How do you keep your bitcoins? - page 52.

naughty1

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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.

staff_1307

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

paul gatt

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Quote from: robelneo on April 22, 2017, 06:54:53 AM

I don't have a hardware wallet but I make sure I have my private keys and my pc secured,but of course you also need an online wallet in case you need to purchase or do a trade I have a good and secured local online wallet,I guess it's all about spreading your coins and securing it.

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. 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.

Sanitough

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Quote from: ethereumhunter on April 23, 2017, 08:27:17 AM

Quote from: Souldream on April 22, 2017, 07:11:00 PM

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.

Same goes with me But I am using our local bitcoin wallet,
And as soon as I receive some bitcoin and I need some money I would just convert it to Fiat to withdraw it asap.

that is the most way that we can do to exchange our bitcoin into fiat and this is the same thing that i do when i need money too. so far, i keep my bitcoin in market exchange for doing trading and i keep the most of bitcoin amount in pc and android phone with using of software and i am really satisfied until now.

Whatever ways we do, let's just be responsible of what we are doing...
Keeping bitcoin is really risky unlike keeping our money in the bank where there is an insurance for it.
Also, if only there are insurance agency that will accept our bitcoin, I would love to avail their service, just to be safe because I'm planning to hold longer.

SmokerFace

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I wouldn't keep my bitcoins in whole time and i don't trust any wallet sites even if it has https it's not posible to get hacked or lose all of my coins much better i buy a good altcoins and hold it in the exchange but i don't trust exchange sites too but it easy very easy to grow the altcoins so i can get a profit for a little time i don't like keeping my money for small profit i want a day or week trade and profit.

n691309

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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

A very bad practice. It's good to withdraw your bitcoins if you are not using/trading them regularly or too often, leaving your money to someone else can be dangerous and who know when the exchange will be "hacked".

Quote from: naville on April 22, 2017, 08:55:29 AM

I even not have a time to keep it, if my balance reach 0.01 I cashout it to buy some food

If you really need them then you can't do anything else to save the bitcoins otherwise if you have other ways income then try to save bitcoins even small amounts.

ethereumhunter

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Quote from: Souldream on April 22, 2017, 07:11:00 PM

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.

Same goes with me But I am using our local bitcoin wallet,
And as soon as I receive some bitcoin and I need some money I would just convert it to Fiat to withdraw it asap.

that is the most way that we can do to exchange our bitcoin into fiat and this is the same thing that i do when i need money too. so far, i keep my bitcoin in market exchange for doing trading and i keep the most of bitcoin amount in pc and android phone with using of software and i am really satisfied until now.

Pattart

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Activity: 1190

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Quote from: pinkpanther03 on April 21, 2017, 05:25:19 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

So far I am using Electrum wallet, multibit hd, mycelium, and exchange wallet. Which is so far I don't have any issues problem that I encountered before. Which means its really helpful to me Wink

If your goal is to save in exchange for a lot easier to trade it is not a problem but you have to allocate the right funds. Do not put everything in exchange because it will be risky

abayan

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The common is blockchain wallet to use but in your case it is more secure if you will use a different reputable bitcoin wallets or in short scattering your funds so it will lessenthe risk of losing all your bitcoins in any cases or problems in online wallet .
In all the best storage is a offline wallet for you to stored it safely because you are in control with your private keys.

Souldream

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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.

Same goes with me But I am using our local bitcoin wallet,
And as soon as I receive some bitcoin and I need some money I would just convert it to Fiat to withdraw it asap.

Pattart

hero member

Activity: 1190

Merit: 500

Quote from: Wowcoin on April 11, 2017, 05:06:05 AM

I keep may bitcoins in a local wallet that i can exchange it in cash if i want. So once bitcoin price get high i exchange it in cash by withdraw it in a bank. And the others i keep in blockchain that is the most i used from now to keep my bitcoin.

I also like that I keep my bitcoin in the local of exchange. it will be more simple because when you need cash you can directly sell your bitcoin and pulled out of the exchange

ipungadhi

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Activity: 272

Merit: 250

Quote from: pinkpanther03 on April 21, 2017, 05:25:19 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

So far I am using Electrum wallet, multibit hd, mycelium, and exchange wallet. Which is so far I don't have any issues problem that I encountered before. Which means its really helpful to me Wink

It's no problem to use exchange as a wallet to store your bitcoin. Because it will be much easier and simpler if you're going to trade.

naville

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I even not have a time to keep it, if my balance reach 0.01 I cashout it to buy some food

BitcoinPC

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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

Trading site?
Its mean you are doing only trading, and not hold bitcoin. I am also doing altcoin trading, and still i prefer to hold bitcoin. Because bitcoin is more powerful coin than others. In bitcoin, we have a chance to earn money a lot of than trading. But about the OP, i am using online wallet to store my bitcoins.

vips

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I have all my coins in on an online trading site

robelneo

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I don't have a hardware wallet but I make sure I have my private keys and my pc secured,but of course you also need an online wallet in case you need to purchase or do a trade I have a good and secured local online wallet,I guess it's all about spreading your coins and securing it.

Capradina

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Quote from: BeGoods on April 11, 2017, 05:26:21 AM

Quote from: Wowcoin on April 11, 2017, 05:06:05 AM

I keep may bitcoins in a local wallet that i can exchange it in cash if i want. So once bitcoin price get high i exchange it in cash by withdraw it in a bank. And the others i keep in blockchain that is the most i used from now to keep my bitcoin.

be careful with the exchange, although initially assured and reliable. I prefer to put it in the wallet first. when I want to convert it to a fiat I could send it to the exchange it reduces the risk.

Precisely, it is indeed used for those who want to exchange a fiat or want to profit by following the development of coin they use. For the problem of storage it is best we make his own wallet and store it properly, because sometimes the security system in the trading site is very powerful, but security there is in the email or username that we have is not so strong that it causes hackers to easily take over your account and then take all the coins that exist

Obito

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Quote from: Wong Gendheng on April 21, 2017, 05:02:08 AM

Quote from: kurokishi10 on April 21, 2017, 03:27:07 AM

I would never trust an online site,u are always at a risk of loosing them ,I currently have 2 btc and they are kept safe in mycelium wallet,for begginers block chain is useful but when u exceed half a btc I would prefer mycelium over anything else ,it has appropriate protection and the fees is nominal I'm not saying its less but compared to others its protection is top class so I'll prefer that you
go with mycelium Shocked

I think there are still many trusted online site, the best way to save your bitcoin is to divide into several places so that if one place is closed then we still have a backup and our bitcoin not lost all.

Indeed... I have the same tricks, I save my bitcoin in different wallet so that when the other one was scam I have an extra account.
Its better to divide your money to prevent us from losing our money. Yet, I put my money on popular and trusted wallet.

BeGoods

legendary

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Quote from: senyorito123 on April 21, 2017, 04:21:49 PM

For now I am not using my bitcoins for keeping on my wallet because, I have a project to do for my family to be used for my household improvements and badly needed an enough amount of money for the costs of materials to buy. Bitcoin for now is not my investment for other options like in tradings, but it's my source of fiat cash money and I am also depending on the currrent price value in the market I will be more happy to exchange my btc to fiat if price is higher in a current updates.

If your bitcoin is always used for something like family needs and it keeps you from continuing to exchange your bitcoin to fiat it's no problem. But think about the future move. Save a few percent for the future

Zaun

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Forza Roma

Quote from: sportis on April 22, 2017, 01:34:44 AM

A small amount I keep it in web wallet and I prefer the blockchain.info because has the capability to pair it with my smartphone so it is easy to spend it anytime I want. The rest I keep it in electrum as a desktop wallet. It is a fast and lightweight (there is no need to download all the blockchain) even though I have to rely on external servers. In the future If I will have more coins I will buy a compatible with electrum hardware wallet.

My trust in blockchain is quite big so I always keep 4/5 BTC there but my most assets are alts's which is why I store them on a special wallet PC. I would recommend that for everyone. Most funds on a special pc or usb. If you are store it on a pc.

Make server to NEVER use that PC for browsing the interwebs.

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