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Topic: How do you keep your bitcoins? - page 31. (Read 48802 times)

sr. member
Activity: 406
Merit: 250
August 10, 2017, 09:50:22 PM
I only stock on my wallet because anytime the price of bitcoin will be heigher so my coin will be higher also. I havent time for trading because i am a student and i dont want to destroy my study for that, thats why i stock my coin on wallet only.
full member
Activity: 238
Merit: 100
August 10, 2017, 09:47:49 PM
Maybe all questions will be the same when there is asking this, but no matter what your luck is not that big, I think the online wallet is enough. Of course if your bitcoin much storage should be cool to keep it fresh.
legendary
Activity: 1372
Merit: 1008
August 10, 2017, 09:38:37 PM
I always keep my bitcoins safely in my electrum wallet.Even when the hard fork occured,i kept all of my bitcoins in that wallet only.Its easy to use.But it should be downloaded from the official website Electrum.org and if downloade from any other fake websites,it would lead to loss of all bitcoins.

I also keep my Bitcoin into Electrum wallet.But I always use blockchain wallet for the small transaction or daily uses.its easy to me use blockchain wallet.I only use electrum wallet for store Bitcoin for a long time.I also recommended all to use the online wallet for the small amount of transaction.
Yeah I also have desktop wallet, I use bitcoin core but the wallet I use to store bitcoin for the long term. For my day transactions of course I use an online wallet like blockchain because I think with the online wallet that can facilitate the flexibility in transacting
sr. member
Activity: 684
Merit: 250
Early Funders Registration: monartis.com
August 10, 2017, 09:23:40 PM
I have 3 wallets, 2 exchange wallets and the other one wallet with private key, most of my bitcoin is on my wallet with private key cause i know that my bitcoins is safe there. Maybe 30% of my bitcoins is on exchanges.
newbie
Activity: 56
Merit: 0
August 10, 2017, 08:58:55 PM
I think it is stupid to store your btc on someone's website, go download the wallet, store it on your computer, turn off the internet connection - and you are 100% safe.

Leason learned here pal i stored thru investment my bitcoins thru website hoping that it will be more than be kept but it will grow but after 3 months of expecting the site totally gone with my bitcoins. So i suggest to that bitcoins should be keep thru reliable wallet.

ouch! that is a painful lesson to learn! hopefully others will take note Huh
full member
Activity: 245
Merit: 107
August 10, 2017, 08:24:17 PM
I am using Coinomi wallet from nearly 2 years never had any problems.

I don't really have bitcoin that much though I save mine with the use of coins bitcoin wallet. It is very efficient and veey easy to use though it is an exchanger which is not a preferred bitcoin wallet because it don't give you your wallet's private key. I've been usung it for months now.
hero member
Activity: 882
Merit: 500
August 10, 2017, 08:20:52 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 don't think thwt you are safe with any third party wallet because as per your requirement you want to go after the 5-10 years then it will be not better for you to keep in third party wallet and even in exchange .
Here for example if you will not your poloniex ACCOUNT then it will be freezed by the poloniex ( that is not a fair policy because my 2 friends faced this thing ) .
So here my suggestion for you to get only official wallet , like blockchain . Or just create account in the mycelium and then export your private and place at safe place .
In this way if your bitcoin will remain in such types of the wallet then no chance for anyone to give problem with your btc .
hero member
Activity: 2520
Merit: 952
August 10, 2017, 08:12:07 PM
I am using Coinomi wallet from nearly 2 years never had any problems.
sr. member
Activity: 812
Merit: 260
August 10, 2017, 08:08:57 PM
i keep my bitcoins in JAXX  Wink People dont like JAXX and dont think its secure enough but it does the job for me
full member
Activity: 854
Merit: 108
August 10, 2017, 08:01:51 PM
I think it is stupid to store your btc on someone's website, go download the wallet, store it on your computer, turn off the internet connection - and you are 100% safe.

Leason learned here pal i stored thru investment my bitcoins thru website hoping that it will be more than be kept but it will grow but after 3 months of expecting the site totally gone with my bitcoins. So i suggest to that bitcoins should be keep thru reliable wallet.
newbie
Activity: 56
Merit: 0
August 10, 2017, 06:34:39 PM
I think it is stupid to store your btc on someone's website, go download the wallet, store it on your computer, turn off the internet connection - and you are 100% safe.

I would agree. It's best to not take chances with it. I know people who keep their Bitcoin on exchanges and I can't for the life of me figure out why.
sr. member
Activity: 284
Merit: 250
August 10, 2017, 06:25:13 PM
I think it is stupid to store your btc on someone's website, go download the wallet, store it on your computer, turn off the internet connection - and you are 100% safe.
copper member
Activity: 658
Merit: 284
August 10, 2017, 06:11:54 PM
I keep my bitcoin in two online bitcoin wallets; Xapo & Blockchain.info

They are very powerful, highly secure, and user friendly as well. I like them both because of ease access to my wallet whenever I want to buy something with bitcoins online.
full member
Activity: 145
Merit: 100
Blocklancer - Freelance on the Blockchain
August 10, 2017, 11:18:15 AM
I store the bitcoin in the refrigerator to keep it cool and keep it fresh as new, lots of storage methods that keeps it cool. A hard wallet will hold the bitcoin for longer so use the hardware wallet.
hero member
Activity: 986
Merit: 516
August 10, 2017, 10:55:21 AM
I always keep my bitcoins safely in my electrum wallet.Even when the hard fork occured,i kept all of my bitcoins in that wallet only.Its easy to use.But it should be downloaded from the official website Electrum.org and if downloade from any other fake websites,it would lead to loss of all bitcoins.

I also keep my Bitcoin into Electrum wallet.But I always use blockchain wallet for the small transaction or daily uses.its easy to me use blockchain wallet.I only use electrum wallet for store Bitcoin for a long time.I also recommended all to use the online wallet for the small amount of transaction.
sr. member
Activity: 420
Merit: 250
August 10, 2017, 10:46:48 AM
I always keep my bitcoins safely in my electrum wallet.Even when the hard fork occured,i kept all of my bitcoins in that wallet only.Its easy to use.But it should be downloaded from the official website Electrum.org and if downloade from any other fake websites,it would lead to loss of all bitcoins.

Yeah electrum wallet is the most secure place to keep your bitcoins and even the features of electrum are very friendly and its very easy to recover your bitcoins if anything goes wrong with your computer the only thing you have to be careful that you save wallet seed at safe place.
hero member
Activity: 686
Merit: 500
August 10, 2017, 10:43:19 AM
I always keep my bitcoins safely in my electrum wallet.Even when the hard fork occured,i kept all of my bitcoins in that wallet only.Its easy to use.But it should be downloaded from the official website Electrum.org and if downloade from any other fake websites,it would lead to loss of all bitcoins.
full member
Activity: 364
Merit: 106
August 07, 2017, 04:28:23 PM
Now I keep my Bitcoin in Online wallet,like coinbase, Blockchin and XAPO. I know it’s not 100% safety But I don’t like to keep in desktop wallet also. Maybe viruses catch my wallet.  Now I have plan to use offline wallet to keep safe my Bitcoin
I also store their bitcoins in an electronic wallet Xapo. It is very convenient. As for viruses from it nobody is insured. Do you think your computer is immune from viruses and offline storage of bitcoins safe? Xapo when removing sends a request to mobile and your computer will be silent.
sr. member
Activity: 532
Merit: 284
August 07, 2017, 04:15:36 PM
Now I keep my Bitcoin in Online wallet,like coinbase, Blockchin and XAPO. I know it’s not 100% safety But I don’t like to keep in desktop wallet also. Maybe viruses catch my wallet.  Now I have plan to use offline wallet to keep safe my Bitcoin
Well if you think about it, no one has a 100% security, it just that it depends on the person who're using it. If you have large amount of Bitcoin then you can either have multiple 'online' wallets for you to scatter all of you coin and most likely to avoid being stolen because of having just few amounts of Bitcoin in each wallet. You could try having a 'Hardware' wallet or what we call 'Cold' storage where you are having a wallet offline in your desktop or laptop. Although watch out for viruses, it is recommended to have a strong security.
full member
Activity: 476
Merit: 100
July 15, 2017, 02:56:57 AM
Now I keep my Bitcoin in Online wallet,like coinbase, Blockchin and XAPO. I know it’s not 100% safety But I don’t like to keep in desktop wallet also. Maybe viruses catch my wallet.  Now I have plan to use offline wallet to keep safe my Bitcoin
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