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Topic: How do you keep your bitcoins? - page 42. (Read 48802 times)

legendary
Activity: 1442
Merit: 1008
June 07, 2017, 08:17:14 AM
I dont trust all exchange sites wallets in keeping my bitcoins even though they say that they are secured,because i already experience hacking issues on some exchange sites so i dont trust all site now,i always use store my bitcoins on paper wallets
using third party wallet service would never make you as secure as when you used your own paper wallet, that's the most secure wallet i would recommend yeah a paper wallet, it's free from hacking as there's no internet connection. a hacking happened due there's a constant connection and someone get the information through that connection. a traditional way far better i mean paper wallet sounds like a traditional way to hide your cash.
sr. member
Activity: 672
Merit: 251
June 07, 2017, 07:49:09 AM
My wallet's name is Coins.ph. That is the wallet that is used by many Filipinos because of its exclusiveness and I'm using coins and easy to use because there are banks near our place and coins have contact on those banks and its easy to withdraw money that I'm earning here. In coins.ph there were no fees in withdrawing, no fees in giving money to someone, but the wallet they own should be coins also or else it would be consider as an external wallet so there would be a fee. I believe on other wallets they have fees in withdrawing so I trusts coins.
hero member
Activity: 742
Merit: 500
June 07, 2017, 05:55:18 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

To my knowledge,Electrum wallet is the best wallet to store bitcoins safely.We could set transaction fee manually.I have been using it for the past three years.No problem found yet.
hero member
Activity: 1442
Merit: 629
Vires in Numeris
June 06, 2017, 02:42:13 PM
currently using blockchain.info wallet, since I don't trade with huge amounts of bitcoin and I'm keeping it safe as much as I can and also, as soon as I recieve the bitcoin, I trade it asap for fiat so I barely have anything on my wallet right now. Smiley
I keep my bitcoin in online wallet because I know that my bitcoin is safe and secure. If you have an online wallet you can use it to pay bills and buy the things in the online market using your bitcoin in your wallet. Having online wallet is nice to all bitcoin users because they can deposit their bitcoin easily.

I hope that one day when you wake up, you will see all of your bitcoin disappear and you will send a thousand support ticket to the website and you will still receive nothing from them. Then, you will regret for using online wallet because they are all deceivers and robbers
Are you serious if all online wallets are robbers? Because I only heard few complaints from some people who lost their coins or money on their wallets, but to my knowledge those who lost their money said they lost their coins because they were hacked.
That's a huge trust issue man, that's not healthy. Not everything would be taken care of in an exchange or in an online wallet, you just have to protect it using your own. It's your fault if you left it hanging there in the online wallet where hackers could get it easily. There are websites that have protection but it's better safe than sorry. Control your private keys, and you'll be safe.
Then where should i keep bitcoin?
Is it if I keep it on blockchain.info still unsafe?
Are sites such as online wallets, exchanges etc that have been famous and most popular that has stood for a long time also has trust and positive feedback can still be hacked which means it is not safe for us to save bitcoin there?
Can you give a safe wallet recommendation to use, whether it is an online wallet or a good offline wallet to use.
Depends on the amount of bitcoin you want to store in the wallet.
Web wallets (without having the private key) could be safe for the amount you can afford to lose any time without causing problems to yourself.
Wallets on PC or laptop (having the private key) could be good for bigger amounts you cannot afford to lose easily.
All the other coins should be kept in safe place like paper wallet, offline wallet on PC without internet access, or in hardware wallets like Trezor or similars. The price of the hardware wallets determines that you need to have a decent amount of bits if you want to buy a hardware wallet. It's all about handling risk, you can decide your way depending on your own need.
hero member
Activity: 1750
Merit: 589
June 06, 2017, 09:47:57 AM
I keep my bitcoins on a offline wallet which I keep just to store, otherwise I have my bitcoins on localbitcoins(low volume) in case i'm outside and need some money in my bank account. It works very well for me and I'm very happy with it as of now. Smiley
As of now Im also hoarding my bitcoin in an offline wallet my cousin reffered to me, like what he is using right now. Waiting for the price to rise up and im converting it to my country's currency and hoard haha. It is very handy and convenient for me as a student. Im very contented with it right now.
sr. member
Activity: 560
Merit: 257
June 06, 2017, 08:54:24 AM
currently using blockchain.info wallet, since I don't trade with huge amounts of bitcoin and I'm keeping it safe as much as I can and also, as soon as I recieve the bitcoin, I trade it asap for fiat so I barely have anything on my wallet right now. Smiley
I keep my bitcoin in online wallet because I know that my bitcoin is safe and secure. If you have an online wallet you can use it to pay bills and buy the things in the online market using your bitcoin in your wallet. Having online wallet is nice to all bitcoin users because they can deposit their bitcoin easily.

I hope that one day when you wake up, you will see all of your bitcoin disappear and you will send a thousand support ticket to the website and you will still receive nothing from them. Then, you will regret for using online wallet because they are all deceivers and robbers
Are you serious if all online wallets are robbers? Because I only heard few complaints from some people who lost their coins or money on their wallets, but to my knowledge those who lost their money said they lost their coins because they were hacked.
That's a huge trust issue man, that's not healthy. Not everything would be taken care of in an exchange or in an online wallet, you just have to protect it using your own. It's your fault if you left it hanging there in the online wallet where hackers could get it easily. There are websites that have protection but it's better safe than sorry. Control your private keys, and you'll be safe.
Then where should i keep bitcoin?
Is it if I keep it on blockchain.info still unsafe?
Are sites such as online wallets, exchanges etc that have been famous and most popular that has stood for a long time also has trust and positive feedback can still be hacked which means it is not safe for us to save bitcoin there?
Can you give a safe wallet recommendation to use, whether it is an online wallet or a good offline wallet to use.
hero member
Activity: 1190
Merit: 534
June 05, 2017, 11:12:13 PM
I keep bitcoin in some local and international wallet exchanger. I use both wallets because I focus on trading, and saving in local wallet exchanger makes it easy for me to withdraw cash

Well, if you considering to store bitcoins for the long term then maintaining a cold storage is recommended. Keeping all the funds on the exchange or web wallet is not a wise idea as we have experienced the hacking incident in the past. We can secure our account using advance features like 2fa but we simply can't do anything about the site's database security. Using web wallets or exchanges for regular transaction is a convinient though.
full member
Activity: 196
Merit: 100
June 05, 2017, 11:08:01 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 would suggest you to use Electrum wallet which im using for past two years.Its safe and secure to store bitcoins in it.A seed is generated during registration for password which could be used for recovering the account in future.
newbie
Activity: 9
Merit: 0
June 05, 2017, 11:06:19 PM
I keep bitcoin in some local and international wallet exchanger. I use both wallets because I focus on trading, and saving in local wallet exchanger makes it easy for me to withdraw cash
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
June 05, 2017, 10:24:45 PM
currently using blockchain.info wallet, since I don't trade with huge amounts of bitcoin and I'm keeping it safe as much as I can and also, as soon as I recieve the bitcoin, I trade it asap for fiat so I barely have anything on my wallet right now. Smiley
I keep my bitcoin in online wallet because I know that my bitcoin is safe and secure. If you have an online wallet you can use it to pay bills and buy the things in the online market using your bitcoin in your wallet. Having online wallet is nice to all bitcoin users because they can deposit their bitcoin easily.

I hope that one day when you wake up, you will see all of your bitcoin disappear and you will send a thousand support ticket to the website and you will still receive nothing from them. Then, you will regret for using online wallet because they are all deceivers and robbers
Are you serious if all online wallets are robbers? Because I only heard few complaints from some people who lost their coins or money on their wallets, but to my knowledge those who lost their money said they lost their coins because they were hacked.
That's a huge trust issue man, that's not healthy. Not everything would be taken care of in an exchange or in an online wallet, you just have to protect it using your own. It's your fault if you left it hanging there in the online wallet where hackers could get it easily. There are websites that have protection but it's better safe than sorry. Control your private keys, and you'll be safe.
sr. member
Activity: 560
Merit: 257
June 05, 2017, 05:59:03 PM
currently using blockchain.info wallet, since I don't trade with huge amounts of bitcoin and I'm keeping it safe as much as I can and also, as soon as I recieve the bitcoin, I trade it asap for fiat so I barely have anything on my wallet right now. Smiley
I keep my bitcoin in online wallet because I know that my bitcoin is safe and secure. If you have an online wallet you can use it to pay bills and buy the things in the online market using your bitcoin in your wallet. Having online wallet is nice to all bitcoin users because they can deposit their bitcoin easily.

I hope that one day when you wake up, you will see all of your bitcoin disappear and you will send a thousand support ticket to the website and you will still receive nothing from them. Then, you will regret for using online wallet because they are all deceivers and robbers
Are you serious if all online wallets are robbers? Because I only heard few complaints from some people who lost their coins or money on their wallets, but to my knowledge those who lost their money said they lost their coins because they were hacked.
sr. member
Activity: 448
Merit: 251
June 05, 2017, 05:44:43 PM
currently using blockchain.info wallet, since I don't trade with huge amounts of bitcoin and I'm keeping it safe as much as I can and also, as soon as I recieve the bitcoin, I trade it asap for fiat so I barely have anything on my wallet right now. Smiley
I keep my bitcoin in online wallet because I know that my bitcoin is safe and secure. If you have an online wallet you can use it to pay bills and buy the things in the online market using your bitcoin in your wallet. Having online wallet is nice to all bitcoin users because they can deposit their bitcoin easily.

I hope that one day when you wake up, you will see all of your bitcoin disappear and you will send a thousand support ticket to the website and you will still receive nothing from them. Then, you will regret for using online wallet because they are all deceivers and robbers
sr. member
Activity: 812
Merit: 251
June 05, 2017, 05:10:32 PM
I just keep my bitcoins in my electrum wallet, then in multibit hd, mycellium, bitpay,
And so far, I don't see any problem with these wallet that I used. Those are good and better than any other else.
sr. member
Activity: 714
Merit: 250
June 05, 2017, 10:58:08 AM
In my own I keep my bitcoin through online money trading.I used my bitcoin as an investment in poloniex and it is growing bigger and faster. It multiplies in there. and it is advisable and it is legit and not a scam.
sr. member
Activity: 868
Merit: 257
June 05, 2017, 10:35:44 AM
currently using blockchain.info wallet, since I don't trade with huge amounts of bitcoin and I'm keeping it safe as much as I can and also, as soon as I recieve the bitcoin, I trade it asap for fiat so I barely have anything on my wallet right now. Smiley
I keep my bitcoin in online wallet because I know that my bitcoin is safe and secure. If you have an online wallet you can use it to pay bills and buy the things in the online market using your bitcoin in your wallet. Having online wallet is nice to all bitcoin users because they can deposit their bitcoin easily.
newbie
Activity: 43
Merit: 0
June 05, 2017, 08:02:26 AM
I have no problems storing it in exchanges, since it's pocket change comparing to others.
So yes, I usually daytrade at polo, recently moved to kraken.

For other payments I use blockchain.info in a clean and secure VM box on linux.
sr. member
Activity: 413
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
June 05, 2017, 07:58:40 AM
I dont trust all exchange sites wallets in keeping my bitcoins even though they say that they are secured,because i already experience hacking issues on some exchange sites so i dont trust all site now,i always use store my bitcoins on paper wallets
sr. member
Activity: 423
Merit: 250
June 05, 2017, 07:54:01 AM
I keep my bitcoins on a offline wallet which I keep just to store, otherwise I have my bitcoins on localbitcoins(low volume) in case i'm outside and need some money in my bank account. It works very well for me and I'm very happy with it as of now. Smiley
I also do this. I keep it in an offline wallet because i think it is more secured. And i do not store all of my money in bitcoin, only a certain partition is my requirement. And pf course I need physical money for my everyday needs. What you are doing is highly recommended especially for those who are getting serious in btc.
sr. member
Activity: 532
Merit: 250
June 05, 2017, 06:53:50 AM
I keep my bitcoins on a offline wallet which I keep just to store, otherwise I have my bitcoins on localbitcoins(low volume) in case i'm outside and need some money in my bank account. It works very well for me and I'm very happy with it as of now. Smiley
I keep my bitcoin on an online wallet. I use online wallet because I think my bitcoin is totally secure and safe and no ones will try to stealth it. Having online wallet is nice and many bitcoin users use it to store their bitcoin.
full member
Activity: 140
Merit: 100
June 05, 2017, 06:41:34 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



In online storage of coin? For me it not good to keep coin in online your security is not safe it is better to put your coin in bank. It's better to invest your coin in bank and it is safe and for five to ten years investing coin in the bank it is sure that you earn a return of investment (ROI) for long term of investment within this period of time.
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