How do you keep your bitcoins? - page 19.

100%succes

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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

if you want to move all coin and meet 5-10 years to come, you better invest offline you can use to buy oil palm garden, coffee garden, chocolate garden and you like. about how you currently store the bitcoin. I saved bitcoin in myetherwallet.

Rojectime

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maintaining bitcoin on the internet wallet or hardware wallet is a subject of selection as for me I desire on the web wallet owing to it overall flexibility that is I can navigate to my e-mail tackle before opening the wallet and all it really is protection features are nicely secured. Despite the fact that I hope that such a web site should not crash then my bitcoins will be endangered.

Christian13

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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.

Actually, I use online wallet to keep my bitcoin safe and secure and I will put my private key and password in safe place. In addition to that, I also use 2fa to make secure and safe because there are some people who can hacked our wallet so that we need to make it sucure. I also use offline wallet and I install it in my computer.

Chyton

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I personally keep my Bitcoins in three different place.

1. Coinbase Vault
I would say this is the easiest method and it has some bit of security if you're managing your private key, the downside is you need to wait 48 hours and have access to 2 of your emails to withdraw your Bitcoins.

2. BreadWallet
Hands down on the easiest way and one of the safest way to store your Bitcoin (assuming you do not jailbreak your iOS device). You just a phone and passcode to spend your aging Bitcoins. While you may need to memorize or write down 12 seeds which is not that hard actually.

3. Paper Wallet
This is the big boy. The safest of them all, Paper Wallet. You need to print your encrypted private key and remember the password you used to encrypt your private key and thats all, if you're going to spend from Paper Wallet, there are many service will sweep your private key such as BreadWallet.

Ronaldcoin2017

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Quote from: Naughtis on October 01, 2017, 06:35:52 AM

Quote from: cramblimp on September 29, 2017, 09:38:43 AM

We are all concerns about our bitcoins. I'm just keeping my bitcoin to my online wallet. I save all my bitcoin from that and hold in a few days waiting for the price to get more profit on it. If the price goes up I will cash it out to buy some stuff.

I prefer to keep my bitcoin in blockchain wallet. Till I didn't need it, I'll try to not touch my investment. I'll hold my coin as long as I can still have provided my needs in other way than using it. Well, I hoped that my I couldn't use my coin now.

i think the best way to keep bitcoin is to keep on getting it and work for it.so that it well continue to increase .because sometime we need to get bitcoin and convert it into fiat because of an important things to be paid of such us tuition .water and electric billing etc.so then if we only hold bitcoin and didnt gain it every now and then .maybe it well all loose slowly.

Naughtis

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Quote from: cramblimp on September 29, 2017, 09:38:43 AM

We are all concerns about our bitcoins. I'm just keeping my bitcoin to my online wallet. I save all my bitcoin from that and hold in a few days waiting for the price to get more profit on it. If the price goes up I will cash it out to buy some stuff.

I prefer to keep my bitcoin in blockchain wallet. Till I didn't need it, I'll try to not touch my investment. I'll hold my coin as long as I can still have provided my needs in other way than using it. Well, I hoped that my I couldn't use my coin now.

citywise2

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Quote from: johnarce on September 18, 2017, 08:33:54 AM

If you are looking for a good usability — look at buying a hardware wallet. These hardware wallets works by scheme described above, but also they have some unique advantages.

That is if one already have reasonable enough bitcoin to warrant an invest on such a hardware otherwise an online wallet with several security features in place would do. It is good to also backup content of hardware too, because they often fail else in such a situation the bitcoin would be lost.

bob123

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I personally keep the most of my coins on a Hardware Wallet.
Small amounts are spread between different wallets on different devices.
As Long as not stored in an online Wallet.. everything is fine Cheesy

50ouncebrew

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To be honest if people find a great way to store them safely they wont tell you for security reasons but those are techy people. You can easily use cold store with hardware wallets, or paper wallets, as well as having a wallet on different phones, etc.

MineMax

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Although I often hold my bitcoin on neighborhood bitcoin,since I believe regional bitcoin has very good safety and till now I have in no way encountered any troubles with bitcoin that I retailer in the localbitcoin.

The Monkey King

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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

As for me, I consider that you shoud use a paper wallet or a coin wallet to keep your bitcoins. As we all know, we are all concerns about our bitcoins and how to keep our bitcoins safely. And I'm just keeping my bitcoins to an online wallet. I save all my bitcoins and hold it in a few days then wait for the price to get higher for a more earnings of bitcoin.

Decoded

legendary

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give me your cryptos

I personally don't trust any third party to hold my bitcoin, unless I actually have access to the coins, and an example of this is a multisig wallet, where I have two of the three keys.

Third party sites may be reputable, but in the event of an accident or even an attack against you from their end, it's their word against yours. And in nearly all cases, their word wins.

I wrote an extensive guide on this here - https://forum.bitcoin.com/alternative-clients/overview-bitcoin-wallets-what-s-the-best-for-you-t11689.html

Chrystora123

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Omicron is another FUD

of course I put my Bitcoin in the wallet, and some of my Bitcoin play in trading, profit from trading I put some in the wallet back , in future i want want to invesment my Bitcoin ..

ChrisJansen

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For trading i keep some, as little as possible in my exchanges wallet, but do not reccommend it to my friends. I advise them the offline wallet generator and then keeping the paper wallets (private keys) stored safely -in some cases in parts- at different locations. I would not want to lose my precious btc's in case of fire etc. I started working with the nano-s recently but do not like that i am not able to import private keys directly. Also need to find my way around all the chrome based wallet apps and entering my pincode repeatedly. I use electrum if i want to get the paper wallets to turn from cold to hot / live storage.

Succurs

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For me i consider you shoud use a paper wallet or make your own self-importance adress so you can have your personal non-public crucial. Nonetheless the greatest factor to retailer your bitcoins is in a paper wallet.or just shop your personal essential on some usb but nonetheless you ought to have a backup incase your usb gets corrupted. Or just place it in your local bitcoin wallet that you can believe in.

cramblimp

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We are all concerns about our bitcoins. I'm just keeping my bitcoin to my online wallet. I save all my bitcoin from that and hold in a few days waiting for the price to get more profit on it. If the price goes up I will cash it out to buy some stuff.

doblok

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I keep some bitcoin in my eth wallet and some I use as capital also meets the daily needs of the family.

primeminer

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i save Bitcoin in wallet online as Blockchain.info and Coinbase because both wallet it's very safe and very simple to use.

tyronecoinbit

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Quote from: kafiddrhman on September 29, 2017, 04:18:22 AM

For now i still store bitcoins in online wallets and exchange sites, but until now i've never had a problem with all those services. I keep it on the exchange site because to facilitate me in trading transactions with altcoin.

I also store my bitcoin in an online wallet and I don't also encountered any problem on it. For me, it's so legit that I don't have to worry and I can easily convert my btc into fiat. And I can easily pay my bills using that wallet. Anyway, I guess it's more secure when your wallet is 2fa supported.

kafiddrhman

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For now i still store bitcoins in online wallets and exchange sites, but until now i've never had a problem with all those services. I keep it on the exchange site because to facilitate me in trading transactions with altcoin.

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