How do you keep your bitcoins? - page 38.

meliodas

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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

Store you bitcoins on bitcoin wallet that has a private key also find a bitcoin wallet that has a vault option like xapo had. Right now I'm using mycelleium. There is also a thread here in forum that will answer that question : View these all you need is in there, choose/pick one or more and be wisely as always.

snowcrashed

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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

Keeping coins at online not a bad idea also, Kepping it depends on how big the amount is, more the amount, you should increase your security by using different kind of wallets.And as mentioned, Physical wallets are kind of best, but it is also vulnerable, from like thefts, loosing it.

Ging

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I keep my bitcoin through online wallets, Lips sealed

virtualkeybuyer

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Quote from: Hammonds on June 15, 2017, 06:07:38 PM

Thank you I feel very helpful with this post, because I'm new in btc then many things that have not know yet Cheesy

its really a pleasure having you around and joining fourm could be good decision keeping your bitcoins safe is asked for so bitcoin is not just a cryptocurrency its huge log of digital system and a great way for online payment you can save it any one of hardware wallets that is now available in markets easily or you can invest in it orcan trade through it.

spngebob

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Activity: 770

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I keep my coins everywhere Grin

I am keeping part of my coins invested in some sites.
One part of coins is in online wallet and the rest of coins are in paper wallets, in case I need them i just scan qr with my phone.
And I am holding small part of coins in exchange for trading.

pinkpanther03

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Activity: 1092

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I'll keep my bitcoin in electrum wallet most of the time, then I also used mycelium and multibit hd too. These are all secured and proven and tested also and of the bitcoin enthusiast are using this things too.

mzforfree

newbie

Activity: 42

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Same thing any skilled broker would do with large sums of money. Scatter them in various different accounts or better yet in different exchange commodities (diversifying your portfolio) such as having x amount in x and y wallets, y amount in some type of bitcoin investment option such as a security or other low-risk/high protected account (do things such as federally insured treasury or highly rated AAA bera bonds exist yet for BTC)? and z amount in some online wallet that you could dump a lot of currency easily if you had to.

FasTroy

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Activity: 434

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Quote from: NEWGOODOUBLE on June 16, 2017, 04:26:00 PM

Quote from: itsallpc on June 12, 2017, 11:31:06 PM

I store my bitcoins in my electrum wallet in my PC.I have been using it for the past two years.Till now,i have not found any issues.We could set our transaction fee manually.There is no synchronizing problem in this wallet.

I'm currently using an online wallet, probably will soon migrate to the desktop wallet. Because currently blockchain does not support sending to multiple addresses in a single transaction. Maybe i will try electrum

I think sending to multiple addresses in a single transaction is a good option when we talk about peoples who use daily there bitcoin. I didn't try electrum until now, But i will in the near future.
For this moments, I still using my xapo wallet. but I want to quite this wallet because transactions fees are abnormal. I mean too high fees.

NEWGOODOUBLE

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Quote from: itsallpc on June 12, 2017, 11:31:06 PM

I store my bitcoins in my electrum wallet in my PC.I have been using it for the past two years.Till now,i have not found any issues.We could set our transaction fee manually.There is no synchronizing problem in this wallet.

I'm currently using an online wallet, probably will soon migrate to the desktop wallet. Because currently blockchain does not support sending to multiple addresses in a single transaction. Maybe i will try electrum

DaftAjax

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Activity: 532

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Quote from: Bellator on June 16, 2017, 11:28:12 AM

Quote from: franklin9 on June 16, 2017, 04:46:52 AM

if you are going to invest thousands into btc, then I suggest getting a hardware walllet, the cheapest of these is around twenty-something Euros and the advantages are huge, particularly for those having multiple BTC (The additional security).

a hardware or an online wallet is quiet risk both, why? because in a hardware wallet you doesnt know when a virus may attack your pc , you need to secure it too, to avoid corrupted software, in online wallet hackers might be your enemy both they are risky but i more prefer a hardware wallet.

I agree with you, because hardware wallet are somewhat immune to scammers and hackers alike. But when you say, "you never know when the virus may attack"? Then use a relevant Anti-Virus Software, or even better, invest on a better PC like Mac, who's an impregnatable security when it comes to virus. Just to make that Hardware Wallet surely secured.

Bellator

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Quote from: franklin9 on June 16, 2017, 04:46:52 AM

if you are going to invest thousands into btc, then I suggest getting a hardware walllet, the cheapest of these is around twenty-something Euros and the advantages are huge, particularly for those having multiple BTC (The additional security).

a hardware or an online wallet is quiet risk both, why? because in a hardware wallet you doesnt know when a virus may attack your pc , you need to secure it too, to avoid corrupted software, in online wallet hackers might be your enemy both they are risky but i more prefer a hardware wallet.

Cruxer

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Activity: 184

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Bitcoin FTW!

Im using cold wallet/cold storage because i can't afford hardware wallet yet and waiting times for them are huge now.
This is safe way to keep them, never store on exchange.

abel1337

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I am keeping my bitcoin in many wallets , I have duplicate online wallets and a paper wallet for saving bitcoins , The main reason I split my bitcoin into different wallets because I am preventing a high chance of hacking. If I put all of my bitcoin on just one wallet and a hacker sees it Im sure that the hacker will focus to hack my wallet , but If I split them and have a low quantity of bitcoin on each wallet hacker has a possibility that he will pass my wallet.

DaftAjax

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Activity: 532

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Quote from: Danslip on June 16, 2017, 10:40:23 AM

Making investment 50% of bitcons, 50 % hold on paper wallet..

That would be pretty cleaver but, you can adjust the percentage, it would be better if you would like to hold to 60% and 40% on investment (I personally not recommend investment though). Will it hurt if you could just stick here, join Signature Campaigns, because in investing it is very risky.

Danslip

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Making investment 50% of bitcons, 50 % hold on paper wallet..

DaftAjax

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Activity: 532

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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

If you're making a "large investment" (is it really that large), I will suggest two options, and it inclines in the most important factor in all the wallets, "Security".

First I would suggest using offline wallets or the desktop wallets, because I think it has the max security in all kinds of wallets and can be accessed all the time; unlike online wallets who has that risk to be hacked and scammed.

Second is that, by having multiple wallets, try to explore every wallet or kinds of wallets. Then store bits of this and bits of that into those wallets and have it scattered, I think that is also considered as secured.

For more info in Kinds of Wallets try to read this thread: https://bitcointalksearch.org/topic/what-type-of-wallet-do-you-use-1742228

franklin9

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if you are going to invest thousands into btc, then I suggest getting a hardware walllet, the cheapest of these is around twenty-something Euros and the advantages are huge, particularly for those having multiple BTC (The additional security).

vohoanghiep5555

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Activity: 15

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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

most I transfer Bitcoin into cash, a little longer I hosted ní to for of I use to for business purposes and gambling online

zoelhack

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Activity: 165

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I keep the bitcoin of the trumpet which has been chosen securely and I also invest bitcoin there also results in the next few years.

RudyCenJia

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Activity: 64

Merit: 10

I can monitor through bitcoin in the android playstore, or I can access the bitcoin vip website to monitor the increase and decrease in bitcoin.

So far I've tried it like that and I'm satisfied and happy because wherever I can monitor and manage bitcoin I Have.

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