How do you keep your bitcoins? - page 51.

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.

Yatsan

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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.

That's right it's safe when you are going to save your bitcoin into safe just like offline wallets but for me the web wallet too is safe because they are trusted and the web wallet sending and receiving of the bitcoins is no hassle so for me I prefer to save my bitcoin into the web wallet because for me if I wil save my bitcoins into offline I think that is hassle for sending and receiving of bitcoins. and also in exchanging it into fiat.

chineseprancing

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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.

NEWGOODOUBLE

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Activity: 476

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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.

If my strategy I keep a few percent bitcoin that I have in exchange for trading purposes only. And to gain profit
And store all the other bitcoins in the wallet

YuginKadoya

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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.

sobsitesearch

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Activity: 406

Merit: 250

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.

BeGoods

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Activity: 1372

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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.

whizter

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Activity: 588

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Quote from: JasonXG on April 23, 2017, 04:16:01 PM

I keep the bulk of my bitcoin on a at wallet I run from BIM in a server pc I use for all my coin wallets and to stake with. My main spending wallet is st blockchain.info I like the ease of use of online wallets for buying from where ever I am. I then have two addictional wallets. One for gambling and one for trading and investments.

but i do not keep bulk my bitcoin in online wallet because of security reason. i personally using different online wallet and distribute my bitcoins there in different wallet so as to avoid the chances of stealing or hacking my online wallet.

JasonXG

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I keep the bulk of my bitcoin on a at wallet I run from BIM in a server pc I use for all my coin wallets and to stake with. My main spending wallet is st blockchain.info I like the ease of use of online wallets for buying from where ever I am. I then have two addictional wallets. One for gambling and one for trading and investments.

MingLee

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Activity: 490

Merit: 520

Currently have whatever I still have in an online wallet, might move them to a desktop wallet once I start to accumulate more but for right now there isn't much I can say about having any unique storage methods or anything. I'm probably one of the plainest people here.
I used to have a paper wallet and a desktop wallet, but I don't think that either of them are especially useful for what I have going right now. Not that's I'm complaining or anything.

Jonny_DD

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Quote from: 1Referee on April 23, 2017, 01:22:09 PM

Quote from: paul gatt on April 23, 2017, 09:19:48 AM

If you own a large amount of bitcoin, you should save it on a hard drive, which is safe for you, and of course you must own the private key.

I assume you're talking about an external drive? Storing your wallet files/private keys on hard drives or usb drives is just optional. Negative aspect is that they may corrupt, or just stop working completely. Best possible storage is a metal bar with the private key(s) engraved. This will make sure that your private keys will not vade or vanish as might be the case with paper wallets.

Quote from: paul gatt on April 23, 2017, 09:19:48 AM

Conversely, if you regularly carry out transactions, and the number of bitcoins you own is average, you should use an online wallet that will support you a lot of things, and will ensure the time for Your transactions. Because online wallets always set a fixed fee enough to complete the transaction quickly.

If you choose a light weight wallet (light weight in the way that it doesn't require/download the entire blockchain) it will work perfectly as well. It doesn't cost much effort to just include a proper fee. What else do you need?

I agree with you. Now a lot of convenient applications. Each has its own characteristics and advantages. You just need to choose the purse in which you are most comfortable storing coins.

1Referee

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Quote from: paul gatt on April 23, 2017, 09:19:48 AM

If you own a large amount of bitcoin, you should save it on a hard drive, which is safe for you, and of course you must own the private key.

I assume you're talking about an external drive? Storing your wallet files/private keys on hard drives or usb drives is just optional. Negative aspect is that they may corrupt, or just stop working completely. Best possible storage is a metal bar with the private key(s) engraved. This will make sure that your private keys will not vade or vanish as might be the case with paper wallets.

Quote from: paul gatt on April 23, 2017, 09:19:48 AM

Conversely, if you regularly carry out transactions, and the number of bitcoins you own is average, you should use an online wallet that will support you a lot of things, and will ensure the time for Your transactions. Because online wallets always set a fixed fee enough to complete the transaction quickly.

If you choose a light weight wallet (light weight in the way that it doesn't require/download the entire blockchain) it will work perfectly as well. It doesn't cost much effort to just include a proper fee. What else do you need?

Drago2016

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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, I store my coins on different sites and in different purses. It's good that while nothing bad has happened to me, but safety will not hurt.

Free1bitco.in

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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.

Well, basically the exchanger site is only used to exchange the coins you have, not to store them. It might be better to use coinbase, or myetherwallet for altcoin.

aardvark15

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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.

Sundark

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Quote from: vips on April 22, 2017, 08:40:00 AM

I have all my coins in on an online trading site

You either have no idea how dangerous storing your coins online is, or you are a seasoned trader who know what he is doing.
No trying to judge hastily I rather think you belong to this first category.

Quote from: bustedsynx on April 23, 2017, 10:31:31 AM

Cold storage or exchange wallet for trading....what else?

Unless you have rather excessive amount of coins then cold storage is rather fancy way of storing coins.
What is wrong with software wallet encrypted with strong password?

bustedsynx

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Cold storage or exchange wallet for trading....what else?

Barbut

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★Bitvest.io★ Play Plinko or Invest!

Multibithd was my choice until I had some problem with them, now I`m planing to download electrum. I have coins in many casinos, 10 mbtc here, 50 there.. I use wallets when I`m collecting amount on one place to deposit more on one place with bonus, or when I`m cashing out, and I do that often. So more on less I don`t keep my coins on one place for to long, that is gamblers life. When I download electrum I`m planing to start saving a bit if its possible with my character.

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Quote from: naughty1 on April 23, 2017, 09:52:57 AM

Quote from: staff_1307 on April 23, 2017, 09:27:24 AM

I keep my Bitcoins only in online purses, because I think this is the safest way.

No, it's not the safest way; on the contrary, it puts a lot of risk on your money, because most online wallets use cloud data. And that's where hackers easily get hacked. They will steal your account, and then take all the money you have, one day you log into your account and discover that you are stolen. it was worse.

Exactly its a big risk to store your bitcoins in online wallet as there are more chances that your bitcoins will get hacked by the hackers and I think that the best and safest place to store your bitcoins is in offline wallet where your bitcoins are very much safe.

Topic: How do you keep your bitcoins? - page 51. (Read 48802 times)