How do you keep your bitcoins? - page 14.

AmXProX

sr. member

Activity: 336

Merit: 250

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

better keep it on a PC wallet then write the seed code on a paper or on something that you can physically keep, try to put codes on it or jumble it then delete your PC wallet and forget about . just visit it after 10 years.

Phantomberry

full member

Activity: 588

Merit: 103

I keep it in my Bitcoin wallet called coins.ph here in the Phillipines and it's secure so much and when i need money i can withdraw it easily.

mmmmyah

full member

Activity: 157

Merit: 100

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.

ogoowinner

member

Activity: 77

Merit: 10

Quote from: aardvark15 on February 16, 2017, 05:24:11 PM

I would not trust an online storage site or an exchange with a large amount of money. I would only put money on an exchange for trading and I would keep some stored separately in a secure location. So the question is what is a secure location? Most people would say an offline paper wallet is the most secure. If you know that no one has the private key, then that probably is the most secure. You would need to make sure you keep the wallet address and private key where you can get to them but they are secure like in a safe deposit box or a safe. As long as you do that, you should be fine.

Then the problem is what happens if you die and you want a beneficiary to have access to the coins. For this situation, you may need to leave instructions on what to do with the keys in a will or in the safe. I have heard of people keeping the public and private keys on a thumb drive, but I have heard that the data may not last forever on those, so a paper wallet is probably best.

I keep my BTC in an online wallet. I want to invest more on Bitcoin too, Please would you kindly tell me how to get the paper wallet? Thank you.

FDC1412

full member

Activity: 140

Merit: 100

I think the best way to keep you bitcoin is to purposely use it? Bitcoin is not a defined value it fluctuates and changes over time and for me the best way to properly utilize this chane in value is to continuesly circle it in different bitcoin fields rather than let it sit for a long time.

SushiMonster

full member

Activity: 305

Merit: 107

I'm going to eat your cookies

I keep my coins on an online wallet - I just recently started on bitcoin and joining campaign so I'm not bothered on leaving my bitcoin on an online wallet.

mitchr4

legendary

Activity: 2716

Merit: 1017

Join the world-leading crypto sportsbook NOW!

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 just store my coins in trusted online wallet like blockhain. I also have the private key just in case something happens to the site.

martin1221

full member

Activity: 504

Merit: 102

I keep my bitcoin in an offline wallet so that no can access of any private key because right now there are so many hackers. And i aslo store my bitcoin our local wallet.The coins.ph which is safe.

cipher-x_09

full member

Activity: 168

Merit: 120

Offline wallet because whenever there is a emergency or in case you need to use your bitcoin for other purposes maybe for billings and loads you can immediately use it and much more safer because whenever you go online threats are everywhere in the internet just one click of advertisements there might be a virus or a way of hacker to gain access to your account.

iamzill

sr. member

Activity: 677

Merit: 250

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

to deposit my coins through online I think is very risky so in my opinion.we should be able to see the price of our coins if our coins are already in a favorable state should we exchange what we sell with the currency that applies in our country if in my opinion

mercyt

newbie

Activity: 32

Merit: 0

I use online wallet, I only have one wallet but that wallet is so legit so I did not mind or do not have any worries that I might be scammed or my priced bitcoin will be gone. And the best thing about it, it is connected to many establishments. Through it I can buy loads, pay my bills, even pay tuition fees. And best of all they have rebates. My friends used to have 1 to 3 more wallets because they do not want that their bitcoin was placed in one wallet.

sammy4real

newbie

Activity: 26

Merit: 0

Online wallet is the most efficient way now for storing bitcoin since bitcoin holders nowadays are preferred to do short trading rather than just wait for a year. I preferred online wallet too since my bitcoin is just small amount and I always buying on online merchant using bitcoin as mode of payment. Offline wallets sometime are too complicated especially for a computer that has a poor performance, Syncing of wallet takes time and too much electricity. At last, I love online wallet because i can access my bitcoin through my mobile phone anytime and everywhere that has an internet connection.

tenakha

hero member

Activity: 1470

Merit: 509

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.

Bonakid

full member

Activity: 224

Merit: 121

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 my bitcoin in my wallet and when I needed it I just cash it out to spend or put in the bank for my savings.I am not storing my coins in wallet for too long to be safe also.If the price is higher I put it in btc and when it is lower I put it back in peso to make the price stable.

Mame

member

Activity: 168

Merit: 14

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 my bitcoin in a wallet is the safest way to store your bitcoin, and you can easily convert it in a fiat it the value of bitcoin is not stable and if its high again put it back in bitcoin. That's how I store my bitcoin.

boris singer

sr. member

Activity: 882

Merit: 268

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?

trezor and nano Ledger are the best wallet choices for you, but blockchain has never had a serious problem until now, we can not choose the best because it's actually our belief that will make them better prepared in maintaining user accounts.

Exchange wallet is very effective for transaction orders, if you want to keep Bitcoin in large quantities you should start using hardwallet.

valpes

newbie

Activity: 12

Merit: 0

I shop my bitcoins in my electrum wallet in my Personal computer.I have been making use of it for the earlier two many years.Until now,i have not found any troubles.We could established our transaction payment manually.There is no synchronizing problem in this wallet.

Evilmorty69

newbie

Activity: 42

Merit: 0

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

Yes of course you should invest. There are some much different advices and opinions. How do you check all these projects, guys? I just found Omega One and Confideal. Last should be interesting due to usual people orientation

Cutekittens21

full member

Activity: 140

Merit: 100

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?

Ayush rana

full member

Activity: 476

Merit: 103

I am storing all my coins in online wallet and will sell them at higher price if i get.
I am not planning to store long but in future when I'll have enough I'll surely gona save them for a long time.

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