How do you keep your bitcoins? - page 20.

Hannahanto

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Quote from: ?? on ??

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

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

The best way to store bitcoins is with hardware wallet and you can easily download it. And of course for backing up just make sure you got a proper storage of that wallet so that whenever you want to get it, you can have it easily. Online wallets are risky but if you do trust them go for it, just make sure you are aware of what can happen to them anytime.

Yes, better to save bitcoins in wallets.All the wallets are well secured when it was made. choose one of them and save it safe. Once bitcoins comes into btc address in wallet, i usually exchange it for paying bills. My basic things are bought with bitcoins.

ipanks

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for sure i keep my bitcoin in mycelium, jaxx, coinomi, bitcoin core wallet although i have the other btc in poloniex and bittrex exchanges. until now i am trading btc pair fiat so i have opportunity to increase my bitcoin amount. after i got profit, i send it into my other wallet like i mention above so i can keep more bitcoin in my wallet.

Hasan905

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I keep my bitcoin on coinbase. It is safe and easy to use and there is no transection fee between coinbase user.

hardiyanto

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Activity: 66

Merit: 10

I save my bitcoin on a secure exchange. for if I suddenly need money I can trade it for it in my country.

Bluestreet

legendary

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I don't have much bitcoins with me but whatever I have I keep them invested in a few places like if I have enough coins to buy a physical coin then I buy it as i like physical coins so I put some of my bitcoins in them, if there is a new project coming in which I am having intrest then I invest my coins in there. The balance that I have remaining I keep in my hardware wallet.

Mr.john

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Activity: 102

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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

For me, im just want to keep my bitcoin by investing on it. I will hold it for a very long period of time, and i will wait the time that the price of bitcoin is so very high. To invest, is a good way that i think to keep my bitcoin, because my money will have a possibility to become double or to increase it numbers and by investing in bitcoin for me i am so profitable on it. In bitcoin it is very safety to keep our earned some BTC on it, and im sure that it is not easy to hack our account, by the hackers. In addition, i keep my bitcoin because of my future purpose in my life, i want to keep bitcoin in long period of time, so in future if i will get old i have my own money that i can used into my life, so i can depend into myself not to ohters. Finally, i believe that after so many years i will have so many bitcoins, just for now im just want to keep my bitcoin.

BeGoods

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Quote from: millgates on September 20, 2017, 05:03:49 AM

Quote from: pearlmen on September 18, 2017, 07:43:04 AM

I practically have account in all the online wallets but I don't use them and its because of the conflicting information on the forum that one have to read on the safest one to use. I use blockchain mostly because of its flexibility why I also use Electrum for long term savings and basically its due to August 1 need to coins safe.

Use different online wallet is good to determine which online wallet is the best one. Blockchain wallet is very good in flexibility and transparency in showing a transaction on bitcoin. In this wallet we can see the hours, date, month, year, a transaction on the bitcoin is done. There is good feature in this wallet namely quick send, by using this feature we can send bitcoin without having to set the amount of fee. I'll keep using this wallet for store small amount of bitcoin no matter what.

even without setting a set of fees it will make you lose money #imo,, usually a blockchain will provide a fee recommendation for your transaction to be confirmed in less than 10 minutes but at least you need 30k-50ksatoshi for fee in the blockchain and it's a very expensive fee right? whereas I can use fee only 10k satoshi using other wallet (cheaper)? I myself use the exchange to store my bitcoin lol. at least I get a cheap fee,, because I include people who often make transactions using bitcoin

yojodojo21

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Actually because of the volatily of bitcoin, I am not keeping huge amount of bitcoin in my wallet.
This how I do.
For example : I have 0.004 bitcoin, then I will convert it to peso. My currency in Philippines,
But it doesn't actually mean that I will convert all.
I keep some bitcoin.
With the price of some like 200 peso converted into bitcoin form my investment.
And sometimes I'm investing in any trusted sites.

Lancelot04

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Activity: 126

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I don't know if I should tell it here because of many hackers roaming off the internet, but I will tell it anyway. Some of my Bitcoin are on exchanges for trading, and some of it is hidden on my computer with the private keys that is very secure because I wrote it down at didn't save it on the computer or any other tools inside a computer. I keep it with my life.

aanbudi

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I save my Bitcoin, in the wallet Exchanger to easily convert to my local currency IDR, when needed.

CryptoTech_

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my advice if you want to hold bitcoin for 5-10 years
use hardware wallet, it's better than you keep it on the exchange site.
using hardware wallet all in your hands, you will not lose your bitcoin except your own carelessness
but if you keep it on the exchange site, it's very risky. can be exposed to hack or exchanger site it scam

Recomended Hardware Wallet : Trezor, and Ledger Nano S

davids

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Activity: 735

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i using an web wallets since it was first located in bitcoin. but until now they never deceive me. web wallet the sending and receiving of payment is so easy and hassle free

Sahabat_

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Quote from: SnapDown22 on September 28, 2017, 10:22:30 PM

I prefer storing my bitcoin in a secure offline wallet. no more trust to save than that especially an exchange. because many cases of fraud!

indeed many cases of fraud today but that does not make us have to be afraid, we need to do is more thorough in doing something and the most important is when entering the website address because that section is often a target of fraud

SnapDown22

sr. member

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I prefer storing my bitcoin in a secure offline wallet. no more trust to save than that especially an exchange. because many cases of fraud!

innocent_one

newbie

Activity: 14

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The best way to store Bitcoin is a paper wallet and I'm currently using Mycelium.
Since I don't do high exchanges with my money it a pretty good method for me.
And if you are using paper wallet then make it is secured with private keys .

claudiotiego

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For everyone who wants to keep a large amount of bitcoin, I suggest to place them in a hardware wallet. There are many good options avaliable (electrum, jaxx, etc). I do not recommend to keep bitcoins in online wallets, lke blockchain.info for example, it's too risk because you dont have control of your private keys.

untugede

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Quote from: cepedacharles29 on September 28, 2017, 09:50:04 PM

I will keep my bitcoin in a better place and more secure like a bank here my money will be stored properly and will be returned unobstructed and for me to raise money. And I can also hide it in the online wallet because it's also secure and keeps my money and it's possible for my home to hide my money because it's more important for me to keep it as much as I can see my money far from me.

save money in the wallet I think is very safe and depends on each individual if there is a mistake
and save on the wallet can also be an investment that will be very useful in the future so it will be very helpful

cepedacharles29

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Activity: 168

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I will keep my bitcoin in a better place and more secure like a bank here my money will be stored properly and will be returned unobstructed and for me to raise money. And I can also hide it in the online wallet because it's also secure and keeps my money and it's possible for my home to hide my money because it's more important for me to keep it as much as I can see my money far from me.

949miner

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Activity: 448

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I store all my bitcoins on an offline wallet, because i think it is more safe to keep them in there that have them in an exchange or in coinbase, xapo, etc. I am the only who has access to my wallet and that makes me feel more secured. And i have my altcoins on myetherwallet, i dont need to much security in there since i dont have too many money in altcoins.

peterthegreat

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Activity: 387

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I keep my bitcoins in cold storage which means they're offline in a hardware wallet, or paper wallet. The key is to diversify and use 2fa on everything you can.

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