How do you keep your bitcoins? - page 13.

enterprevic

member

Activity: 86

Merit: 10

Healthpromag.com

Quote from: Playboi on February 16, 2017, 05:02:49 PM

I have all my coins in on an online trading site (paxful) (low volume)

I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.

What is the best way to do this, and what's the best way of ensuring a backup?

How do you currently store your coins

thanks in advance for any inputs

I've heard a lot of people say they do not store their coins on an online storage platform , I currently do store mine online though but it's a risk tho, because if you're hacked you can't regain your money back , I've heard guys talk about paper or offline wallet before really don't know how it works but you can sure check out articles on it and see if it suits you

Zemomtum

full member

Activity: 1316

Merit: 104

CitizenFinance.io

Quote from: Playboi on February 16, 2017, 05:02:49 PM

I have all my coins in on an online trading site (paxful) (low volume)

I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.

What is the best way to do this, and what's the best way of ensuring a backup?

How do you currently store your coins

thanks in advance for any inputs

So far I've accumulated in bitcoin, I kept it for a while. I'm preparing for large-scale investments, the kind I can earn a lot of money. I'm also waiting for the value of bitcoin money to rise, so I love to accumulate a lot of coins in bitcoin. Bitcoin has helped me a lot, and now I hope that it will help me more, given this help to me

. It's hard to get together because you have the idea that you want it to spend, but if you know how to control yourself? you will be able to have high and large amounts of money

.

shalnark

full member

Activity: 196

Merit: 121

Quote from: iamaruf on October 20, 2017, 01:26:52 AM

I don't support online wallet. though paxfull is trusted but i am going to suggest you to use core wallet. Because core wallet always safe and online wallet can be hacked or they can stop their services any time.In that result you will loose all of your coin.So don't store your coin in exchanger or online.Just use it when you need

Why you don't? All wallet I encountered in crypto currency society have a good and trusted background, if you experience anything problems in your wallet. I think the problems is in yours. As per I experience all wallet in crypto currency industry are fully secured, so I have no doubt even I put high amount in any wallet I have.

ab007

newbie

Activity: 48

Merit: 0

I am investing my bitcoins in online trading and investing a lot in it.so for me the better place to save my bitcoins is trade and also i cash out some of it for my personal use and remaining are there in invested form at different forum through which i am earning handsome amount of money

markleal

member

Activity: 446

Merit: 13

I use the local Coins.ph, it comes with a mobile wallet and also comes with services such as remittances, air-time, bill payments, and online shopping at over 100,000 merchants who accept digital currency and it operates in the Philippines and Thailand.

BeGoods

legendary

Activity: 1372

Merit: 1008

Quote from: tenakha on October 16, 2017, 05:00:42 PM

Quote from: Cutekittens21 on October 16, 2017, 01:50:26 PM

Quote from: Passive Coin on October 15, 2017, 01:17:42 AM

I keep my Bitcoins in blockchain.info and in Bittrex exchange.
However, for sake of my project purposes, I need to open extra safe browser-based multi-wallet, where I can easily control private keys and keep them offline.

Is blockchain.info considered an exchange wallet? I'm using some exchanges but want to move to a safer online option. Do you think this would be a good option?

I dont advice to hold your hard earned bitcoin in online wallet. If you want to use exchanges go to bittrex,poloniex,c-cex and other exchanges.Safe way to hold your bitcoin is desktop and paper wallets.

Blockchain not including exchange sites dude. blockchain.info is an online wallet. honestly I myself use a local exchange to store all my bitcoin because it will certainly be much easier when you want to sell your bitcoin because you can directly install your order. for security luckily local exchange in my country support with sms verif. so it makes my bitcoin very safe and never stolen

bigmaster23

full member

Activity: 518

Merit: 106

WWW.BLOCKCHAIN021.COM

I kept it on electum wallet electrum wallet have all the security to handle this thing we called BTC and lot of btc user own this wallet almost everybody knows it

iamaruf

sr. member

Activity: 1064

Merit: 265

Vave.com - Crypto Casino

I don't support online wallet. though paxfull is trusted but i am going to suggest you to use core wallet. Because core wallet always safe and online wallet can be hacked or they can stop their services any time.In that result you will loose all of your coin.So don't store your coin in exchanger or online.Just use it when you need

gondar1

member

Activity: 75

Merit: 10

Quote from: Playboi on February 16, 2017, 05:02:49 PM

I have all my coins in on an online trading site (paxful) (low volume)

I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.

What is the best way to do this, and what's the best way of ensuring a backup?

How do you currently store your coins

thanks in advance for any inputs

I store all my coins in my wallet. For me I keep an external hard disk that I seldom use, that way the wallet files inside will not be affected, I also keep a copy of my wallet in my own laptop. I also worry about the safety of my coins.

pairinpay

full member

Activity: 434

Merit: 103

Quote from: Playboi on February 16, 2017, 05:02:49 PM

I have all my coins in on an online trading site (paxful) (low volume)

I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.

What is the best way to do this, and what's the best way of ensuring a backup?

How do you currently store your coins

thanks in advance for any inputs

My coin save in the exchange

jake zyrus

full member

Activity: 798

Merit: 121

Quote from: philiveyjr on February 16, 2017, 05:32:17 PM

I keep my bitcoins on a offline wallet which I keep just to store, otherwise I have my bitcoins on localbitcoins(low volume) in case i'm outside and need some money in my bank account. It works very well for me and I'm very happy with it as of now.

I keep my bitcoin every part of it. The half of my bitcoin I invest and trading because the value increase like a rocket up in the sky so you money will gain profitable. Then the another half for me and my family, I support my family for schooling of my siblings, paying bills, foods and other for my gadgets. Use your bitcoin wisely for your future will secure and financially stable.

pavelkdr

newbie

Activity: 25

Merit: 0

However I shop my bitcoin on on the internet wallet (blockchain most if it), but thanks to this forum that manufactured me to understand that it is not protected and obtaining a desktop or paper wallet is better. Even now attempting to decipher which to use even though.

hynext

full member

Activity: 350

Merit: 105

I keep them on my online blockchain wallet. For me it is easy to use bitcoin through online wallet. But if you have big amount i suggest to store them in cold wallet.

Precie2010

newbie

Activity: 3

Merit: 0

I keep my bitcoin in [Suspicious link removed]... For me it has been user friendly and so far more secured than the others I use and their transfer charges is quite fair.

Strught85

member

Activity: 84

Merit: 10

I keep bitcoin in some neighborhood and intercontinental wallet exchanger. I use each wallets simply because I concentrate on buying and selling, and conserving in local wallet exchanger makes it easy for me to withdraw funds

Loves

newbie

Activity: 8

Merit: 0

I keep my bitcoin in my wallet so whenever I need cash I just change it in fiat. And wallet are really safe to keep your bitcoin.

But I am still saving enough bitcoin for investment or trade.

Rakibislam

newbie

Activity: 26

Merit: 0

I keep my Bitcoins in the classic Bitcoin wallet for android phones.I do not want to use web wallets even for my small amounts, so I use phone wallet, its small, safe and reliable.

Chienna

full member

Activity: 256

Merit: 100

Quote from: Playboi on February 16, 2017, 05:02:49 PM

I have all my coins in on an online trading site (paxful) (low volume)

I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.

What is the best way to do this, and what's the best way of ensuring a backup?

How do you currently store your coins

thanks in advance for any inputs

I keep my bitcoin in application called coins. ph. It will serve as my bank because if in case of emergency I have a way to get money with less hassle. This app is trusted because there's a lot of person that I know use it. This app really helps because you can send money neither received money. Yo can also pay bills and buy load using your bitcoin.

Ultegra134

hero member

Activity: 1680

Merit: 845

Quote from: Playboi on February 16, 2017, 05:02:49 PM

I have all my coins in on an online trading site (paxful) (low volume)

I plan on making a large investment very soon, and want to safely store all of my coins
I.E I basically want to drop a couple thousand, and keep them in the safest possible way, where I can revisit them in 5-10 years or so and reap the benefits, or cry about the loss.

What is the best way to do this, and what's the best way of ensuring a backup?

How do you currently store your coins

thanks in advance for any inputs

Since you are talking about long term holding without planning to access your funds daily, erasing all online wallets as a potential choices goes without saying. Your best bet would be a hardware wallet (Ledger Nano S for instance) or an offline one, stored on your PC, which is advised to not have it connected on the internet. At the same time, keeping a backup of the wallet.dat file is advised.

Xenophoto

hero member

Activity: 826

Merit: 502

Quote from: mmmmyah on October 16, 2017, 09:48:59 PM

Never keep your coins on an exchange. Use a hardware wallet (or paper wallet if you're hard core) for your savings account/major balances. I highly recommend the Ledger Nano S.

To be honest, I don't understand why is a hardware wallet the go-to bitcoin storage of people nowadays. Maybe it's just some hype that the sellers of this product has created because truthfully, it's just the same as a USB drive. The hardware wallet generates a wallet for you. You can do that with your computer by installing Electrum or anything similar. And then the hardware wallet saves the wallet for you and let's you enter the password (or maybe even 2FA, I don't really own one to know). How is that even different from a flash drive with the Electrum.exe and the wallet files in there? I think it doesn't really have any difference. Even if they copy the wallet file, they can't just get to it especially if it's 2FA activated. It's all the same. The only thing that you shouldn't use are exchangers, online wallets, or anything that requires your bitcoin to be held by the website itself.

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