Topic: How do you keep your bitcoins? - page 53. (Read 48859 times)
I keep bitcoin in blockchain and coinbase wallet maybe you can save your bitcoin in blockchain then writing key to access bitcoin along with its password in book and keep the book in safe place if need to be planted in the soil like a treasure
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
go with mycelium
Mycelium is one of the trusted. But for now I've been using a local online wallet. I know that is quite risky but still I believe in them and I trust them. Because their supports are very friendly and they have their physical office and everything about papers they've got and they are registered so it's fine to keep my bitcoins there.
If indeed they have a physical office and you live near the office then you can often check and make sure that your local online wallet will not be scam.
Although it is a precaution but in fact it does not guarantee that your local online wallet will not scam you. Moreover if you keep many amount of bitcoin, i think it is very risky to save on it.
I'm not that really near to the physical office of that local wallet that I'm using although they are transparent and I can say that they are really trusted. They are the best local wallet here in my country and their company is funded very well and if I'm not mistaken their CEO came from PayPal so I guess that is fine to trust them.
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
go with mycelium
Mycelium is one of the trusted. But for now I've been using a local online wallet. I know that is quite risky but still I believe in them and I trust them. Because their supports are very friendly and they have their physical office and everything about papers they've got and they are registered so it's fine to keep my bitcoins there.
If indeed they have a physical office and you live near the office then you can often check and make sure that your local online wallet will not be scam.
Although it is a precaution but in fact it does not guarantee that your local online wallet will not scam you. Moreover if you keep many amount of bitcoin, i think it is very risky to save on it.
Actually, a big fraction of what I own in bitcoin is stashed in a few online wallets.
The reason is because I do not own that many bitcoins.
If I had a bigger amount, I would use a paper wallet (probably more than one paper wallet).
I think you do not need to be complicated using paper wallet to be more secure in storing bitcoins, online wallets can also be safer, for example by providing authentication. I guarantee it will be safeThe reason is because I do not own that many bitcoins.
If I had a bigger amount, I would use a paper wallet (probably more than one paper wallet).
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
go with mycelium
Mycelium is one of the trusted. But for now I've been using a local online wallet. I know that is quite risky but still I believe in them and I trust them. Because their supports are very friendly and they have their physical office and everything about papers they've got and they are registered so it's fine to keep my bitcoins there.
Actually, a big fraction of what I own in bitcoin is stashed in a few online wallets.
The reason is because I do not own that many bitcoins.
If I had a bigger amount, I would use a paper wallet (probably more than one paper wallet).
I think online wallet is also very safe compared to paper wallet. I keep all the bitcoins in my wallet online but I have never experienced the experience of being gutted and stolen by someoneThe reason is because I do not own that many bitcoins.
If I had a bigger amount, I would use a paper wallet (probably more than one paper wallet).
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
An online site maybe risk to put large amount of bitcoin for long term but I remember someone who dis it for 5 years, he stored bitcoin on coinbase and it seems good enough. Yes, MyCelium wallet has some advanced privacy and security features. While this wallet could be a bit complicated for newbie users but it’s still one of the safest wallet on the market. Mycelium is an open source software program, so it's constantly upgraded. Even though this wallet primarily a hot wallet, there are some cold storage features for bitcoin users who wants to put their bitcoin outside the network. go with mycelium
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 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
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.
I get your reason of do not keeping your bitcoin, But i think if you can save a low percent of your weekly or monthly income and hold it in your btc wallet, It's a good investement too, Maybe one day your bitcoins grow up and you will be a millionaire by doing that 
, No one know what will happen in the future, By the way I hope that your project will succeed. 
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.
right now I'm just relying on online wallet, this is because I have not many have the bitcoin (about 0.75 btc), the most important is I use 2FA so if you want to login or the transfer will require SMS verification.
This is what I do to keep my bitcoins. Though it is very risky, I know the fact about it but I don't want to be confident to store my bitcoins with an hardware wallet because most of the people here that I live together are reckless. I don't want to trust them anything that I own but they keep on using the things that they don't own.
as a security tool. The more wallet I have the more I feel safe, I diversified it all actually.
Smart idea. I just use Blockchain.info currently, but I don't keep all my money there, only a little part. I use many sites, so my money stay diversified among all of them. It's somehow the same thing you do with your money. Split the money is the best way to prevent ourselves against hackers. If we lose a part it won't affect us at all, as it will be just a little part.
Yeah, this one is a smart idea which actually works well with 2FA security method. The same method should ve used in exchange sites such as poloniex, bittrex etc.
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
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. go with mycelium
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
go with mycelium
right now I'm just relying on online wallet, this is because I have not many have the bitcoin (about 0.75 btc), the most important is I use 2FA so if you want to login or the transfer will require SMS verification.
This is what I do to keep my bitcoins. Though it is very risky, I know the fact about it but I don't want to be confident to store my bitcoins with an hardware wallet because most of the people here that I live together are reckless. I don't want to trust them anything that I own but they keep on using the things that they don't own.
Keeping your Bitcoin in your online wallet is one of the most common way to save it. But I highly suggest, if you will not need it for the meantime, try to keep it in trading sites and buy or trade some coins then sell it in the future if the value increases. By doing that, you've saved your Bitcoin and at the same time earned more from trading.
right now I'm just relying on online wallet, this is because I have not many have the bitcoin (about 0.75 btc), the most important is I use 2FA so if you want to login or the transfer will require SMS verification.
This is what I do to keep my bitcoins. Though it is very risky, I know the fact about it but I don't want to be confident to store my bitcoins with an hardware wallet because most of the people here that I live together are reckless. I don't want to trust them anything that I own but they keep on using the things that they don't own.
Keeping your Bitcoin in your online wallet is one of the most common way to save it. But I highly suggest, if you will not need it for the meantime, try to keep it in trading sites and buy or trade some coins then sell it in the future if the value increases. By doing that, you've saved your Bitcoin and at the same time earned more from trading.
I don't recommend to save it on the trading sites, it's better to keep that on those trusted online wallet websites rather than trading sites. Since you just want to save it for better then you don't need to do buying and selling of it as you will be focused on other things while waiting for the right time to sell it, since selling is very easy.
right now I'm just relying on online wallet, this is because I have not many have the bitcoin (about 0.75 btc), the most important is I use 2FA so if you want to login or the transfer will require SMS verification.
This is what I do to keep my bitcoins. Though it is very risky, I know the fact about it but I don't want to be confident to store my bitcoins with an hardware wallet because most of the people here that I live together are reckless. I don't want to trust them anything that I own but they keep on using the things that they don't own.
Keeping your Bitcoin in your online wallet is one of the most common way to save it. But I highly suggest, if you will not need it for the meantime, try to keep it in trading sites and buy or trade some coins then sell it in the future if the value increases. By doing that, you've saved your Bitcoin and at the same time earned more from trading.
right now I'm just relying on online wallet, this is because I have not many have the bitcoin (about 0.75 btc), the most important is I use 2FA so if you want to login or the transfer will require SMS verification.
This is what I do to keep my bitcoins. Though it is very risky, I know the fact about it but I don't want to be confident to store my bitcoins with an hardware wallet because most of the people here that I live together are reckless. I don't want to trust them anything that I own but they keep on using the things that they don't own.
as a security tool. The more wallet I have the more I feel safe, I diversified it all actually.
Smart idea. I just use Blockchain.info currently, but I don't keep all my money there, only a little part. I use many sites, so my money stay diversified among all of them. It's somehow the same thing you do with your money. Split the money is the best way to prevent ourselves against hackers. If we lose a part it won't affect us at all, as it will be just a little part.
right now I'm just relying on online wallet, this is because I have not many have the bitcoin (about 0.75 btc), the most important is I use 2FA so if you want to login or the transfer will require SMS verification.
This is what I do to keep my bitcoins. Though it is very risky, I know the fact about it but I don't want to be confident to store my bitcoins with an hardware wallet because most of the people here that I live together are reckless. I don't want to trust them anything that I own but they keep on using the things that they don't own.
as a security tool. The more wallet I have the more I feel safe, I diversified it all actually.
right now I'm just relying on online wallet, this is because I have not many have the bitcoin (about 0.75 btc), the most important is I use 2FA so if you want to login or the transfer will require SMS verification.
This is what I do to keep my bitcoins. Though it is very risky, I know the fact about it but I don't want to be confident to store my bitcoins with an hardware wallet because most of the people here that I live together are reckless. I don't want to trust them anything that I own but they keep on using the things that they don't own.
I keep my bitcoins divided into few online wallets. I know it's not safest place to keep bitcoins, especially if wallet don't gives your private keys, but I don't want to keep bitcoins on desktop wallet because I'm afraid to catch virus, which can steal my coins. I also keep some bitcoins in few exchanges for trading. But it's only small amount, keeping all bitcoins on exchanges is not recommended. I think safest place to keep bitcoins is hardware wallet like Trezor, but it costs quite expensive.
It is a great idea to divide the bitcoin you will kept on two or more wallet. But for me i used two kinds of wallet such as an online wallet and application wallet. For me doing these may make the risk on holding and storing prevented on scamming or issues. I used an application wallet called coin.ph where i can hold and store my bitcoin while using in transaction like paying bills, buying load or even converting bitcoin for other transaction. And i also used blockchain for transaction where limit is not needed for gambling and deep transaction. Through these we can less the risks and problems. Jump to: