Topic: How do you keep your bitcoins? - page 34. (Read 48802 times)
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 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. 
Dont store on wallets or exchange like paxful or any shits that has bitcoins wallet storage unless you really own the nodes of your wallet.That webwallets may get hijacked or wallets can be compromised by insider issue so its not advisable.Better if you will have a hardware wallet for your bitcoins or altcoins
You can keep it in your online wallet or offline wallet because it is a safe way to store your value. Keeping it at the online wallet is a best investment to do and you csn generate good profit and wait for a longer time as you hold it for future price increasing.
Well honestly that would depend on which wallet or even site you would want to trust your funds. If you really are a keen observer you should know where you are comfortable with your money and read articles about the site or your online wallet. Because i store my bitcoin on a site where i can directly convert my money to my countries currency but we all have different preference so better try not putting all in one place.
Using a combination of 1) a paper wallet + a USB wallet as an emergency, both are encrypted with a pasword confident I could remember, 2) a safe desktop-based MultiHD wallet for quicker transactions that need to be conducted routinely like payment for services and paying for gift cards.
Wow you made it all secured. I guess you have a lot of bitcoin in your wallet.
I am just using electrum as my wallet and an online one just for trades and selling purposes.
I am not good with remembering too many passwords and I dont want every account to have one password only. So it is kinda hard for me. Need to stick at 1 - 3 wallets.
You can keep it in your online wallet or offline wallet because it is a safe way to store your value. Keeping it at the online wallet is a best investment to do and you csn generate good profit and wait for a longer time as you hold it for future price increasing.
Using a combination of 1) a paper wallet + a USB wallet as an emergency, both are encrypted with a pasword confident I could remember, 2) a safe desktop-based MultiHD wallet for quicker transactions that need to be conducted routinely like payment for services and paying for gift cards.
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 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 kept it in my wallet
Collectively around 0,7 bitcoins, and although that is still a god sum of money but isn't large enough to prompt buying a hardware or trezor wallet, I use Electrum as a PC wallet and Blockchain.info as a smaller wallet for online transactions, currently decided to switch completely to Electrum.
Well i kept my bitcoin by investing into any altcoins that i fully see that there's some potentially my bitcoin woukd grow with there
I maintain all of my bitcoins in an online wallet like coins.ph, blockchain, xapo and coinbase. I split all of bitcoin to prevent major loss of my btc just in case of hack.
Instead of having to deal with just one central authority, you are putting yourself in a very uncomfortable position by making use of four different online wallet services. You think that will protect you against theft or hacks? 
If you read below your post, you'll see others providing you an important bit of information.in August 1 we don't know how it gonna be because of the UASAF. Hoping that we don't loose any bitcoin on this because we hard earn this one.
If things go as they are right now, there won't be an UASF happening in August. Even if there was, and it did result in a chain split, you wouldn't lose any coins. I maintain all of my bitcoins in an online wallet like coins.ph, blockchain, xapo and coinbase. I split all of bitcoin to prevent major loss of my btc just in case of hack. Also some of my bitcoin are in trading to gain some profit.
yes that's correct but if you want to be safer you must buy cold wallets like Ledger or Trezor it is much safer rather than hot wallets and in August 1 we don't know how it gonna be because of the UASAF. Hoping that we don't loose any bitcoin on this because we hard earn this one.
I maintain all of my bitcoins in an online wallet like coins.ph, blockchain, xapo and coinbase. I split all of bitcoin to prevent major loss of my btc just in case of hack. Also some of my bitcoin are in trading to gain some profit.
I suggest to change to offline or paper wallet wallet, this is because the security level of a web wallet is still doubtful, unless you activate features 2FA from google or SMS verification.
I maintain all of my bitcoins in an online wallet like coins.ph, blockchain, xapo and coinbase. I split all of bitcoin to prevent major loss of my btc just in case of hack. Also some of my bitcoin are in trading to gain some profit.
I use online wallet like blockchain to keep my bitcoin as of now. I heard that it is safe to keep it on hard wallet or cold storage but I don't have those yet so I am sticking with online wallet as of now.
Yes, you heard right that storing bitcoins in cold storage is the best practice to follow as anyone having the private keys are technically able to spend the bitcoins associated with that wallet. So in the case of exchange, they can spend your bitcoins but since they are offering a trustee service they don't do it without your permission. However, if their database if hacked or compromised then in such case hackers can get the access to your funds which is dangerous.
Creating a basic cold storage is not so difficult. You can create a paper wallet, which will hardly cost a dollar or two. However, don't forget to take extreme precautions while generating and printing paper wallet.
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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.
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.
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.
I keep my savings on the Xapo, but I'm afraid to make a big investment so far, although this is ar good idea maybe.
I keep my bitcoin into online web wallet. I know that many peoples don't gibe a trust for online wallet but for now i haven't any support equipment to keep my bitcoin into desktop wallet or cold wallet.
Same with me. I do not have any wallet onlt the wallet I used for about two years now. And I think it is safe to store my bitcoin in that wallet because before you could actually make any transaction, you will require to have an identification. Illegal transactiin were blocked, I heard it on some of my friends. So it is okay for me to just store my bitcoins there.
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