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Topic: How do you keep your bitcoins? - page 46. (Read 48802 times)

hero member
Activity: 2590
Merit: 644
May 06, 2017, 12:20:07 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 also agree with you. I will not let my bitcoin idle and not be used for any thing. I better use it for capital so it can grow it and it will benefit you.

Yes don't put your bitcoin and stuck it into your bitcoin wallet because it will be just a waste of time because you can use it to grow it fast and you can earn interest if you invest it into a right company. Holding bitcoins is just for busy rich people because they can earn a hundred dollars if they have a hundred bitcoins in their wallet by just a small movement for the price.
sr. member
Activity: 272
Merit: 250
May 05, 2017, 10:54:49 PM
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 also agree with you. I will not let my bitcoin idle and not be used for any thing. I better use it for capital so it can grow it and it will benefit you.
sr. member
Activity: 434
Merit: 250
May 05, 2017, 05:37:21 PM
I keep my bitcoins and altcoins in trading website like yobit, cryptopia, livecoin, etc. because this websites are user friendly.

okay dude. Hope that you will soon lose all of your Bitcoin so that you can understand there is no place as safe as our own wallet. Holding our bitcoin in our hands is the most important things to know why using this crypto

I agree with you. There is no safe place to keep your bitcoin than your own wallet. So avoid to keep your bitcoin outside your wallet because it's too risky to lose it.
By the way, even if you keep your bitcoin in your own wallet is not safe enough. I advise people to divided there bitcoin in different trusted wallets.
full member
Activity: 140
Merit: 100
May 05, 2017, 12:50:28 PM
Ledger Wallet  Grin
sr. member
Activity: 350
Merit: 250
May 05, 2017, 12:49:29 PM
I keep my bitcoins and altcoins in trading website like yobit, cryptopia, livecoin, etc. because this websites are user friendly.

okay dude. Hope that you will soon lose all of your Bitcoin so that you can understand there is no place as safe as our own wallet. Holding our bitcoin in our hands is the most important things to know why using this crypto
sr. member
Activity: 247
Merit: 250
May 05, 2017, 12:45:38 PM
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.
sr. member
Activity: 504
Merit: 250
May 05, 2017, 12:39:51 PM
I think it's better to keep bitcoin in btc wallet maybe it's a bit safer
hero member
Activity: 1078
Merit: 514
May 05, 2017, 12:36:42 PM
I keep my bitcoins and altcoins in trading website like yobit, cryptopia, livecoin, etc. because this websites are user friendly.

I am not agree. I use the fist one among all that you called and I noticed that they raised their fees for withdrawing together with raising of bitcoin's price. I think it's just not fair. So I can't call it as user friendly.
full member
Activity: 128
Merit: 100
May 05, 2017, 11:52:35 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.
There is an opinion that you need to keep your wallets on a flash drive, because it gives you the opportunity to save your money and prevent unauthorized entry into the wallet. Of course Which currencies to keep their coins is already a purely personal matter, But I would like to hear advice.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
May 05, 2017, 08:41:23 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.
legendary
Activity: 3038
Merit: 1169
May 05, 2017, 08:33:50 AM
Storing on trading and exchange site is not really advisable specially for high amounts of bitcoins being stored there,anytime no matter how strong the site is its may still get hacked by  someone and easily steal money from all users on the site

Normally trading site fees for the sending the fund the wallet used to be higher than the normal online and desktop wallet. Personally, I recommend you to have desktop wallet for your bitcoin savings.
But I do not think It will be hacked. If you search a site like blockchain and login using the details with the user and pass means it may get hacked.

Then If you are connected to the internet there is a high probability that your gonna be hack by someone then I think to connect at all, but I think there is a security properties for every bitcoin wallet that is rather trustworthy on their part, I think the hackers intentionally wants to hack our wallet will probably have a hard time in hacking to the system of bitcoin, but there are banks that had been hack by hackers and they done it connecting online where all funds and money have been transfer to one account and we are not talking about bitcoin this is online transaction and hackers have done a DNS redirect attack the hackers could steal login credentials at sites hosted at the bank’s legitimate web addresses.
legendary
Activity: 1372
Merit: 1005
May 05, 2017, 07:38:29 AM
Storing on trading and exchange site is not really advisable specially for high amounts of bitcoins being stored there,anytime no matter how strong the site is its may still get hacked by  someone and easily steal money from all users on the site

Normally trading site fees for the sending the fund the wallet used to be higher than the normal online and desktop wallet. Personally, I recommend you to have desktop wallet for your bitcoin savings.
But I do not think It will be hacked. If you search a site like blockchain and login using the details with the user and pass means it may get hacked.
legendary
Activity: 2380
Merit: 5213
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.
hero member
Activity: 1400
Merit: 571
May 05, 2017, 07:30:34 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



Try the offline wallets like Electrum, because it is much safer than the online wallets like blockchain, because online wallets are very vulnerable to the hackers, and especially if you do have a lot of bitcoin, storing it online would make a big risk for you. if you want back ups, then make a paper wallet but make sure that you are going to keep it on the safe place where you wouldn't forget it as time pass by.

Also you could try the hardware wallet, though it is a little bit expensive, but you are sure that your bitcoin is in the safe place. Smiley
sr. member
Activity: 294
Merit: 252
May 05, 2017, 07:20:31 AM
I use a keepkey and I absolutely love it, it supports BTC, ETH, LTC, DOGE, and DASH. You can also instantly trade between the different coins as it is integrated with Shapshift.io although I did use shapeshift with a trade valued over 4k and it screwed up balances for a day but eventually came through. It was just scary. Other than that its an incredible device and I highly recommend it. you can see my review on the keepkey here
https://cointasker.com/bitcoin-blog/keepkey-review-hardware-wallet-first-impressions/
sr. member
Activity: 742
Merit: 397
May 05, 2017, 07:02:29 AM
Storing on trading and exchange site is not really advisable specially for high amounts of bitcoins being stored there,anytime no matter how strong the site is its may still get hacked by  someone and easily steal money from all users on the site
sr. member
Activity: 476
Merit: 250
May 05, 2017, 05:32:51 AM
70% are on exchange and remaining on mycelium wallet
Are you trader? If you're a trader it might not be a problem to keep most of your bitcoin in a trade because it's certainly for work purposes ?
sr. member
Activity: 784
Merit: 251
May 05, 2017, 04:34:28 AM
Every time i receive my income, i always make sure that it was on a safe place, i always secure it, to prevent from losing it. I always stored it in different wallet so that it is not prone to hacking.
And some are in my bank account to make it safe and easy to withdraw when the time comes that i need money.
Its better to make sure the safety of the money you work hard than to let anyone to take it from you.
Yes I also like that, I also save my coin with different wallet, and I also rarely save 1 BTC in one wallet, sometimes 1 BTC I scatter in all of my wallets so if hack do not lose everything.

sr. member
Activity: 700
Merit: 254
May 05, 2017, 03:53:20 AM
Every time i receive my income, i always make sure that it was on a safe place, i always secure it, to prevent from losing it. I always stored it in different wallet so that it is not prone to hacking.
And some are in my bank account to make it safe and easy to withdraw when the time comes that i need money.
Its better to make sure the safety of the money you work hard than to let anyone to take it from you.
sr. member
Activity: 518
Merit: 250
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.
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