Topic: How do you keep your bitcoins? - page 22. (Read 48802 times)
I keep my coins in a web wallet, another in a third party web wallet which is base locally so that I can immediately just deposit my money to my bank account if I need fiat and then in an exchange. I know that their advise is to not store coins in an exchange because if you don't have the private keys then it is not your coin but then I only have a little amount of coins so if I withdraw it from time to time then my coins would eventually be eaten by transaction fee so I choose to leave it in an exchange so that when there are trading opportunities, I can immediately buy the coin.
i keep my bitcoins in a cold storage wallet. 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 . As long as you do that, you should be fine.
i will put it in paper wallet that are properly generated offline and securely stored are immune to hacking/malware/etc. The idea is you never enter the private key into a networked computer until you're ready to spend the Bitcoin, and even then you can sign the transaction on the offline computer and transfer it to an online computer for transmission using software like Armory. The only way they could be compromised is by physically stealing the printed private key, or perhaps a weakness in the cryptography.
I'm planning to buy a ledger nano S, I read very good reviews about it, you see check them yourself here https://www.buybitcoinworldwide.com/wallets/ledger-nano-s/
by saving them in cold storage, but we have a blockhain apps that we can save a lot of bitcoin.. remember to copy your secret key and keep it on a safe place
I want to buy a lot of Bitcoin to buy and hold for a few months and not sure how to do it safely. I used to use offline paper wallets but I’d rather use a hardware device to hold my Bitcoin. I was thinking about holding some on Blockchain wallet as well.
btc charge is large so now i do not maintain. current time i market my btc. right after some time when btc charge is reduced. i get and hold. i hold my btc online wallet. it' s believe in wallet.
i use mycelium. as long no one know the password i think it save, cause sometimes the problem is on people mistake
What is your opinion of Electrum Bitcoin wallet?How is Mycelium better then Electrum?
i use mycelium. as long no one know the password i think it save, cause sometimes the problem is on people mistake
I keep my Bitcoin in an online coinbase wallet. But many say it's a lot of risk. But I do not think the risks. Because I have enough privacy. I do not trade. Because I do not have so much money. So I withdraw money while I need it.
Yes it is risky in online wallets, but if you're using it only for your daily or weekly needs then its fine. Its only risky to HODL in some online wallets, so it is recommended to own many online wallets and scatter your coins, for safety purposes that is. And every online wallet has its own security and confirmation so make sure to do those things, it is your responsible really. But if you really have such amount of coins then use hardware wallet since it has the most security so far.
What is your opinion of Electrum Bitcoin wallet?
I keep my Bitcoin in an online coinbase wallet. But many say it's a lot of risk. But I do not think the risks. Because I have enough privacy. I do not trade. Because I do not have so much money. So I withdraw money while I need it.
Yes it is risky in online wallets, but if you're using it only for your daily or weekly needs then its fine. Its only risky to HODL in some online wallets, so it is recommended to own many online wallets and scatter your coins, for safety purposes that is. And every online wallet has its own security and confirmation so make sure to do those things, it is your responsible really. But if you really have such amount of coins then use hardware wallet since it has the most security so far. 
I keep my Bitcoin in an online coinbase wallet. But many say it's a lot of risk. But I do not think the risks. Because I have enough privacy. I do not trade. Because I do not have so much money. So I withdraw money while I need it.
I don't earn such a large amount of bitcoins so in my case when I already receive the bitcoins I earned on campaigns I already converted it into the currency in my country and cash out them. Then after that the money I got will be placed either on my secret stash or I just put them in my bank if I decided not to hold them in my home.
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
Don't put your bitcoins on paxful I heard some bad reviews about that site on sitejabber. Rather than paxful store your bitcoins on an offline wallet to keep it secure.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 recommend you use Electrum wallet. Electrum provides you with a 12 word that you can use to restore your wallet if it is lost. So signup on electrum, save that 12 word,comeback after 5-10 years and use that 12 words to access your accnt
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. 
I dont have so many bitcoins to install desctop wallet , especially that my laptop is not so strong.under this circumstance i keep my bitcoins on bitrexx walet.
I agree with your point of view, Using web wallets is very handy than using desktop wallets very much but it has a lot of limitations and certain risks. These things can not be avoided as a user, not the person who created them.
I dont have so many bitcoins to install desctop wallet , especially that my laptop is not so strong.under this circumstance i keep my bitcoins on bitrexx walet.
currently using blockchain.info wallet, since I don't trade with huge amounts of bitcoin and I'm keeping it safe as much as I can and also, as soon as I recieve the bitcoin, I trade it asap for fiat so I barely have anything on my wallet right now. 
Me im using coins.ph as my wallet. For all the bitcoin that I Receive from signature campaign I keep it there because it was the safest wallet here in our country and its easy to convert to our fiat and I can easily used it to buy things that I want. Coins.ph was only wallet that I trust most because it was made for filipino people. But I also have blockchain.info wallet but only few lf my bitcoin was there.A good wallet to use and only the philippines who use it but does it work complicated for Filipinos?
I keep some of my bitcoins in wallet for them to grow their value in future,and invest the remaining BTC by buying some other crypto like ETH as an asset so that they would become profitable in future.
For me investment is a good way to keep bitcoins as by them we can distribute our earnings so that no one can hack in and take all of them .
Every investment has some amount of Risk , but if we study about the thing that we are investing in we can reduce the chances of failure.
For me investment is a good way to keep bitcoins as by them we can distribute our earnings so that no one can hack in and take all of them .
Every investment has some amount of Risk , but if we study about the thing that we are investing in we can reduce the chances of failure.
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