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Topic: How do you keep your bitcoins? - page 39. (Read 48802 times)

hero member
Activity: 2716
Merit: 904
June 15, 2017, 07:36:27 PM
I keep my bitcoin in online wallet and this is good for me because anytime I can do trading with my bitcoin so my bitcoin is earning also like banks.
copper member
Activity: 1050
Merit: 294
June 15, 2017, 07:22:29 PM
The secure way is to keep your bitcoins in your offline wallet unless you need them to trade in the exchange. I have some amount in the exchange as well for trading purpose but mostly i keep them in wallet.
sr. member
Activity: 378
Merit: 250
June 15, 2017, 06:29:43 PM
I keep my bitcoin through desktop and hardware wallets, actually in different addresses such as electrum and coinbase. I also use the ledger wallet nano for cold storage capacities. This allows me to safely store large amounts of Bitcoin.
hero member
Activity: 2520
Merit: 783
June 15, 2017, 06:24:09 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 also use the desktop wallet but its function is to saving bitcoin in the long run. One thing I do not like about desktop wallets like electrum is less flexibility. You can not use desktop wallets in various places like using online wallet



Why not electrum is flexible? Its fast and ease of use. You can connect through Tor or multisignsture wallet.
It can be also downloaded in your mobile phones and tablets through playstore and app store. Try to check'em out.
sr. member
Activity: 532
Merit: 250
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 Roll Eyes
full member
Activity: 252
Merit: 100
Streamity Decentralized cryptocurrency exchange
June 15, 2017, 01:03:39 PM
I keep my bitcoin in my trezor wallet. trezor wallet is very easy to use and very fast. You need to spend some of your money to buy a trezor but it is totally worth
member
Activity: 81
Merit: 10
June 15, 2017, 12:58:25 PM
Sorry before ... if I save my bitcoin in bitcoin.co.id wallet because in my opinion there is more guaranteed to store bitcoin ..
jr. member
Activity: 54
Merit: 10
Stake.com India
June 15, 2017, 12:10:38 PM
i honestly dont have much so i only keep them in my android device
newbie
Activity: 53
Merit: 0
June 15, 2017, 12:03:07 PM
I've around 0.3 bitcoins or so total and running two small faucet, hence can't keep my coins in anything difficult to have access to, to refuel my accounts and do payments, keeping them easily accessible in blockchain.info which is online and more secure than keeping it in a wallet.
sr. member
Activity: 324
Merit: 250
June 15, 2017, 10:55:43 AM
I just simply send Bitcoin to my wallet and leave it there, I don't send Bitcoin to anywhere so that I can easily save my Bitcoin
Me too! I created a new wallet and leave it there, I dont want to send my Bitcoin to anywhere Smiley
nod
full member
Activity: 126
Merit: 100
June 15, 2017, 10:49:26 AM
I just simply send Bitcoin to my wallet and leave it there, I don't send Bitcoin to anywhere so that I can easily save my Bitcoin
sr. member
Activity: 812
Merit: 250
June 15, 2017, 09:55:18 AM
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 store my bitcoin in online wallet to keep it safe and secure. Having bitcoin wallet is nice because this a way to keep your bitcoin safe and no one will try to stealth it. However, keep your bitcoin in the safest way because some people are hacker and they want to get all bitcoin that you have. Online wallet is very effective when comes on safeness of bitcoin.
hero member
Activity: 1148
Merit: 504
June 15, 2017, 09:25:25 AM
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 also use the desktop wallet but its function is to saving bitcoin in the long run. One thing I do not like about desktop wallets like electrum is less flexibility. You can not use desktop wallets in various places like using online wallet

full member
Activity: 137
Merit: 100
June 13, 2017, 02:15:22 PM
I think there are several important points about long term storing of digital assets.

1. Never store bitcoins or other digital assets in online services.

2. Remember that HDD's can fail. Even if HDD's are not active in a computer still many things can happen to them. Same goes with SSD. So store your assets on different drives and keep them in safe places. It's not stupid to invest into a vault.

3. Print paper copies of wallets and store them in a bank vault or other safe places.

4. The most important thing of all is this. Keep it to yourself and don't talk about it. If you plan to invest a lot of money into digital assets then don't talk too much about it. People will talk, stuff will get around and you don't want any that kinda trouble.

If you had a large stash of cash money or gold ingots in your home, would you tell everyone about it? Same goes with crypto assets. The less people know about it, the better!

Think about it. A tiny USB flash drive can hold digital assets of enormous value. Millions or billions in USD if you want. Never before it was possible to carry so much money around on something so small. If I had a wallet worth millions... damn I would get paranoid :-/



If honestly comma then I wrote down my Bitcoin on a USB flash drive, and keep them cold storage and without access to anyone from the network. I do not even go there to check them, so as not to violate the integrity and shell.
newbie
Activity: 29
Merit: 0
June 13, 2017, 02:04:36 PM
I think there are several important points about long term storing of digital assets.

1. Never store bitcoins or other digital assets in online services.

2. Remember that HDD's can fail. Even if HDD's are not active in a computer still many things can happen to them. Same goes with SSD. So store your assets on different drives and keep them in safe places. It's not stupid to invest into a vault.

3. Print paper copies of wallets and store them in a bank vault or other safe places.

4. The most important thing of all is this. Keep it to yourself and don't talk about it. If you plan to invest a lot of money into digital assets then don't talk too much about it. People will talk, stuff will get around and you don't want any that kinda trouble.

If you had a large stash of cash money or gold ingots in your home, would you tell everyone about it? Same goes with crypto assets. The less people know about it, the better!

Think about it. A tiny USB flash drive can hold digital assets of enormous value. Millions or billions in USD if you want. Never before it was possible to carry so much money around on something so small. If I had a wallet worth millions... damn I would get paranoid :-/


hero member
Activity: 518
Merit: 500
June 13, 2017, 01:50:40 PM
I am using an online service. Although knowing that it is not safe, I still accept because my bitcoin is very small .. after this there are more I would use a safer wallet.
Actually between online and offline wallet always there are risk losing bitcoins, you are right
just invest with be ready to losing funds on there, we just needs management of risk investing in bitcoins
some people said never put the eggs on one basket, so never put the coins on one of kinds wallet.
newbie
Activity: 34
Merit: 0
June 13, 2017, 01:42:39 PM
Keeping a small amount (less than one bitcoin) in a paper wallet and a USB wallet (if either of these cold wallets is destroyed, I would have the other storage link) and wanting to hold them for long term, even until one of those 200,000 USD per bitcoin predictions comes into flourishing.
full member
Activity: 149
Merit: 100
June 13, 2017, 01:41:24 PM
I keep all my coins on a few reputable exchanges. I am paranoid of getting hacked and losing my coins so I trust an exchanges security and 2FA far more than I trust my own technical incompetence. I know thats not the popular thing to do here though and I'm considering a hardware wallet too but again I'm not very technically competent.
newbie
Activity: 16
Merit: 0
June 13, 2017, 01:38:41 PM
Im holding my bitcoins for spending in the blockchain.info wallet and for long term holdings in bitcoin core wallet.
sr. member
Activity: 490
Merit: 256
June 13, 2017, 01:07:31 PM
If you are planning to hold your coins for a very long time then use a hardware/cold wallet or a paper wallet. I am sure that they are the best for this holding purposes. Though I do not have background about them since I haven't used them, I believe that they should fit your concerns.

Well I hold my bitcoin in a mobile wallet. It is a web/online wallet that is used mostly by Philippine Citizens and it is called coins.ph. My bitcoin is not so big so using this wallet is not troublesome to me. It has features that can help me cash out quickly so I cannot ask for more.
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