Topic: How do you keep your bitcoins? - page 33. (Read 48802 times)
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
I didn't see anyone think of a way that would resist:
THE WORST THAT CAN HAPPEN
Computer Technology Corruption such as online or hardware hacks that destroy or are watching your key/s when you are transacting are a threat. Another possibility I find in my research is that there could be an EMP bomb over the skies that fries all electronics, there are solar flares all of the time, and one could randomly hit earth frying all electronics. There are bad government actors that can access the cell and wireless towers which could be turned up to fry electronics. Wars are a common threat in civilization now and throughout history because of the depraved getting rich quick by hoarding all of the money information, laws, deeds, beliefs, rules, disinformation, and political/corporate/bank/government/cult/pseudoscience deception. Blochchains are meant to prevent those things simply by keep records straight and balanced truthfully, but the above threats still loom more than ever in these days of unconventional warfare or science wars which use all forms of phenomena in massive, elusive ways without using a single gun or bomb like before.
Also you can break computers. They can be stolen. They can be lost or whatever. People lose their things. That's the fact.
Essentially your bank is your computer, someone else's computer, and it is electricity and a combination of data for the most part. That means that you have to make sure that it is never able to be compromised by any elements including others, yours errors, or elements otherwise. If you lose a little money, hey, everyone does that. I've lost twenties, change, and a few hundred dollars once. I literally through my work checks in the demolition heap at a job site with my lunch garbage when I was 19.
PAPER WALLETS
I know people want to store on paper. The paper wallet trick. It's a good idea, but paper and ink disintegrate most easily. You can also lose it by dropping it, whatever it is in gets stolen, or you forget where you put it, or you move, or you anything, and it's left behind etc etc etc.
METAL WALLETS OR METAL KEYS
I suggest what is better than paper for long termers that are hardcore preppers or you know who you are...engrave the keys into metal. You could just scratch it on metal where there is no one that will ever do anything anyway which is always covered up and it's not possible anyone will look there. It could be a shed, a building, in a wall, on pipes under sinks, in the attic, in the basement works, in the utility room works, pull the washer and dryer out or something tack it on there, pull a panel off of the car, weld it onto big rig equipment machinery or metal supplies or tools or something like that or a beam inside of a building etc.
You can take a little dremel with a cord or with a battery or some kind of drill like that, and just go carve it in the metal, rock, or whatever. These tools and the supplies are cheap on ebay, craigslist, etc etc etc.
Things can happen though. Cars can be pulled away. Cars can be stolen and wrecked. The house can burn down, and the washer and dryer or whatever could be so badly warped that the scratch on engraving and even drill engraving would be unrecognizable if it's even accessible in the first place before the bulldozers come push up the junk, and haul it all away. If it was in the basement or something like that, a burnt house would cave right into that hole you call a basement. Good luck getting it out of that.
Scratch on a piece of metal may wear away over time like say a decade or multiple decades.
Perhaps getting a grouter and carving out of the most inconspicuous place on a concrete foundation or something like that would work.
Perhaps having keys engraved in metal strips by an engraving machine, and then bury the keys where you can't forget. Use significant landmarks which can't be bulldozed over or lost to mudslides, flood erosion etc. Think ahead, and think what the world does. If it can do it, it probably will happen to it. Just think like that. You are number one with a bullet. That lifetime of yours and that key could mean everything someday, so think about it hard. Think about it again. Think about another time. And think about it again. I used to be an arborist that climbed and rigged all of the trees. Always quadruple checking the bites I was hanging on and what the tree sections etc were hanging on just wasn't questionable because my life, the fellas below my rigging, and the power lines, cars, houses etc below........... Nothing can beat you except for yourself in these cases.
If you go the engraving route, look for one that you can engrave yourself. I know that there are places that let people do there own. Search around for the maker workshops or even machinist shops, and drop them some cash to use it. Perhaps even pick up something cheap from ebay or craigslist etc to engrave, and pick up many pieces of metal. Just metal striplets can be as many of the same keys or duplicate keys as you want and ever need for each kind of coin that you are banking.
Consider access to water, and consider access to salt water especially. Rain and sprinklers will rust, and salt water rusts almost instantly in terms of a few years.
STONE WALLETS
YOU MAY LIKE STONE. YOU CAN ACCESS FINE STONE SLICES CHEAPLY, AND ENGRAVE ON THOSE. START SEARCHING ONLINE OR ELSEWHERE. ENGRAVE DEEP ENOUGH THAT NOTHING'S GOING TO WEAR OFF THE CHARACTERS. NO WEATHER, SPRINKLERS OR ANYTHING WILL GET THEM UNLESS THE LAND IS WASHED AWAY OR BULLDOZED AWAY BY PEOPLE BUYING UP REAL ESTATE OR BUILDING THINGS.
THE WORST THAT CAN HAPPEN
Computer Technology Corruption such as online or hardware hacks that destroy or are watching your key/s when you are transacting are a threat. Another possibility I find in my research is that there could be an EMP bomb over the skies that fries all electronics, there are solar flares all of the time, and one could randomly hit earth frying all electronics. There are bad government actors that can access the cell and wireless towers which could be turned up to fry electronics. Wars are a common threat in civilization now and throughout history because of the depraved getting rich quick by hoarding all of the money information, laws, deeds, beliefs, rules, disinformation, and political/corporate/bank/government/cult/pseudoscience deception. Blochchains are meant to prevent those things simply by keep records straight and balanced truthfully, but the above threats still loom more than ever in these days of unconventional warfare or science wars which use all forms of phenomena in massive, elusive ways without using a single gun or bomb like before.
Also you can break computers. They can be stolen. They can be lost or whatever. People lose their things. That's the fact.
Essentially your bank is your computer, someone else's computer, and it is electricity and a combination of data for the most part. That means that you have to make sure that it is never able to be compromised by any elements including others, yours errors, or elements otherwise. If you lose a little money, hey, everyone does that. I've lost twenties, change, and a few hundred dollars once. I literally through my work checks in the demolition heap at a job site with my lunch garbage when I was 19.
PAPER WALLETS
I know people want to store on paper. The paper wallet trick. It's a good idea, but paper and ink disintegrate most easily. You can also lose it by dropping it, whatever it is in gets stolen, or you forget where you put it, or you move, or you anything, and it's left behind etc etc etc.
METAL WALLETS OR METAL KEYS
I suggest what is better than paper for long termers that are hardcore preppers or you know who you are...engrave the keys into metal. You could just scratch it on metal where there is no one that will ever do anything anyway which is always covered up and it's not possible anyone will look there. It could be a shed, a building, in a wall, on pipes under sinks, in the attic, in the basement works, in the utility room works, pull the washer and dryer out or something tack it on there, pull a panel off of the car, weld it onto big rig equipment machinery or metal supplies or tools or something like that or a beam inside of a building etc.
You can take a little dremel with a cord or with a battery or some kind of drill like that, and just go carve it in the metal, rock, or whatever. These tools and the supplies are cheap on ebay, craigslist, etc etc etc.
Things can happen though. Cars can be pulled away. Cars can be stolen and wrecked. The house can burn down, and the washer and dryer or whatever could be so badly warped that the scratch on engraving and even drill engraving would be unrecognizable if it's even accessible in the first place before the bulldozers come push up the junk, and haul it all away. If it was in the basement or something like that, a burnt house would cave right into that hole you call a basement. Good luck getting it out of that.
Scratch on a piece of metal may wear away over time like say a decade or multiple decades.
Perhaps getting a grouter and carving out of the most inconspicuous place on a concrete foundation or something like that would work.
Perhaps having keys engraved in metal strips by an engraving machine, and then bury the keys where you can't forget. Use significant landmarks which can't be bulldozed over or lost to mudslides, flood erosion etc. Think ahead, and think what the world does. If it can do it, it probably will happen to it. Just think like that. You are number one with a bullet. That lifetime of yours and that key could mean everything someday, so think about it hard. Think about it again. Think about another time. And think about it again. I used to be an arborist that climbed and rigged all of the trees. Always quadruple checking the bites I was hanging on and what the tree sections etc were hanging on just wasn't questionable because my life, the fellas below my rigging, and the power lines, cars, houses etc below........... Nothing can beat you except for yourself in these cases.
If you go the engraving route, look for one that you can engrave yourself. I know that there are places that let people do there own. Search around for the maker workshops or even machinist shops, and drop them some cash to use it. Perhaps even pick up something cheap from ebay or craigslist etc to engrave, and pick up many pieces of metal. Just metal striplets can be as many of the same keys or duplicate keys as you want and ever need for each kind of coin that you are banking.
Consider access to water, and consider access to salt water especially. Rain and sprinklers will rust, and salt water rusts almost instantly in terms of a few years.
STONE WALLETS
YOU MAY LIKE STONE. YOU CAN ACCESS FINE STONE SLICES CHEAPLY, AND ENGRAVE ON THOSE. START SEARCHING ONLINE OR ELSEWHERE. ENGRAVE DEEP ENOUGH THAT NOTHING'S GOING TO WEAR OFF THE CHARACTERS. NO WEATHER, SPRINKLERS OR ANYTHING WILL GET THEM UNLESS THE LAND IS WASHED AWAY OR BULLDOZED AWAY BY PEOPLE BUYING UP REAL ESTATE OR BUILDING THINGS.
Of course, my choice those bitcoin wallets which have strong security option, have private keys enable feature. As I know it is very important to secure and back up my bitcoin wallet. Here, cold storage is considered one of the best wallet.
I have 5 different USB drives with Wallet files locked in a safe. I keep my public addresses to those files on a spreadsheet on my computer. Probably a better way, but thats just how I do it and am comfortable with this method.
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.
I have 5 different USB drives with Wallet files locked in a safe. I keep my public addresses to those files on a spreadsheet on my computer. Probably a better way, but thats just how I do it and am comfortable with this method.
I deposited all my bitcoin to trading platform.
I have no plan to keep it to local or hardware wallet.
I have no plan to keep it to local or hardware wallet.
The best way to store your crypto is in a hardware wallet. I really recommend the Trezor, I recently got one and the peace of mind it brings is worth every satoshi I paid for it.
i think bitcoin hardware is quietly good, and interesting . i dont even try it before but my friends told me that , that could be good and nice. many people are using it now and they want it because they can use them or they can see it even it is offline as far as i know if im not mistaken, but for me even an online wallet is good as long as you have a security options on it.Anyone wondering what a trezor is ? Well, check here : https://trezor.io
But that said, the best and most safe way as far as I am concerned is by printing the private key on a paper and then just store as much a you can, no risk, nothing !
I usually keep my bitcoin at coins.ph wallet here in the philippines because thats the fastest way to convert bitcoin to fiat money then coins.ph can be use also to pay water or electric bills. It can also be use to load my phone thus coins.ph is so good wallet to use.
I have a very small amount in my wallet. I have yet to own a significant amount of BTC though. I am currently planning to convert some peso fiat into BTC and try to practice crypto trading. Cryptos right now seem to grow in value real quick.
In able to keep your bitcoin you can use coins.ph as a wallet for your bitcoin.You canalso use the poloniex it is an online money trading where you can invest your bitcoin,you can also sell and buy bitcoin that will enable your bitcoin to grow.
We have the same way of storing bitcoins--in a trading site. Poloniex and bitterex for mine. I guess it is because we are holding a small amount of it. It is actually doing some movements though, some are traded with some other cryptocurrencies. For now, the larger portion will be in a buy and sell movement. And a little portion is being held for a while, waiting for the right time and price to be sold.
But when storing a huge amount of bitcoin, perhaps the suggestions of most people here which is to use an offline wallet sounds great.
But when storing a huge amount of bitcoin, perhaps the suggestions of most people here which is to use an offline wallet sounds great.
I keep my bitcoin in our local exchanger wallet. You can cashout anytime,pay your bills anywhere you are buy airtime load and so much more, this is all in one package app. Didnt encounter any problem since i use it 2 years ago.
I prefer storing my Bitcoins offline, since I know that they are in a safe place where no one will reach them except for me. But what I am doing now is that I store them on both online and offline wallets. I saved a certain percentage in my online and a certain percentage in my offline since I know that I use Bitcoins on a daily basis. For daily basis use of Bitcoins I use online wallet.
The best way to keep one's Bitcoin safe is to break the storage into bits. Don't ever store all your bitcoins in one wallet no matter how safe the developers say the wallet is. Hackers are everywhere and most times transactions done, especially like on blockchain, can be traced to have a rough estimate of what a wallet may be having. Also, use combinations in the password to make it difficult for hackers to access.
yes its true don't keep your bitcoin in one wallet i totally agree with you because i have some bitcoin and i safe my bitcoin in different wallet its for long time because i don't believed in some wallet .and some of bitcoin are use in trad for earning money. 
Quote
How do you currently store your coins
The best way to store your crypto is in a hardware wallet. I really recommend the Trezor, I recently got one and the peace of mind it brings is worth every satoshi I paid for it.
You bet, because this is a very safe place where we could store our bitcoin without worrying of it being hack. Hardware wallet is a little bit expensive but it is worth it, hardware wallet is too hard to hack unlike those web wallets out there which is very vulnerable. Blockchain have lost $400 million worth of bitcoin way back 2015(correct me if I'm wrong) because someone hack it, but the hacker was caught by the authority.
But since this hardware wallet is a little expensive that is why people are still using this web wallets because this is just for free, the only thing that they are going to pay is the transaction fee of it.
Yeah no doubt about that dude. I prefer Trezor to store bitcoin because it's an advanced tool which created specifically to secure every Bitcoin transaction you made. Although we have to put more money to buy that hardware wallet if we compare with online wallet which we can use it by free. Trezor provide nice security to save our bitcoin from hacker or threat.
The best way to keep one's Bitcoin safe is to break the storage into bits. Don't ever store all your bitcoins in one wallet no matter how safe the developers say the wallet is. Hackers are everywhere and most times transactions done, especially like on blockchain, can be traced to have a rough estimate of what a wallet may be having. Also, use combinations in the password to make it difficult for hackers to access.
The best way to store your crypto is in a hardware wallet. I really recommend the Trezor, I recently got one and the peace of mind it brings is worth every satoshi I paid for it.
I too heard that's useful but sometimes I wonder when you can have a easy peasy wallet like blockchain, rushwallet and so many others that provide you the access to the private key too then what's the fun in spending a few bucks in trezor ? I heard from my friends its very useful but never used it so just wondering why people spend extra bucks on it.
Currently i am still saving bitcoin in my wallet online, but so far i have never had a problem with my online wallet storage. Probably because of its relatively small value so there is no problem with the wallet.
I too haven't experienced any problem using web wallets. These days the security features available with the wallets were quite good and most of the time blockchain wallet is preferred just because it's trustworthy and can be used according to our requirement rather than other wallets where we need to pay the fee as they levy.
keeping them in a USB-based smart wallet made from one of the hardware wallet operators, it was just 27 Euros and is relatively easy to use and feeling safer to use it than an online computer.
I kept it in my wallet
Very simple yet so meaningful yes it is. We kept that in our wallet. Some people are using online wallet for their bitcoins. As for me i used online wallet because of its securities. And i know and i trust it so much. My friends are using electrum an offline wallet they use that because they have said that it is good too. Well its up to you.Jump to: