How do you keep your bitcoins? - page 45.

BitFinnese

copper member

Activity: 1050

Merit: 500

Quote from: nmaryrai on May 09, 2017, 02:25:20 PM

Quote from: llyfee4u on May 09, 2017, 02:24:13 PM

I keep my coin on the blockchain wallet app, although i have read some negative reviews about this. I would much prefer to keep a paper wallet but i don't feel particularly confident about that process at the moment. My goal is to ultimately keep a paper wallet though, the more i learn from forums like this about how to run a paper wallet, the quicker i can sort of move over to a paper wallet.

I just save bitcoin on web wallet. Because I rarely use bitcoin, or when I want to trade or make a purchase of goods in online stores.

Well if you are trading there is nothing you can do but to trust your bitcoin to the exchange owner. But if it is idle, it is advisable to withdraw your coins and save it to your local stash or paper wallet or trezor. There are lot of instances where people lost their btc in ther web wallet when the site is hacked.

nmaryrai

sr. member

Activity: 490

Merit: 250

Quote from: llyfee4u on May 09, 2017, 02:24:13 PM

I keep my coin on the blockchain wallet app, although i have read some negative reviews about this. I would much prefer to keep a paper wallet but i don't feel particularly confident about that process at the moment. My goal is to ultimately keep a paper wallet though, the more i learn from forums like this about how to run a paper wallet, the quicker i can sort of move over to a paper wallet.

I just save bitcoin on web wallet. Because I rarely use bitcoin, or when I want to trade or make a purchase of goods in online stores.

llyfee4u

full member

Activity: 444

Merit: 101

I keep my coin on the blockchain wallet app, although i have read some negative reviews about this. I would much prefer to keep a paper wallet but i don't feel particularly confident about that process at the moment. My goal is to ultimately keep a paper wallet though, the more i learn from forums like this about how to run a paper wallet, the quicker i can sort of move over to a paper wallet.

PrintMule

hero member

Activity: 980

Merit: 500

FREE $50 BONUS - STAKE - [click signature]

If I am going to do lots of trading during the day, of course I keep using exchange market.But sometimes there are days when I have never been on trade.But if I'm not going to trade I definitely do not keep it in the exchange market.I keep it as a paper wallet.

khan149

copper member

Activity: 463

Merit: 251

I hold my bitcoin only coinbase wallet I think that's better for me.

NavySeals

sr. member

Activity: 371

Merit: 250

I like to store them in a paper wallet. But in case of the possibility of losing them, I prefer to use ledger nano s, a hardware to help us store our bitcoins securely. If you have more than 1-2 bitcoins, you can get one and try!

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: DoublerHunter on May 04, 2017, 01:37:42 AM

Quote from: Jiyens3 on May 04, 2017, 01:30:20 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

for me i save it on local exchanger but for 5-10 years this is very high risk man.. i do not recommended you to save it for long time like 5-10 years . because nobody know about the price of bitcoin in the future

Do not put your bitcoins in local exchange because even for just a few days it will still be risky for you because exchangers are very attractive for the hackers to hack and get money from that. It is better if you just buy hardware wallet and just put your bitcoins there and it is safer than local exchange and some of the hardware wallets are virus and malware proof so you are very safe.

This applies not only to local exchanges but to anything really, would you leave your money in somebody else’s house for any amount of time? If the answer is no, then we must never leave our money in an exchange, while it is impractical it is the safer option.

BitcoinGirl.Club

legendary

Activity: 2800

Merit: 2736

Farewell LEO: o_e_l_e_o

Quote from: Viviyang on May 06, 2017, 10:31:23 AM

Quote from: Hypnosis00 on May 06, 2017, 06:58:30 AM

I don't have a lot of bitcoins in my holdings so i just decided to put it on online wallet so i can use it anywhere with their app and i can use it easily rather than having an expensive hardware wallet which is good for people who got a lot of bitcoins to secure. I'm planning for next year to start getting a hardware wallet because this year, my plan is to collect bitcoin as many as i can.

Online saving of bitcoins isn't safe as the websites can be hacked and due to which you will loose all your bitcoins.
You should look for offline wallets even if in your case you are having very few bitcoins.

its a valid reason to keep bitcoins online like blockchain.info if you not holding a lot of them. Of course their is always that element of security
but if we can have access to our own private keys i think web wallets might be convenient enough in some way without the need to wait for a wallet to sync before any transactions are done.

jak3

legendary

Activity: 1274

Merit: 1004

I keep my bitcoins mainly in my android device, since they are a bit insecured and I don't take any short of care of my android so there is always a good change to gets that stolen or robbed. so I always keep 2types of backups one is the encrypted private key backup. just to be sure I can keep the backup safe it is been stored into a cold storage Grin

bitart

hero member

Activity: 1442

Merit: 629

Vires in Numeris

Quote from: tincan2 on May 06, 2017, 12:43:01 AM

I suggest keeping a few paper wallets (cold storage) in a few different places. 0.01 to 0.1 Bitcoin in a variety of paper wallets, small amount on a TorWallet.com, hardware device like KeepKey.com, also blockchain.info for your virtual wallet when you pick up from LocalBitcoins.com. Keep them out of exchanges, just use them to purchase then move Bitcoin and other crypto as quick as you can to an environment where you keep control. Remember if you don't hold it, you don't own it. Wink

This is all true (nearly), but you shouldn't forget that if you don't put any coins on exchanges, you can't trade, if you don't put it on gambling sites, you can't gamble, if you don't put a bit into web wallets, you can't spend them in a comfortable way (bitcoin debit card, etc)... So if you want to use your coins, it's impossible to avoid risking them. And it's not only the risk of the trading or gambling (not sure which has bigger risk

) but every possible sotrage has it's risk. Even if you use paper wallets, seeds engraved in metal bar, laminated QR codes, etc... so you can't fully avoid risk. You should find the balance.

BeGoods

legendary

Activity: 1372

Merit: 1008

Quote from: LegendOF45 on May 05, 2017, 03:16:03 AM

I think if we let stand bitcoin then there will be increased, I prefer to use the bitcoin for trading, following ICO coin so that bitcoin be increased. and it's been proven over the last 7 months.

I think it's also a good thing to take advantage of bitcoin for trading, investments or the like to make a profit. But it would be better also if you have a save plan anyway

knuckle sandwich

newbie

Activity: 26

Merit: 0

Any wallet is good until your holdings get sizeable. Then definitely a hardware wallet.

Viviyang

full member

Activity: 173

Merit: 100

Quote from: Hypnosis00 on May 06, 2017, 06:58:30 AM

I don't have a lot of bitcoins in my holdings so i just decided to put it on online wallet so i can use it anywhere with their app and i can use it easily rather than having an expensive hardware wallet which is good for people who got a lot of bitcoins to secure. I'm planning for next year to start getting a hardware wallet because this year, my plan is to collect bitcoin as many as i can.

Online saving of bitcoins isn't safe as the websites can be hacked and due to which you will loose all your bitcoins.
You should look for offline wallets even if in your case you are having very few bitcoins.

sana54210

legendary

Activity: 3318

Merit: 1128

Quote from: Jiyens3 on May 04, 2017, 12:27:34 PM

Quote from: DoublerHunter on May 04, 2017, 01:37:42 AM

Quote from: Jiyens3 on May 04, 2017, 01:30:20 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

for me i save it on local exchanger but for 5-10 years this is very high risk man.. i do not recommended you to save it for long time like 5-10 years . because nobody know about the price of bitcoin in the future

Do not put your bitcoins in local exchange because even for just a few days it will still be risky for you because exchangers are very attractive for the hackers to hack and get money from that. It is better if you just buy hardware wallet and just put your bitcoins there and it is safer than local exchange and some of the hardware wallets are virus and malware proof so you are very safe.

i agree with you but so far save bitcoin on local exchanger still safety although this is very high risk , this is can use every body if haven't money enough to buy hardware..

Of course, no one should ever leave their coins on exchange not only because they are the first target for hackers, but anyone who you have ever exchanged with will have access to your address which means they can get your private key, I heard stories about someone losing their whole coins on an exchange sites, I am not sure if it was a bug or the guy get unlucky but either way you should never leave it on exchange.

Hypnosis00

sr. member

Activity: 2436

Merit: 343

I don't have a lot of bitcoins in my holdings so i just decided to put it on online wallet so i can use it anywhere with their app and i can use it easily rather than having an expensive hardware wallet which is good for people who got a lot of bitcoins to secure. I'm planning for next year to start getting a hardware wallet because this year, my plan is to collect bitcoin as many as i can.

White Christmas

sr. member

Activity: 882

Merit: 258

★Bitvest.io★ Play Plinko or Invest!

Quote from: Tyrantt on February 16, 2017, 05:57:22 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.

I also used it. But right now i used coins.ph as my wallet to keep all the bitcoin that i earned here. This is the thing that i know to keep my bitcoins so that when i need money i can cash it out easily. And when my friends need it i can send some of my bitcoins for them. There are many wallets that you can keep your bitcoin but be sure that this is safe so that you will not lose it. Its better to have an wallet so that you can save it and you can get easily when you need it.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: Devboy on May 05, 2017, 12:45:38 PM

Quote from: boyptc on May 05, 2017, 08:41:23 AM

Quote from: hosseinimr93 on May 05, 2017, 06:57:44 AM

I keep my bitcoins and altcoins in trading website like yobit, cryptopia, livecoin, etc. because this websites are user friendly.

Are you sure that you are keeping your bitcoins at yobit.net? There are a lot people that are complaining about that trading site. So if I were you, think again because in the end you will have problem on it when you are experiencing withdrawal problems.

I've also heard the same bad sounds against Yobit.net even if you follow the threads on the altcoins section you'll find many complaints against this exchange site like poor support, user also experience of withdrawal problem and more. It's not good suggest to keep our Bitcoin such of this third party site, more better keep it cold storage.

There's a lot of them, just visit the scam accusations board and you'll see a lot of people are complaining about their balance on yobit but most of them are from alt coin wallets but still you should be cautious with that trading site, it's very unsafe to keep your bitcoins there. But still that's your bitcoin, you may store them whatever you want to prefer.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

Quote from: tincan2 on May 06, 2017, 12:43:01 AM

I suggest keeping a few paper wallets (cold storage) in a few different places. 0.01 to 0.1 Bitcoin in a variety of paper wallets, small amount on a TorWallet.com, hardware device like KeepKey.com, also blockchain.info for your virtual wallet when you pick up from LocalBitcoins.com. Keep them out of exchanges, just use them to purchase then move Bitcoin and other crypto as quick as you can to an environment where you keep control. Remember if you don't hold it, you don't own it. Wink

It's a nice strategy to do and it's good to benefit from it from the price is low and just keep some just for saving. It's definitely a way to go. I understand this because I have different eallets that has different amounts and the good thing is, it's okay to just wait for the transaction if you keep it in a cold storage, you can pay the fee as low as you want because you wont need the bitcoin at an urgent time anyway.

tincan2

newbie

Activity: 13

Merit: 0

I suggest keeping a few paper wallets (cold storage) in a few different places. 0.01 to 0.1 Bitcoin in a variety of paper wallets, small amount on a TorWallet.com, hardware device like KeepKey.com, also blockchain.info for your virtual wallet when you pick up from LocalBitcoins.com. Keep them out of exchanges, just use them to purchase then move Bitcoin and other crypto as quick as you can to an environment where you keep control. Remember if you don't hold it, you don't own it. Wink

Rasel5209

sr. member

Activity: 672

Merit: 250

btc rate is high so now i don't keep. present time i sell my btc. after some time when btc rate is low. i buy and keep. i keep my btc online wallet. it' s trust wallet.

Topic: How do you keep your bitcoins? - page 45. (Read 48802 times)