How do you keep your bitcoins? - page 50.

hamiltonik

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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.

Yes, you are right, keeping the coins in such a purse is the safest.
I used to store bitcoins in a web wallet, but I was told that hackers can hack it. I read about this a lot of articles

thisappointed

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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!

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.

BiTZeD

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I keep them splitted between Ethereum for unactive coins and betting reserve and my Poloniex account for the coins that are being traded. I also have a little amount of bitcoins on Poloniex to be lent.

notyours

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I just store then in my wallet and save it up and wait for the price of Bitcoin to rise since now the price is gradually increasing and a lot are hoping for it to hit the $2000 mark which is very possible and logical as they say base on the past years.

soul-impact

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Quote from: DoublerHunter on April 26, 2017, 08:32:12 AM

Quote from: Etanllah on April 26, 2017, 06:25:34 AM

I keep my Bitcoins in an online wallet (Blockchain.info) but I don't have much on there. If I had a lot of bitcoins or was making a large purchase I would definitely keep them in an offline wallet. I do not trust others with my money and I've seen to make stories about sites getting hacked.

Do not trust blockchain.info online wallet because they are holding your passphrase or back up phrase. I remember when my friend stored around 3 bitcoins there and after a few weeks he received an email that his 2FA was removed and approved and he also received an email saying that his bitcoins are transferred to another bitcoin address and after that it was a not to trust online wallet for me and i just use hardware wallet.

Why do you think they are unreliable? Safety depends entirely on the way you use your wallet. You yourself have disclosed information to someone, so that has happened. With someone not careful, even if you use an offline wallet, but you do not know how to preserve it carefully, at some point you will still lose your wallet.

DoublerHunter

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Quote from: Etanllah on April 26, 2017, 06:25:34 AM

I keep my Bitcoins in an online wallet (Blockchain.info) but I don't have much on there. If I had a lot of bitcoins or was making a large purchase I would definitely keep them in an offline wallet. I do not trust others with my money and I've seen to make stories about sites getting hacked.

Do not trust blockchain.info online wallet because they are holding your passphrase or back up phrase. I remember when my friend stored around 3 bitcoins there and after a few weeks he received an email that his 2FA was removed and approved and he also received an email saying that his bitcoins are transferred to another bitcoin address and after that it was a not to trust online wallet for me and i just use hardware wallet.

Etanllah

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I keep my Bitcoins in an online wallet (Blockchain.info) but I don't have much on there. If I had a lot of bitcoins or was making a large purchase I would definitely keep them in an offline wallet. I do not trust others with my money and I've seen to make stories about sites getting hacked.

1Referee

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Quote from: Cryptopher on April 25, 2017, 06:05:00 PM

Long term hodlers should obviously target offline means, while traders may want to keep some funds on the exchange. I fall into the latter - risky!

I am a trader as well, and indeed, there is no way to avoid having funds in your exchange account, but as soon as my trading session is done, I withdraw all my coins. Fiat on the other hand remains on exchange as it is very time consuming to move it back and forth. First priority for me are my coins, and as long as they go back to cold storage after every trading session, I am a happy Bitcoiner.

bonfite

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I'm still relying on the same wallet i used to store my bitcoins two years ago. I've been using Blockchain wallet to keep my btc and a local wallet for converting it to local currency. I will only try to use hard wallet if i had a large amount of bitcoins. I currently use the online wallet "blokchain" for storing my bitcoin. very flexible and easy to use. but I was pretty annoyed with the default fee of blockchain that is high enough

surzy

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Keeping coins at online not a bad idea also, Kepping it depends on how big the amount is, more the amount, you should increase your security by using different kind of wallets.And as mentioned, Physical wallets are kind of best, but it is also vulnerable, from like thefts, loosing it.

Smoxer

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well i keep most of my money on a disk on key, with backups ofcourse, some on online wallets and some connected to a visa card

Cryptopher

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Keep it dense, yeah?

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.

Yeah, convenience vs risk is a fair balance to strive for if you require it.

Long term hodlers should obviously target offline means, while traders may want to keep some funds on the exchange. I fall into the latter - risky!

Jasad

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= jasad =

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!

1Referee

legendary

Activity: 2170

Merit: 1427

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.

janjoni

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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.

jossiel

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Quote from: staff_1307 on April 25, 2017, 02:33:01 PM

Bitcoin is best stored locally. There is nothing to keep it in someone else's pocket.

And you should be aware on where you are going to place that storage or else you are throwing away your precious assets.

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.

staff_1307

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Bitcoin is best stored locally. There is nothing to keep it in someone else's pocket.

Polar91

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Quote from: Pattart on April 24, 2017, 08:31:39 PM

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.

But I think if you keep just a few percent of your bitcoin in exchange it's not a problem. Most importantly your bitcoin is kept in a safe place like an offline wallet

Actually, online wallet is secured enough and convinient enough to prevent hacking. In terms of keeping percent of you money in bitcoin, that is always must since no one should put all of his money in one investment to regulate investments very well.

Pattart

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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.

But I think if you keep just a few percent of your bitcoin in exchange it's not a problem. Most importantly your bitcoin is kept in a safe place like an offline wallet

Wa(t)ch_night()

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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

Quote from: sobsitesearch on April 23, 2017, 08:38:52 PM

Quote from: BeGoods on April 23, 2017, 07:25:30 PM

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.

I also fully trust the safety of my bitcoin purse. Therefore, I'm not afraid to keep large sums of money there. I trust banks not as much as bitcoin wallets.

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