How do you keep your bitcoins? - page 36.

Sanitough

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Quote from: rockem5 on June 20, 2017, 03:57:04 AM

I only keep them on my mycelium wallet. I dont have enough, I don't even have 1 full bitcoin. Cry

It doesn't matter, money is still money and I know you will not only be contented with that amount and you can always
increase your holdings if you do save on a regular basis, believe it's possible.

Core.BUSTER

sr. member

Activity: 562

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As a beginner I tend to use bitcoin wallet and other online wallets,When my savings and all money changes that I withraw I put it straight it to my Butcoin wallet.And sometimes I tend to save it and not to use it.Many ways to keep bitcoin,but the most reliable to use is bitcoin wallet.

rockem5

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Antifragile

I only keep them on my mycelium wallet. I dont have enough, I don't even have 1 full bitcoin. Cry

hajimasan

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Quote from: Playboi on February 16, 2017, 05:02:49 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 will suggest you don't put your all the money at the paxful because that is trading site ( as you know already ) .
Since to out your money at the trading is not at big risk but still even with the big securities we need to take full security with our hardworking made money .
I will suggest you to put only that amount of the money that is sufficient for trading and rest of it out in the Bitcoin wallet .
I will recommend you to use official wallet that is blockchain.info but made a backup of your wallet also because backup will make sure to not to loss of your money at any point . I mean full security of money .
And also you can use mysellium wallet also , just out money and export your private key and then hide your private key at a secret place ( online and offline both ) .

denny.pac

newbie

Activity: 3

Merit: 0

I keep my bitcoins divided into few online wallets. I know it's not safest place to keep bitcoins, especially if wallet don't gives your private keys, but I don't want to keep bitcoins on desktop wallet because I'm afraid to catch virus, which can steal my coins.

PinkB

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Quote from: BaumT on June 19, 2017, 09:48:52 AM

I keep my Bitcoins offline, I am going to hold on to them until one coin is worth more than $10 000, the only reason why I am keeping them offline is only because I don't want to get hacked, there are too many, I don't trust the internet

How much bitcoin do you have now!!? so you are waiting for 1 BTC= $10000 , may be it will happen. But it will hapen,do you have any proper idea,i mean prediction? I also want that, Price of bitcoin will raised.

Xester

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Quote from: shine1123 on June 19, 2017, 10:15:02 AM

Quote from: Playboi on February 16, 2017, 05:02:49 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

Stored all your coins on an online trading site for 5-10 years is really dangerous dude. 5-10 years is really a long time to wait and we also don't know is that trading site still survive or not for the next 5 years. My advice is store all your coins on web wallet like blockchain or offline wallet like bitcoin core.

That was insane. Storing coins in trading site for 5-10 year is so risky. As you said it is dangerous. You will kot know whats gonna happen on it for that period of time. Well I do not think either that he or she can actually keep it on that time frame. It is better to store it in your wallet and make more earnings doing things that will not take so long.

shine1123

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🤖UBEX.COM 🤖

Quote from: Playboi on February 16, 2017, 05:02:49 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

Stored all your coins on an online trading site for 5-10 years is really dangerous dude. 5-10 years is really a long time to wait and we also don't know is that trading site still survive or not for the next 5 years. My advice is store all your coins on web wallet like blockchain or offline wallet like bitcoin core.

Casdinyard

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Leading Crypto Sports Betting and Casino Platform

Quote from: Wayan_Pedjeng on June 19, 2017, 07:03:54 AM

Currently I am not holding that many coins. So I am keeping them in my online wallet. If my holdings get considerably bigger (i.e. more than BTC1), then I will consider moving them to a hardware wallet such as Trezor. Keeping large amounts of coins in online wallets is not 100% safe. Also, there are a lot of wallet robberies going on right now.

Of course, keeping your coins in an online wallet is like a bait to hackers. If they hacked that all your earning will dissapear like a bubble.
Keeping coins in an offline wallet is just keeping your money in the bank. Its more like a savings account. Much safer and secured.
But for me when its get a high pump I would immediately convert it to fiat and save them in the bank. You can't tell that your rich if your money is still numbers.

albertvert

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Activity: 322

Merit: 250

Quote from: ekans45 on June 19, 2017, 09:49:05 AM

Quote from: uneng on February 16, 2017, 06:19:34 PM

I use an online wallet service also. It's risk, but there is no problem for me because I don't have much money.
As you want to make a large investment, I think you should migrate to another service like a cold wallet. However, I can't guarantee you if doing this your money will be full safe. And don't wait 5-10 years to visit again, bitcoin price can increase, but can drop also, nobody knows.

Choosing a wallet or a suitable place on your bitcoin is one of the major thing to know about bitcoin system. And for me the best way to find or to chose a suitable wallet for you to use, of course you need consideration. First you need to consider the amount of bitcoin you are going to hold, then you nationality or country where you lived in as well as the currency. Then if you consider these thing I am sure you can know. Personally I used multi wallets depending on my transaction. For you to lessen the risk you can use one or more wallet so you can hold your bitcoin on any transaction you could make.

But it's obviously based on our own risk.But If we had bulk amount of bit coin means .We can use wisely for our usage.

ekans45

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Quote from: uneng on February 16, 2017, 06:19:34 PM

I use an online wallet service also. It's risk, but there is no problem for me because I don't have much money.
As you want to make a large investment, I think you should migrate to another service like a cold wallet. However, I can't guarantee you if doing this your money will be full safe. And don't wait 5-10 years to visit again, bitcoin price can increase, but can drop also, nobody knows.

Choosing a wallet or a suitable place on your bitcoin is one of the major thing to know about bitcoin system. And for me the best way to find or to chose a suitable wallet for you to use, of course you need consideration. First you need to consider the amount of bitcoin you are going to hold, then you nationality or country where you lived in as well as the currency. Then if you consider these thing I am sure you can know. Personally I used multi wallets depending on my transaction. For you to lessen the risk you can use one or more wallet so you can hold your bitcoin on any transaction you could make.

BaumT

full member

Activity: 196

Merit: 100

I keep my Bitcoins offline, I am going to hold on to them until one coin is worth more than $10 000, the only reason why I am keeping them offline is only because I don't want to get hacked, there are too many, I don't trust the internet

kpcian

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Activity: 826

Merit: 529

Quote from: Freezingel on June 19, 2017, 07:18:36 AM

I usually store it in my desktop wallet, but lately i started to do some alt trading so i move most of it to the exchange i used because it's bothersome to keep deposit and withdraw.

Exactly, generally people are interested in gathering their Bitcoin in a trusted wallet so that they can easily withdraw their money.
Basically, I'm using my online wallet which provides me a better opportunity to keep secured my money...

Freezingel

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I usually store it in my desktop wallet, but lately i started to do some alt trading so i move most of it to the exchange i used because it's bothersome to keep deposit and withdraw.

Wandika

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In CryptoEnergy we trust

Quote from: Wayan_Pedjeng on June 19, 2017, 07:03:54 AM

Currently I am not holding that many coins. So I am keeping them in my online wallet. If my holdings get considerably bigger (i.e. more than BTC1), then I will consider moving them to a hardware wallet such as Trezor. Keeping large amounts of coins in online wallets is not 100% safe. Also, there are a lot of wallet robberies going on right now.

Used google authenticator so that your bitcoins will be safe even if you put it on online wallet. I used trezor lately but it is still not convinient to use because I used and transact my bitcoin in regular basis because of trading. But I'm not telling that trezor is not good to use.

2bfree

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I'm investigating Crypto Projects

Quote from: Playboi on February 16, 2017, 05:02:49 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 make an assumption if my coins are here it will be stolen so i deversify so some are stolen and some are not

Wayan_Pedjeng

sr. member

Activity: 913

Merit: 252

Currently I am not holding that many coins. So I am keeping them in my online wallet. If my holdings get considerably bigger (i.e. more than BTC1), then I will consider moving them to a hardware wallet such as Trezor. Keeping large amounts of coins in online wallets is not 100% safe. Also, there are a lot of wallet robberies going on right now.

legendscale

newbie

Activity: 22

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I keep bitcoin on exchange because i never use bitcoin for buy stuff or something.mostly i only used bitcoin for trade or hold it for a while until the price rise.

AmeSakibimasu

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Activity: 228

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Quote from: suryana on June 18, 2017, 01:17:42 AM

I keep bitcoin on the wallet exchanger, because almost everyday i do trade transactions. At first getting to know bitcoin i keeped using walletqt, but after understand trading i rarely use it.

Better watch your bitcoin in the exchangers because you might regret it in the end, keeping your bitcoin in this exchangers is so risky. Based on my experience I've a .1 bitcoin in an exchanger, I was comfortable that time because i thought it was safe but it was not. I didn't know where my .1 bitcoin went, it just vanished in that exchanger(I won't mention it).

I've contacted their support but there was no update about it, that is why I've learned my lessons, I'm storing my bitcoin in hardware wallet right now.

Avametra

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Quote from: PinkB on June 19, 2017, 03:45:41 AM

Quote from: Zemangat on June 18, 2017, 08:38:33 PM

I save bitcoin in my online wallet. But separate. But with a small amount. That's all I get from the signature and bounty sosmed. Sometimes I'm widraw to vip wallet. Me for my daily use needs. Yes that's how i use my wallet

Same here. i also stored my bitcoin to my online wallet.Most of the people use online wallet for small transaction.But this forum member always said that use desktop wallet for storing your bitcoin. but for storing desktop wallet i need minimum 1BTC. when i have,i will store them on desktop wallet.

I do not have a lot of bitcoins now, so I store them in one purse. But if I have a lot of coins, then I try to break this sum into several parts and put it on different wallets. I do this for security reasons.

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