a large amount of bitcoin for Protection for hackers. If not one wallet is enough. Store your bitcoins at your wallet and don't share it for anyone for you and your money to be safe.
Blockchain is not a wallet, it's a system which is used by bitcoin and i would recommend you to learn first : http://www.investopedia.com/terms/b/blockchain.asp
but if you are reffering to blockchain.info then i will point out that it's not the safest option because it's basically online wallet which make your private key saved in their database so your private key is not secret anymore, i'm myself will recommend sort of desktop wallet or even hardware wallet
hero member
Activity: 826
Merit: 501
January 01, 2017, 10:44:40 PM
You can store it at Bitcoin Wallet, Blockchain for the safest. And I will suggest that create many wallet if you have a large amount of bitcoin for Protection for hackers. If not one wallet is enough. Store your bitcoins at your wallet and don't share it for anyone for you and your money to be safe.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
January 01, 2017, 02:30:33 PM
I have less than 10  in localbitcoins and about 5 each on BTCC and their justpay wallet.

I don't trade actively, just buying around 1 coin every week or two since a few months ago.

Should I be considering some secured wallet?
If you are just purely buying bitcoin every week and dont have intention on trading or investing it then you must really purchase some hardware wallet so that your bitcoin would be safe and it on all of your control and you should not put it on web wallets because its too risky because you didnt posses the private key.
Yeah, if you want some secure wallet then hard ware wallets is the best and don't ever trust web wallet because there is a high risk by using that. Or if you want some cheap and high secured wallet then paper wallet might suit for your needs because you just need to create a paper wallet document then print it and keep it to a safe dry place and there you go, You have a cold storage for your bitcoin and you can store bitcoin as many as you can.
Hardware wallets are not that safe in my personal opinion, there are risks that your pc could get infected with a virus or a malware, which then he will use it to steal your private key and take all your balance.

Currently I am using online wallets like Xapo and Coinbase, I feel better with them as they have a SMS verification when someone tries to log on from a different IP.

I'm thinking mostly along these lines myself

If you you want a bulletproof method of storing bitcoins and have quite a few of them (which would justify using this method), create a totally offline wallet, encrypt the private key with a password, then print out a few copies and after that save them in different places (a bank deposit box and home safe would be the best choice). If you need your coins on a pretty regular basis, for example, for trading, store some amount in a web wallet with an SMS verification, thereby rendering yourself invulnerable to any variety of viruses, trojans or key-loggers that may infest your desktop computer
hero member
Activity: 686
Merit: 521
January 01, 2017, 02:13:50 PM
I have less than 10  in localbitcoins and about 5 each on BTCC and their justpay wallet.

I don't trade actively, just buying around 1 coin every week or two since a few months ago.

Should I be considering some secured wallet?

of course, you should be considering a secured wallet because you are having a huge amount of bitcoin . if you are looking for highly secured wallet then web wallets can't be recommended for you, maybe you should install a hard wallet to your pc and make sure you won't be attacked by a botnet or any malware . I guess installing a hard wallet on Linux OS especially Tails OS is the best .
Looking at the rate you are acquiring your bitcoins it would be the right time to consider a hard wallet like multibit or  a secure web wallet like blockchain.info and just remember to keep your  mnemonic safe should you ever run into problems with your wallet.
legendary
Activity: 1442
Merit: 1025
January 01, 2017, 01:17:26 PM
I have less than 10  in localbitcoins and about 5 each on BTCC and their justpay wallet.

I don't trade actively, just buying around 1 coin every week or two since a few months ago.

Should I be considering some secured wallet?
If you are just purely buying bitcoin every week and dont have intention on trading or investing it then you must really purchase some hardware wallet so that your bitcoin would be safe and it on all of your control and you should not put it on web wallets because its too risky because you didnt posses the private key.
Yeah, if you want some secure wallet then hard ware wallets is the best and don't ever trust web wallet because there is a high risk by using that. Or if you want some cheap and high secured wallet then paper wallet might suit for your needs because you just need to create a paper wallet document then print it and keep it to a safe dry place and there you go, You have a cold storage for your bitcoin and you can store bitcoin as many as you can.
Hardware wallets are not that safe in my personal opinion, there are risks that your pc could get infected with a virus or a malware, which then he will use it to steal your private key and take all your balance.

Currently I am using online wallets like Xapo and Coinbase, I feel better with them as they have a SMS verification when someone tries to log on from a different IP.
sr. member
Activity: 462
Merit: 250
December 25, 2016, 07:19:29 PM
I have less than 10  in localbitcoins and about 5 each on BTCC and their justpay wallet.

I don't trade actively, just buying around 1 coin every week or two since a few months ago.

Should I be considering some secured wallet?
If you are just purely buying bitcoin every week and dont have intention on trading or investing it then you must really purchase some hardware wallet so that your bitcoin would be safe and it on all of your control and you should not put it on web wallets because its too risky because you didnt posses the private key.
and if you still want to use online wallet then you should put your bitcoin in blockchain, as bitcoin is the most secure and trusted online wallet system, where you bitcoin will be more safe as compare to other wallets,
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
December 25, 2016, 05:36:53 AM
I have less than 10  in localbitcoins and about 5 each on BTCC and their justpay wallet.

I don't trade actively, just buying around 1 coin every week or two since a few months ago.

Should I be considering some secured wallet?
If you are just purely buying bitcoin every week and dont have intention on trading or investing it then you must really purchase some hardware wallet so that your bitcoin would be safe and it on all of your control and you should not put it on web wallets because its too risky because you didnt posses the private key.
Yeah, if you want some secure wallet then hard ware wallets is the best and don't ever trust web wallet because there is a high risk by using that. Or if you want some cheap and high secured wallet then paper wallet might suit for your needs because you just need to create a paper wallet document then print it and keep it to a safe dry place and there you go, You have a cold storage for your bitcoin and you can store bitcoin as many as you can.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
December 25, 2016, 05:06:04 AM
I have less than 10  in localbitcoins and about 5 each on BTCC and their justpay wallet.

I don't trade actively, just buying around 1 coin every week or two since a few months ago.

Should I be considering some secured wallet?
If you are just purely buying bitcoin every week and dont have intention on trading or investing it then you must really purchase some hardware wallet so that your bitcoin would be safe and it on all of your control and you should not put it on web wallets because its too risky because you didnt posses the private key.
hero member
Activity: 588
Merit: 500
December 25, 2016, 04:08:03 AM
yes that is right, i also will suggest you have more than one wallet if you have some good amount of bitcoin, because keeping them all in one wallet is more risky, because hacker can hack your wallet and can take your money, therefore you need to be carefull.
Having more than one wallet is not enough. Having more than one wallet and then having the same password in all of them would be pointless. Once one of your wallet gets hacked, all of your wallets will be hacked. You're more prone to get hacked then. You should have different complicated passwords as well and then 2FA on each account. Unless your PC or your phone has virus, you will not get hacked. Some people suggest using paper wallet, you should check that out. I think that's more secure than using an online wallet.
MMA
legendary
Activity: 1134
Merit: 1000
December 24, 2016, 01:18:37 PM
i think you can store you bitcoin in many wallet because there is hacking problem if you store your all bitcoin in one wallet so anyone will be hack your all bitcoin from one wallet so i prefer that store your bitcoin in many wallet is much more good than one wallet then you will be never lost your all bitcoin.

But if all your bitcoin in one wallet only few btc even if less than one bitcoin, maybe the hackers will interest with your wallet and hack your wallet is gratuitous. But no problem divide your bitcoin in to few wallet for security is great idea, moreover make some wallet address is free you need double email.
yes that is right, i also will suggest you have more than one wallet if you have some good amount of bitcoin, because keeping them all in one wallet is more risky, because hacker can hack your wallet and can take your money, therefore you need to be carefull.
MMA
legendary
Activity: 1134
Merit: 1000
December 24, 2016, 12:26:22 PM
there is many way to store your bitcoin but i prefer that blockchain because blockchain is very much safe and secure wallet and there is maximum people store their bitcoin so you can store your bitcoin in blockchain and blockchain is very much easy than other wallet.
yes there is no doubt about this, but i think Xapo is also one of the most secure and trusted online wallet, they give you some extra security, its transaction fee is almost negligible, i am using it for years and always found it trusted.
legendary
Activity: 1792
Merit: 1283
December 23, 2016, 04:26:10 PM
Store your bitcoins on paper wallets and put them on a water proof plastic bags then put it a safest place you know so you will be able to sleep in night. Don't store your bitcoins on any online sites because they are not fully trusted and there is always a risk of getting hacked of your account so if i were i will just put them on a paper wallet or hardware wallet then i will put them in a safe place.
When you do this, make sure you do not create your paper wallet through one of those online paper wallet creator services. They could be saving your private keys and you could end up losing all of your coins at any given time.

For creating a secure paper wallet, check this page:
https://en.bitcoin.it/wiki/Paper_wallet
sr. member
Activity: 350
Merit: 250
December 23, 2016, 09:04:18 AM
I store my Btc in electrum wallet. Its very safe and secure to store and i would advice you too to do the same.
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