How do you keep your bitcoins? - page 49.

anasis

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Quote from: majeed on April 27, 2017, 11:27:30 AM

Quote from: izanagi narukami on April 27, 2017, 11:07:17 AM

Quote from: doomistake on April 27, 2017, 10:57:37 AM

Quote from: Baby Dragon on April 26, 2017, 07:13:19 PM

It's better to store your bitcoin in your bitcoin wallet more safe and more trusted than investing but we know that now all cryptocurrency exchanger are trusted there are also exchanger that scam money when you do exchange.

It depends on the wallet that you are going to use to be honest, though it is still depends on you on where you are comfortable, but if I were you, I'm going to store some of my bitcoins in the web wallet and the rest will be in the hardware wallet or in the white paper, because it is safer than most of the wallet here in the crypto world. But still, you have to be careful on where you are going to save or going to keep your private key because it is the most important thing that you needed to open your wallet.

Whenever you decide to keep your bitcoin, let just pray that internet will keep exist forever since bitcoin can't be operated once internet was down.
For me personally, I'm usually sell my bitcoin every month so if bitcoin one can't be use for trading anymore, at least I can enjoy my past attempt to sold some of my bits

LOL. I do agree to what you say. However, the internet can never be destroyed, it will keep developing no matter how the world change. Dont worry. Even if you can access the internet, It still exists. If all the machines die, the internet is still there, waiting for someone to reactivate it. We only need access by tools or gadgets

Yes, the Internet now will never disappear from our lives. And it's very good and convenient.
I keep my bitcoins in the purse blockchain.info. I believe that this type of storage provides me with security and reliability

germanybtc

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To be honest, I know even when my first introduced to Bitcoin that for perfect security I needed to install my own wallet so I could control private keys and such. But on one concern of mine was how I always lost my passwords, what more private keys. Another was my balance is so small (less $10 usd) so I felt it was okay for a web wallet, which I still continue using.

majeed

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Damn

Quote from: izanagi narukami on April 27, 2017, 11:07:17 AM

Quote from: doomistake on April 27, 2017, 10:57:37 AM

Quote from: Baby Dragon on April 26, 2017, 07:13:19 PM

It's better to store your bitcoin in your bitcoin wallet more safe and more trusted than investing but we know that now all cryptocurrency exchanger are trusted there are also exchanger that scam money when you do exchange.

It depends on the wallet that you are going to use to be honest, though it is still depends on you on where you are comfortable, but if I were you, I'm going to store some of my bitcoins in the web wallet and the rest will be in the hardware wallet or in the white paper, because it is safer than most of the wallet here in the crypto world. But still, you have to be careful on where you are going to save or going to keep your private key because it is the most important thing that you needed to open your wallet.

Whenever you decide to keep your bitcoin, let just pray that internet will keep exist forever since bitcoin can't be operated once internet was down.
For me personally, I'm usually sell my bitcoin every month so if bitcoin one can't be use for trading anymore, at least I can enjoy my past attempt to sold some of my bits

LOL. I do agree to what you say. However, the internet can never be destroyed, it will keep developing no matter how the world change. Dont worry. Even if you can access the internet, It still exists. If all the machines die, the internet is still there, waiting for someone to reactivate it. We only need access by tools or gadgets

bamboylee

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Quote from: fitty on April 26, 2017, 07:22:33 PM

Quote from: Baby Dragon on April 26, 2017, 07:13:19 PM

It's better to store your bitcoin in your bitcoin wallet more safe and more trusted than investing but we know that now all cryptocurrency exchanger are trusted there are also exchanger that scam money when you do exchange.

Well probably choose the most reputable wallet in your country. For example here in the Philippines, I found it convenient to store my Bitcoins in Coins.ph. Or, you can make your own hardware wallet, or a paper wallet at least. I highly suggest not to put it in exchanger sites, you cannot guarantee that will not run in a long period of time.

Online wallets are not safe either, even if you trust coins.ph, it is better not to store large amount of bitcoin in there. And you do not hold the private keys in coins.ph, so you actually do not have control over your bitcoins if they decided to become scam. Since you are investing for long term, hardware wallet will be the best option.

izanagi narukami

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Quote from: doomistake on April 27, 2017, 10:57:37 AM

Quote from: Baby Dragon on April 26, 2017, 07:13:19 PM

It's better to store your bitcoin in your bitcoin wallet more safe and more trusted than investing but we know that now all cryptocurrency exchanger are trusted there are also exchanger that scam money when you do exchange.

It depends on the wallet that you are going to use to be honest, though it is still depends on you on where you are comfortable, but if I were you, I'm going to store some of my bitcoins in the web wallet and the rest will be in the hardware wallet or in the white paper, because it is safer than most of the wallet here in the crypto world. But still, you have to be careful on where you are going to save or going to keep your private key because it is the most important thing that you needed to open your wallet.

Whenever you decide to keep your bitcoin, let just pray that internet will keep exist forever since bitcoin can't be operated once internet was down.
For me personally, I'm usually sell my bitcoin every month so if bitcoin one can't be use for trading anymore, at least I can enjoy my past attempt to sold some of my bits

webtricks

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Quote from: pinkpanther03 on April 27, 2017, 10:44:37 AM

I keep my bitcoin through online wallets, actually in different addresses such as electrum, multibit hd, bitcoin core, meycelium, and bitcoin and others are from exchange bitcoin wallets. But I'm a bit curious about in offline wallet, I want to try that one, can anyone could give some assistance about it. thanks Cheesy

When one says offline, it means cold storage. So once kept in offline wallet you can't use it regularly like one does on these web wallets. Offline wallets are generally for those who wanna keep Bitcoin as investment like for speculative mean. Whereas for regular inflow and outflow users I suggest wallets giving private keys to users like Mycelium, one of my favourite and you use too!

doomistake

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Quote from: Baby Dragon on April 26, 2017, 07:13:19 PM

It's better to store your bitcoin in your bitcoin wallet more safe and more trusted than investing but we know that now all cryptocurrency exchanger are trusted there are also exchanger that scam money when you do exchange.

It depends on the wallet that you are going to use to be honest, though it is still depends on you on where you are comfortable, but if I were you, I'm going to store some of my bitcoins in the web wallet and the rest will be in the hardware wallet or in the white paper, because it is safer than most of the wallet here in the crypto world. But still, you have to be careful on where you are going to save or going to keep your private key because it is the most important thing that you needed to open your wallet.

pinkpanther03

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I keep my bitcoin through online wallets, actually in different addresses such as electrum, multibit hd, bitcoin core, meycelium, and bitcoin and others are from exchange bitcoin wallets. But I'm a bit curious about in offline wallet, I want to try that one, can anyone could give some assistance about it. thanks Cheesy

YuginKadoya

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Quote from: chineseprancing on April 23, 2017, 09:08:49 PM

Quote from: YuginKadoya on April 23, 2017, 08:53:10 PM

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Quote from: aardvark15 on April 23, 2017, 01:03:46 PM

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

Be careful about leaving all of your coins on an online exchange or storage site. The site could close down or get hacked. I prefer to keep some of my Bitcoins in an offline wallet to be safe.

For security it would be better if you keep it in the wallet. Because it will be much safer and has been proven safe. Yeah because of the experience some time ago. Exchange can be a scam.

Me also i just keep mu bitcoin in my wallet even for long period of time i do not have to worry of scam because all my security is on my hand.
Because outside the wallet it is much risky to scam.

Are you really sure about the bitcoin wallet that you are using because there are certain reports about some bitcoin wallet that are scam, and Wallet scams attract users with the assurance of greater transaction anonymity. Once the deposit level rises above a certain level, the scammers simply move the bitcoins into their own wallet. I think we simply need some assurance before saying that you are using a really safe wallet.

Me i am sure that my local bitcoin wallet is very safe, that is why i choose to put big amount of money in my wallet since i also used this in my business, i used my wallet as like as remittance center which i earn additional income for this.

Yes! we should pretty well have confidence with the wallet that we are putting our bitcoin because bitcoin wallets are just mare site that created by certain people we might not know what are they trying to think right now but that is their reputation we are talking about when they done something just like that! but just try to be sure that you are using a wallet that can be trusted.

jossiel

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Quote from: 1Referee on April 25, 2017, 05:45:37 PM

Quote from: jossiel on April 25, 2017, 04:54:03 PM

I'm keeping my bitcoin right now through a web wallet but I don't store it on a single place.

I'm splitting my funds from many web wallets so if ever one of them is going to collapse or does have a plan to runaway.

Then I won't be losing all of my funds.

Instead of having a third party that controls your precious coins, why don't you just split your coins into several paper wallets? If you do it properly, then you'll be the sole owner of everything. Right now you expose yourself to unnecessary risks that can easily be avoided by storing your coins offline. Ok, you lose the convenience that online wallet services may offer you, but you gain a total form of security over your coins.

I know the risk on what I'm doing and I am very aware about it but with this way I find it more convenient to do so.

And I'm choosing only those web wallets that are trusted by most of us and I believe on those web wallets.

Maybe next time I'm going to secure some of it with paper wallets and will do saving some of it through offline wallets.

Right now I'm satisfied this way.

Rahar02

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Quote from: Jasad on April 25, 2017, 05:56:07 PM

Quote from: janjoni on April 25, 2017, 05:38:18 PM

There is no site that is 100 % secure, if you only have a few btc,so you must store it on exchange. Many people are using online wallets, but I don't completely trust online sites and feel better having coins on my desktop. I keep 2 wallets. 1 for online bitcoin wallet for my trading profits and also the another one is hardware wallet which is store most of my bitcoins and just keep it aside.

lol an exchange could run away anytime ,
just like cryptsy that scamming people who store thousands bitcoin there ,
paper wallet is the most secure wallet to store your bitcoin ,
noone can get access to the wallet but you!

That's a common rule of a wallet, I can't say 100% save but almost as long as you do preventive measure correctly.
Different handling according to how much bitcoin you have, if only a little amount, I prefer to save bitcoin in online wallet (but not an exchange) in case I need to do daily transaction but secure your email first and then your wallet with 2fa or anything else.
If you have big amount of bitcoin, offline wallet may the best option to secure it as long as we keep it in a safe place and keep it away from dangerous things.

fitty

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Quote from: Baby Dragon on April 26, 2017, 07:13:19 PM

It's better to store your bitcoin in your bitcoin wallet more safe and more trusted than investing but we know that now all cryptocurrency exchanger are trusted there are also exchanger that scam money when you do exchange.

Well probably choose the most reputable wallet in your country. For example here in the Philippines, I found it convenient to store my Bitcoins in Coins.ph. Or, you can make your own hardware wallet, or a paper wallet at least. I highly suggest not to put it in exchanger sites, you cannot guarantee that will not run in a long period of time.

Kolder

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Quote from: Baby Dragon on April 26, 2017, 07:13:19 PM

but we know that now all cryptocurrency exchanger are trusted there are also exchanger that scam money when you do exchange.

Lol. You said that all exchanger was trusted then you said some are scam. It really contradicts each other but anyway, Don't trust your bitcoin on exchange no matter how trusted it is. Because in the past, there are some big trusted exchsnge that turn into scam in a blink of an eye.

Baby Dragon

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It's better to store your bitcoin in your bitcoin wallet more safe and more trusted than investing but we know that now all cryptocurrency exchanger are trusted there are also exchanger that scam money when you do exchange.

Jasad

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= jasad =

Quote from: thisappointed on April 26, 2017, 09:01:27 AM

Quote from: Jasad on April 25, 2017, 05:56:07 PM

Quote from: janjoni on April 25, 2017, 05:38:18 PM

There is no site that is 100 % secure, if you only have a few btc,so you must store it on exchange. Many people are using online wallets, but I don't completely trust online sites and feel better having coins on my desktop. I keep 2 wallets. 1 for online bitcoin wallet for my trading profits and also the another one is hardware wallet which is store most of my bitcoins and just keep it aside.

lol an exchange could run away anytime ,
just like cryptsy that scamming people who store thousands bitcoin there ,
paper wallet is the most secure wallet to store your bitcoin ,
noone can get access to the wallet but you!

Not all of the exchanger are not legit and would just run away anytime, of course you are going to keep your bitcoins in a exchanger which is secure and trusted by the people, but it would be better if you are going to use it on Trading, because there is a possibility that your bitcoin will lost if you are just going to store it there.

Storing your bitcoin in a hardware wallet is the best one, because it is very invisible to the hackers since hardware wallet is offline, and you are just going to use it online if you are going to send bitcoins to other people.

i am not saying every exchange is not legit ,
i just state it as security measure in the worst case an exchange could created a drama ,
like they claimed has been compromised , hacked etc ,
but actually they not , too much similar case like this and it shows how you should not go full 100% trust on any third party things.

optigon

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What kind of question is that? I keep my bitcoins in my girlfriend's pussy and ass as I think those are the safest place to save my bitcoins as those are the places where only I can have access to whenever my dick feels to get into it.

duckydonald

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Quote from: clickerz on April 26, 2017, 11:05:12 AM

I am using an online wallet always, but as of now since I want to save bitcoin for long term use I just download an electrum ang installled it. so far, its ok now.Just save the seed and you are fine.

Online wallets are risky as there is always an chance of your wallet getting hacked by the hackers and in that case you will be loosing all your bitcoins as once but saving in electrum wallet is really safe as it has great safety measures which will keep your bitcoins intact in it.

johnwest

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Quote from: clickerz on April 26, 2017, 11:05:12 AM

I am using an online wallet always, but as of now since I want to save bitcoin for long term use I just download an electrum ang installled it. so far, its ok now.Just save the seed and you are fine.

Thats better. It is great if everyone saves their BTC or other altcoins, in a local Bitcoin wallet. All the web and exchange website wallets can be compromised anytime from hackers or stealers. Just have kept my day to day usage Bitcoin in a web wallet, all my savings in local desktop wallet.

clickerz

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Backed.Finance

I am using an online wallet always, but as of now since I want to save bitcoin for long term use I just download an electrum ang installled it. so far, its ok now.Just save the seed and you are fine.

prashanta

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I'm using online wallet (coinbase) to keep my bitcoins & most part of the bitcoins are used some exchanger for trading. but it's a big question how much safe am I to use these? Huh

Topic: How do you keep your bitcoins? - page 49. (Read 48859 times)