Hello OP
i usually keep my bitcoins in trading sites or investment box on yobit. I get a good profit there. I keep on trading and investing. I usually purchase altcoins at low price with my bitcoins and then sell them when they are high. I get a good profit there by trading. And also i have invested some of my bitcoins in investment box on yobit. i also get a good daily profit there. Its useless to just purchase and store bitcoins. infact investment gives us more profit. As we all know bitcoin price is not stable and it can change. any moment.
Topic: How do you keep your bitcoins? - page 32. (Read 48802 times)
i have two types of wallets, one is online blockchain and another is offline. for holding i save them on the my offline wallet. and for trading and buying things online i use blockchain.
We keep the "trading" balance on the exchange, but that is never more than 10 BTC, and it never should be. The amount that you keep out there on the internet is a completely losable amount and always should be.
Yeah, the same here. I have two wallets with the HODL's and the rest of the balance is on the exchange and is just for trading basically. You should not keep your HODLINGs there.
There is nothing that is going to protect that amount in the event that something happens and there is no recovering that if something happens. The rest is kept in a protected and backed up software wallet.
I keep them separated in two wallets:
* blockchain.info , 0,1 or so using it to pay for a faucet and hosting
* Electrum, around 1 BTC keeping it as storage.
* blockchain.info , 0,1 or so using it to pay for a faucet and hosting
* Electrum, around 1 BTC keeping it as storage.
We keep the "trading" balance on the exchange, but that is never more than 10 BTC, and it never should be. The amount that you keep out there on the internet is a completely losable amount and always should be.
Yeah, the same here. I have two wallets with the HODL's and the rest of the balance is on the exchange and is just for trading basically. You should not keep your HODLINGs there.
We keep the "trading" balance on the exchange, but that is never more than 10 BTC, and it never should be. The amount that you keep out there on the internet is a completely losable amount and always should be.
I have my bitcoins in several wallet and I'm using coins.ph,blockchain, and xapo. All of my bitcoin are stored on several addy because it's better than having only one addy and it's more securable or it's just better to have several addy for security purposes
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. 
Well, I keep my bitcoin on an online wallet because I know that my bitcoin is safe and secure. In addition to that, there are lot of people who use online wallet because you can use it to pay your bills and transfer money instantly. However, there are still people who use the offline wallet that you need to install in your computer or laptop. 
Hardware wallet
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 are going to store for ling term, I would recommend you yo use online wallet instead if hardware wallet or paper wallet for such reasons. If you prefer hardware/paper wallet, you might lost it and you couldn't reccover it. Another thing, if your computer/hardware malfunctioned and its date was destroyed, you can't recover it anymore unlike in online wallets where in you can mamximized its security and it's easy to back up if here is trouble could happen. 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'm storing it on my online wallet. I know it is safe and it is not near in the danger. Storing is effective way to increase your btc. It also considered as investment if you store your bitcoin in your wallet.
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.
Indeed. I keep my bitcoin in online wallet because I think my bitcoin is totally safe and secure. In addition to that, by using online wallet you can your bills easily and you can transfer money instantly. However, there are still people who use the offline wallet or hardware wallet that you need to install in your computer. 
Keeping in exchanges is surely risky but the worst place to ever store yout bitcoins is on paxful. I had 2fa , ip lock and everything they had told me to do still somehow their site someone logged in to my account and withdrew 0.05 btc. Keeping on computer or online wallet is risky. Just google cold storage that is the sagest way to keep your bitcoins
Is it possible that people who have taken bitcoin from your account already know your private key ?? I get this experience from my friend, bitcoinnya often suddenly disappeared when never did any transaction. After investigation, my friend once shared a private key from his wallet
If you're really talking about having that much Bitcoin, I would suggest having a look at a hardware wallet. These are essentially separate mini-computers which cannot be infected with malware as they do not transfer private keys with other computers to transfer. I don't have that much of an understanding since I don't have enough Bitcoin to bother, but you could read up on TREZOR, which I know is a pretty prominent one. If you're not too concerned about malware you could have an offline wallet which would be 99.999% safe anyway. Definitely wouldn't keep them online though because once you're hacked you're screwed.
I always have 3 backup of my wallet and login ID.
That is the misunderstanding of most of the people because they put their bitcoin on trading site because in overall, trading sites are not trusted to keep our bitcoin because they are prone to hacks which can stole our bitcoin and just lose it. We ca store our bitcoins in a desktop wallet or hardware wallet (based on what you prefer) because they are both good to store bitcoin as long as you know how to maximize your security.
For a hard trader that plays lots of quantity of coins every trades, putting it on a wallet will just result for missed opportunities especially when there is a price increase that is happening. That's why as you can saw at the trading site's sell history, you can see some of them really spending lots to buy bitcoins which average bitcoin users can't reached.
This is a battle of honesty. Once you put your coins on a trading site, you need to trust them. If you don't want to do traders anymore then that's the time you will leave the trading and store now your coins to the most recommended one.
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
Storing your bitcoin in a trading site was a good idea but you can also use bitcoin wallet in storing them and at the same time you can use bitcoin to buy thing in some stores. But make sure that your trading site or bitcoin wallet is a trusted site so there will be no problem.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
yeah the worst thing if the trading site is scam
your bitcoin will instantly gone
so put in the trusted trading site to take safe way
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
Storing your bitcoin in a trading site was a good idea but you can also use bitcoin wallet in storing them and at the same time you can use bitcoin to buy thing in some stores. But make sure that your trading site or bitcoin wallet is a trusted site so there will be no problem.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
yeah the worst thing if the trading site is scam
your bitcoin will instantly gone
so put in the trusted trading site to take safe way
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
Storing your bitcoin in a trading site was a good idea but you can also use bitcoin wallet in storing them and at the same time you can use bitcoin to buy thing in some stores. But make sure that your trading site or bitcoin wallet is a trusted site so there will be no problem. 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
And how sure are you that the coins actually get sent and received in your already stored and tucked to safety wallets bearing in mind that lately some Bitcoin transactions don't get confirmed? I will like to know if there's another way of knowing this apart from the blockchain info.
If you're making use of a reputable service to buy your coins from, they will very likely include a decent enough fee that will grant you a sub 5 block confirmation. Thus far almost every withdrawal to my own cold wallets have resulted in sub 2 block confirmations. Concerning your other question -- if everything is stored in a safe, then there is not much to do other than to regularly check your address through various explorer sites. Is that a problem?
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