Topic: How and where do I store my bitcoins? - page 6. (Read 6559 times)
I think there is not a full safe method to stote BTCs, so I don't hold a lot of coins on my wallet accounts. I use online wallets, despite I never had any problem with that kind of service (only high fees), I'm aware that it's not 100% safe, but in my opinion the another wallets aren't 100% safe too. So, I just prefer to withdraw my BTCs to local currency when I reach to a big amount, or I invest a part on a trusted site on the internet.
My advice is to never keep your coins in just one wallet. By choosing multiple wallets you can enhance your security. It doesn't matter how big or small amount of coins you have, you don't want to lose them. And it's good to have one hard wallet, cloud wallets are convenient but often very vulnerable. Wallet offer is very big, you can choose.
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?
No matter what wallet you choose, remember that your bitcoins are only safe if the private key was generated securely and remains a secret. Choose a storage method based on your needs and your wealth. There’s no reason to ever store a large amount of funds in a hot 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?
You can use coinbase,if you lodge in they will send you a message with the email you use to sign up for authorisation into you account since I have been using it I have no issue with them,I think it is safe
Holding your money in an online wallet is riskier than you might think. Just like banks, it takes only one real or faked attack of the Bitcoin online bank for your money to be gone. FOREVER. I have stored mine in dozens of cold wallets just to make sure I'm protected from thieves (because it's just a paper and they wouldn't know what that is probably) and online attacks. And hackers.. If one gets hacked, I lose only a very small part of the money.
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?
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?
Don't rely on one wallet alone,put all your eggs in many basket,of course all this online wallet has good security measures,it is really up to you on how to secure your passwords and security question as much as possible use an authenticator or phone verification to secure your credentials.
You can use coinbase,if you lodge in they will send you a message with the email you use to sign up for authorisation into you account since I have been using it I have no issue with them,I think it is safe
Offline wallet, hardware wallet? the both are such useful wallet in this time, more safely for you. Even if you keep your PC with an offline status no one will reach your desktop using the viruses or malware except you connect it for online status.
Both are useful for the people are passive traders.
Both are useful for the people are passive traders.
Ya i also recommend offline wallet for securing our btc especially if we have a large amount of btc.The risk for online wallet is high.I know they also trying hard to provide maximum security,but the chance for getting hack is still there.
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?
Most members here are suggesting the same thing on which the safest way to secure your bitcoins its on either offline wallet /pc wallets or on hardware wallets. I do agree with their statements hence storing them on exchange wallets are risky because we all know that exchange could possibly been hacked and those bitcoins stored their would be surely gone thats why its better to store up on cold storages which you do have the full possesion just dont forget on where you placed it and must keep all the important informations. 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?
since that is already a lot of money that you have invested in bitcoin i suggest a Hardware wallet. you can find some with less than $100 price and be safe because of how they work.
but if you are not willing to pay for a wallet and buy it, you can look into "cold storage" and since you said you are not actively trading then, a paper wallet may be what you need. but make sure to learn how to make them safely first before sending your bitcoins there.
but if you are not willing to pay for a wallet and buy it, you can look into "cold storage" and since you said you are not actively trading then, a paper wallet may be what you need. but make sure to learn how to make them safely first before sending your bitcoins there.
I think the best method to secure and store your bitcoins is the offline wallet, or using the Blockchain wallet. Both are secured enough so you haven't to worry about safety issues.
I don't think so, You had heard about the bitfinex cases in the past? We could have thought again for suggesting someone using the blockchain wallet.
I think the best method to secure and store your bitcoins is the offline wallet, or using the Blockchain wallet. Both are secured enough so you haven't to worry about safety issues.
The best and safe place to save your bitcoins is in offline wallet as your coins will stay safe there and no one can hack your wallet and its more safe in compare to online wallet where scammers may try to hack your wallet and I am using electrum wallet since long time and have not found any issue with its security.
i think offline wallet is a good choice since you don't make trading or spend the bitcoin. you can choose many offline bitcoin wallet. i am experience with multibit in the past to store my bitcoin and i don't have any problem at all. or maybe you can try with trezor, mycelium for your android phone, flashdisk bitcoin wallet.
and i suggest to you to split your 10 bitcoin into 2-4 place just in case if something bad happen and you still hold your bitcoin and its not good to store in just one wallet.
and i suggest to you to split your 10 bitcoin into 2-4 place just in case if something bad happen and you still hold your bitcoin and its not good to store in just one wallet.
I have less than 10 in localbitcoins
That's over $6000 that you're trusting
a - to some website that really you know nothing about. A giant security hole could be found any moment.
b - your own security measures. Even if LBC is bulletproof, how sure can you be that you yourself won't be infiltrated from your end?
Effectively anything is better than your current setup. I use paper wallets myself. There are lots of hardware options too.
Use Electrum wallet for as your hot wallet that you can use to pay for your daily expenses. I would suggest purchasing raspberry pi and use Electrum offline from there with your desktop wallet being the wallet that broadcasts and make raw unsigned transactions.
It would save you a lot more money than purchasing hardware wallets and it can be secure enough.
It would save you a lot more money than purchasing hardware wallets and it can be secure enough.
Thanks for this because the Etherum wallet I have, I thought its only for ETH or maybe I'm mistaken and the only one I have is the online wallet which I have learnt I dont have the private key to but still I have carried my transactions without any hitch but I'm equally scared of the attack that online wallets are exposed to.
Can you explain how to go about this?
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?
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?
In our country the COINS.PH wallet, if you convert peso money to bitcoin in that online wallet and store it in long time that value of your money will increase too so its like an investment, that's why I prefer to restore my fiat money to bitcoin and claim it when the value of bitcoin increases.
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?
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 only buy bitcoin not trading
is good your bitcoin in saving to online wallet or dekstop wallet but not exchanger wallet
in dekstop wallet you can seve in bitcore, electrum or multibit
in online wallet you can use blockchain.info
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?
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?
Definitely take your money out, and store it in a paper wallet. If you want to leave it on such sites for quick access leave only 1 btc. The past is a clear example that such saving accounts don't always go as planned. A lot of people have lost money during hacks in the past, by letting all their savings stay on exchange sites.
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?
15+ bitcoin is really high amount and you shouldn't trust any web wallet with that high amount of bitcoin. You better try using hardware wallet like trezor or you can print out several paper wallet and store those paper wallet securely. If you don't actively use bitcoin or send bitcoin than for receiving only paper wallet is nice but as amount is very high i recommend hardware wallet. But you should read how to store safely in hardware wallet and how to recover your bitcoin if you lost access to those wallets before putting anything in them. 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?
Use Electrum wallet for as your hot wallet that you can use to pay for your daily expenses. I would suggest purchasing raspberry pi and use Electrum offline from there with your desktop wallet being the wallet that broadcasts and make raw unsigned transactions.
It would save you a lot more money than purchasing hardware wallets and it can be secure enough.
It would save you a lot more money than purchasing hardware wallets and it can be secure enough.
Thanks for this because the Etherum wallet I have, I thought its only for ETH or maybe I'm mistaken and the only one I have is the online wallet which I have learnt I dont have the private key to but still I have carried my transactions without any hitch but I'm equally scared of the attack that online wallets are exposed to.
Can you explain how to go about this?
Even if you do have the private key on an online wallet, you are still at risk since the other party still have access to your private key. Download Electrum and install it, create a wallet, copy down the seed and send all the funds from your online wallet to Electrum and you should be fine.
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