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Topic: How and where do I store my bitcoins? - page 3. (Read 6559 times)

legendary
Activity: 938
Merit: 1002
December 04, 2016, 12:08:16 PM
#88
To keep our btcsecure even a big or small amount we must always consider that we cant trust any sites or apps that much , this apps were all controlled by a developer though there are still some that is really trusted. Try to portion it on diffrent wallets or why not consider investing on different andreliables investment sites its like storing too jut dont put all in one investment.
No man, I would never invest my big amount of bitcoins even in different sites because its fine if its 1-2 bitcoins but suppose for those who have like 100 - 200 bitcoins would they or even us be able to digest a loss of around 10-20 bitcoins in a scenario a site scams.
I think using online wallets for storing big amounts means you are risking, better use offline wallets and less often open them.
hero member
Activity: 1400
Merit: 571
December 04, 2016, 09:37:35 AM
#87
It is hard to say where to store our bitcoin in a safe place because there are no such thing like that here in this world. Blockchain, and those wallets that you are mentioning are all the same. Maybe it is safe for now but who knows what might happen to that wallet in the future. There's no impossible for those black hat hacker, they are just studying a certain stuff and they are taking all the time that they need to hack that certain stuff. We all know that bitcoin worth of $100 million has been stolen in the block chain years ago and it is possible that it might happen again.
legendary
Activity: 1008
Merit: 1060
December 04, 2016, 08:49:41 AM
#86
I always store my bitcoins in directbet's casino wallet and little amounts on blockchain. You might be wondering why ? because of two things first of all directbet has paid me over 10btcs in bets earlier and hence I trust them more than anything else. And they have a email confirmation system for every withdrawal so no issues at all of hack.
Unless if your email is the one that got hacked. He can simply use the "Forgot my password" feature to get onto your directbet account. The email confirmation system is nothing to him now since he's in control of your email. I haven't tried directbet but I do hope that they have a 2FA feature so even when your email got hacked, he still cannot withdraw your money or log in to your account. But it would be really bad for you if there's also a forgot 2FA feature on the website and then the directbet just sends an email regarding about it to your email.
hero member
Activity: 1092
Merit: 523
December 04, 2016, 08:02:03 AM
#85
The principle is not all eggs in one basket.
An offline wallet; paper based or HD wallet for savings. This is not for everyday usage.
A PC wallet if our job demands the daily transactions with our clients
A web wallet for small expenses. Sometimes this is pairing with smartphone.

yes that is right to say i am agree with you that is too much dangerous and risky if you are going to put all your bitcoin in one wallet you should use multiple wallets to distribute your bitcoin in it, through this way you can minimize the risk of your whole bitcoins from hacking.
It is better to store bitcoin in different wallets especially if you have some large number of bitcoins, as there is always a risk of hacker who can hack your bitcoin wallet therefore it is good to distribute bitcoin in different wallet so as to minimize the risk of losing all at once.
I always store my bitcoins in directbet's casino wallet and little amounts on blockchain. You might be wondering why ? because of two things first of all directbet has paid me over 10btcs in bets earlier and hence I trust them more than anything else. And they have a email confirmation system for every withdrawal so no issues at all of hack.
hero member
Activity: 826
Merit: 502
December 04, 2016, 12:02:14 AM
#84
If you have never been hacked, you probably dont know much about security. The reason I say that is because when I got hacked i did a ton of research and now I am pretty knowledgeable. There is a lot to know and it changes. Like today i read about a vulnerbility  that lest hackers get into your gmail account with no password. IOS and android are both vulnerable. You have enough BTC where you should spend some time educating yourself. Nest of luck.

Really? I'd say the reason why people aren't hacked yet was because they researched first how to make their funds secure and they don't blindly click suspicious links from the internet. Just a quick research can make your wallet much secure than before. If you're using PC, I recommend installing MalwareBytes so the suspicious websites will be blocked when you visit it. I've been using this antiVirus for a while now and everything's good. There are no worms, trojans, or autorun virus in my PC anymore.
hero member
Activity: 924
Merit: 1001
December 03, 2016, 06:59:54 PM
#83
If you have never been hacked, you probably dont know much about security. The reason I say that is because when I got hacked i did a ton of research and now I am pretty knowledgeable. There is a lot to know and it changes. Like today i read about a vulnerbility  that lest hackers get into your gmail account with no password. IOS and android are both vulnerable. You have enough BTC where you should spend some time educating yourself. Nest of luck.
Honestly it so different right now from before because we are weak in security and we can increase our passphrase just to protect more our account..
It is hard to hack the accounts right now via brute forcing. and i think even phishing is hard to get any account by someone because they knows it.. or even  you can get their account and password if you login to the site with high secured if your ip is not well known the account will be lock automatically.
newbie
Activity: 42
Merit: 0
December 03, 2016, 06:19:57 PM
#82
If you have never been hacked, you probably dont know much about security. The reason I say that is because when I got hacked i did a ton of research and now I am pretty knowledgeable. There is a lot to know and it changes. Like today i read about a vulnerbility  that lest hackers get into your gmail account with no password. IOS and android are both vulnerable. You have enough BTC where you should spend some time educating yourself. Nest of luck.
hero member
Activity: 644
Merit: 500
December 03, 2016, 04:40:53 PM
#81
From a few months I have my bitcoins in my online wallet blockchain.info and I did not faced any issue from there so I decided to keep remaining them there I they are safe there till now so if anyone let his coins to any online wallet then it will also be not bad but in that you have to keep in mind that you will give control to a third person for your bitcoins. besides this I do not have any other fear. But still the better is that you adopt a desktop wallet.
hero member
Activity: 1022
Merit: 511
December 03, 2016, 02:57:40 PM
#80
In terms of offline wallet... Ledger still has a black friday sale Smiley

Just keep a "dirty" wallet for trading/gambling. But save your bigger amount in a hardware/offline wallet...

Hardware wallets aren't a necessity. You can very well just stick to having your wallet files stored on USB drives, where you can even choose to add another layer of protection by encrypting everything. That's what I am doing. Or you simply create a paper wallet containing your long term coins. It's a free method.
While there can be more and more layers of protection but actually you see if you ask some technical or professional people they will always suggest you to store your bitcoins in offline wallets.
I personally store in blockchain online wallet and have my private key printed for safety.
legendary
Activity: 1382
Merit: 1122
December 02, 2016, 12:26:57 PM
#79
Omg yes you need something secure. You're talking about 20± bitcoins here.

I would recommend an encrypted paper wallet (with at least 3 copies in different buildings) made on a secure Ubuntu live USB or a trezor / other hardware wallet. I wouldn't keep all of your coins in one wallet either, I'd put a few bitcoins in each.

Whatever you end up doing, don't trust anyone and dont keep all of your bitcoins in one spot. Make sure if you're creating keys it's ultra secure. Stop storing your coins the way you are now for sure!
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
December 02, 2016, 12:17:37 PM
#78
To keep our btcsecure even a big or small amount we must always consider that we cant trust any sites or apps that much , this apps were all controlled by a developer though there are still some that is really trusted. Try to portion it on diffrent wallets or why not consider investing on different andreliables investment sites its like storing too jut dont put all in one investment.


If you fear about online and app wallet. Just put your bitcoins in the paper wallet or cold storage. These places are more secure one in holding your bitcoins. But I do not think your bitcoins are risky in online wallets like blockchain and coinbase.

Every wallet that don't give private key is risky as it means that you don't really own them.

@OP,  If you got the money buy a hardware wallet, its the safest when storing huge amounts of bitcoin.

But if you don't an offline wallet will do, As long as your wallet is not often connected to the internet it will be safe.
If you are going to use a desktop wallet to store your coins, remember to store it in a safe operative system like any flavor of Linux and not in windows which is full of bugs and backdoors.
hero member
Activity: 2786
Merit: 902
yesssir! 🫡
December 02, 2016, 09:08:53 AM
#77
To keep our btcsecure even a big or small amount we must always consider that we cant trust any sites or apps that much , this apps were all controlled by a developer though there are still some that is really trusted. Try to portion it on diffrent wallets or why not consider investing on different andreliables investment sites its like storing too jut dont put all in one investment.


If you fear about online and app wallet. Just put your bitcoins in the paper wallet or cold storage. These places are more secure one in holding your bitcoins. But I do not think your bitcoins are risky in online wallets like blockchain and coinbase.

Every wallet that don't give private key is risky as it means that you don't really own them.

@OP,  If you got the money buy a hardware wallet, its the safest when storing huge amounts of bitcoin.

But if you don't an offline wallet will do, As long as your wallet is not often connected to the internet it will be safe.
legendary
Activity: 1372
Merit: 1005
December 02, 2016, 05:58:02 AM
#76
To keep our btcsecure even a big or small amount we must always consider that we cant trust any sites or apps that much , this apps were all controlled by a developer though there are still some that is really trusted. Try to portion it on diffrent wallets or why not consider investing on different andreliables investment sites its like storing too jut dont put all in one investment.


If you fear about online and app wallet. Just put your bitcoins in the paper wallet or cold storage. These places are more secure one in holding your bitcoins. But I do not think your bitcoins are risky in online wallets like blockchain and coinbase.
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform
December 02, 2016, 03:51:36 AM
#75
Me, i have two wallets and one local wallet. I dont want to store my btc on one bitcoin wallet. So when the wallet encounter trouble, im able to switch with the other. Also i dont guarantee my btc is safe thats why im using these wallets. My local wallet is very useful, so i suggest you must use one. My local wallet very versatile. You can pay bills, prepaid load and convert btc into cash. Im not gonna use my btc without this.

good idea to use local wallet since we should split our bitcoin to avoid bad things that could happen. is that local wallet like bitcoin core or multibit? i use multibit because its really light to syncronize with the network and its different with bitcoin core which is need too long before its completed syncronize.
The sounds weird for me.
You was using a desktop wallet and suggesting about local(exchange wallet). It may hard for me to say learn again about it. But I don't think so just for storing a small amount of btc and I need use bitcoin core, this will become the different thing if you want to run bitcoin core for full nodes.

If you want to be in safe side you can use desktop wallet , i use electrum and till now did not faced any problem, keeping coins in exchange wallet is not recommend  as if they scam then you dont hold any keys to recover your bitcoins
not only the chance of getting scammed but also the possibilites of getting disabled the accounts is there and make it really such an awful decision for people who hold big amounts of bitcoin and willing to store it in an online wallet. if you have much bitcoin then move out from online wallet or you will regret sooner
hero member
Activity: 1260
Merit: 524
December 02, 2016, 01:47:09 AM
#74
Me, i have two wallets and one local wallet. I dont want to store my btc on one bitcoin wallet. So when the wallet encounter trouble, im able to switch with the other. Also i dont guarantee my btc is safe thats why im using these wallets. My local wallet is very useful, so i suggest you must use one. My local wallet very versatile. You can pay bills, prepaid load and convert btc into cash. Im not gonna use my btc without this.

good idea to use local wallet since we should split our bitcoin to avoid bad things that could happen. is that local wallet like bitcoin core or multibit? i use multibit because its really light to syncronize with the network and its different with bitcoin core which is need too long before its completed syncronize.
The sounds weird for me.
You was using a desktop wallet and suggesting about local(exchange wallet). It may hard for me to say learn again about it. But I don't think so just for storing a small amount of btc and I need use bitcoin core, this will become the different thing if you want to run bitcoin core for full nodes.

If you want to be in safe side you can use desktop wallet , i use electrum and till now did not faced any problem, keeping coins in exchange wallet is not recommend  as if they scam then you dont hold any keys to recover your bitcoins
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
December 01, 2016, 07:33:39 PM
#73
Me, i have two wallets and one local wallet. I dont want to store my btc on one bitcoin wallet. So when the wallet encounter trouble, im able to switch with the other. Also i dont guarantee my btc is safe thats why im using these wallets. My local wallet is very useful, so i suggest you must use one. My local wallet very versatile. You can pay bills, prepaid load and convert btc into cash. Im not gonna use my btc without this.

good idea to use local wallet since we should split our bitcoin to avoid bad things that could happen. is that local wallet like bitcoin core or multibit? i use multibit because its really light to syncronize with the network and its different with bitcoin core which is need too long before its completed syncronize.
The sounds weird for me.
You was using a desktop wallet and suggesting about local(exchange wallet). It may hard for me to say learn again about it. But I don't think so just for storing a small amount of btc and I need use bitcoin core, this will become the different thing if you want to run bitcoin core for full nodes.
hero member
Activity: 837
Merit: 500
December 01, 2016, 06:09:20 PM
#72
To keep our btcsecure even a big or small amount we must always consider that we cant trust any sites or apps that much , this apps were all controlled by a developer though there are still some that is really trusted. Try to portion it on diffrent wallets or why not consider investing on different andreliables investment sites its like storing too jut dont put all in one investment.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
December 01, 2016, 06:04:33 PM
#71
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?
Yes, when you begin to accumulate bitcoin then it is the moment to consider securing your bitcoin in a better way since a hacker may try to steal them from you, good options are hardware wallets like trezor, paper wallets or even a desktop wallet in a computer that is encrypted and that does not go online.
legendary
Activity: 1484
Merit: 1004
December 01, 2016, 05:58:30 PM
#70
Me, i have two wallets and one local wallet. I dont want to store my btc on one bitcoin wallet. So when the wallet encounter trouble, im able to switch with the other. Also i dont guarantee my btc is safe thats why im using these wallets. My local wallet is very useful, so i suggest you must use one. My local wallet very versatile. You can pay bills, prepaid load and convert btc into cash. Im not gonna use my btc without this.

good idea to use local wallet since we should split our bitcoin to avoid bad things that could happen. is that local wallet like bitcoin core or multibit? i use multibit because its really light to syncronize with the network and its different with bitcoin core which is need too long before its completed syncronize.
i guess he's reffering to local exchanger wallet not a desktop wallet so it's basically an online wallet were provided by his local exchanger as he's stated he could pay bills, prepaid load and convert bitcoin into cash. though it's not really secure, the exchanger could have the right to close the account or turning out to be scam if they have intention to do this
i am not sure if he realy refering to a local exchange
as there is a local wallet that allow you to pay bills, prepaid load etc
for example cahsila that integrated with mycelium wallet
really bad idea if you put all coins in an exchange , you should never trust third party service , just store a little amount only on them.
legendary
Activity: 1302
Merit: 1037
December 01, 2016, 04:20:26 PM
#69
Me, i have two wallets and one local wallet. I dont want to store my btc on one bitcoin wallet. So when the wallet encounter trouble, im able to switch with the other. Also i dont guarantee my btc is safe thats why im using these wallets. My local wallet is very useful, so i suggest you must use one. My local wallet very versatile. You can pay bills, prepaid load and convert btc into cash. Im not gonna use my btc without this.

good idea to use local wallet since we should split our bitcoin to avoid bad things that could happen. is that local wallet like bitcoin core or multibit? i use multibit because its really light to syncronize with the network and its different with bitcoin core which is need too long before its completed syncronize.
i guess he's reffering to local exchanger wallet not a desktop wallet so it's basically an online wallet were provided by his local exchanger as he's stated he could pay bills, prepaid load and convert bitcoin into cash. though it's not really secure, the exchanger could have the right to close the account or turning out to be scam if they have intention to do this

Yeah, it's not very wise to keep the coins on the exchanger. They are not ment to be the real wallets and your coins are there at risk. Exchangers are exposed to hackers attacks or your account there could be locked for different reasons. It's good to keep coins on exchangers ony for trading purpose.
Yes, exchange are too much risky so never try to put your all bitcoin in exchange, also we should also use multi wallet so as to distribute your bitcoin in different wallets so as to minimize the risk of your losing money. Storing bitcoins must be done based on the purposes, exchange or online wallets are also good, but only if you have enough reasons.
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