How do you keep your bitcoins? - page 54.

boyptc

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★Bitvest.io★ Play Plinko or Invest!

Quote from: Sasha Grey on April 20, 2017, 08:13:32 PM

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.

Wintersoldier

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Quote from: LTU_btc on February 16, 2017, 06:38:17 PM

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.

Sasha Grey

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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.

BeGoods

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Quote from: UCHCHILD on April 20, 2017, 06:43:05 PM

I am storing my coin online wallet, I am not that afraid to use online because first I am sure it more secure for my coins then I do not have that huge amount of coins to bother of and I can transact using online wallet wherever I want I do not need to rush home to just pay some bills so I can use it wherever and whenever I want as long as I have internet connection no worries at all. Lips sealed

True excellence using online wallet is very flexible you can use it on mobile or other gadgets. Most importantly you have an internet connection. And no doubt about its safety

bitcoindusts

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I keep my Bitcoin in my local wallet. I use light wallets like electrum so that I do not have to download the whole blockchain. And paperwallet for the Bitcoin that I intend not to spend for a very long time.

UCHCHILD

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I am storing my coin online wallet, I am not that afraid to use online because first I am sure it more secure for my coins then I do not have that huge amount of coins to bother of and I can transact using online wallet wherever I want I do not need to rush home to just pay some bills so I can use it wherever and whenever I want as long as I have internet connection no worries at all. Lips sealed

akamit

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As for me, I prefer to store all my coins in different places.
Such as, 2-3 wallets, altcoin trading platforms, and if possible invest in some projects..

This way I believe, my coins will be secure and by the time I will also get some returns from trading and investments.

Frankly saying, I don't like cold storage. Wink

richardsNY

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Quote from: jorneyflair on April 20, 2017, 04:42:37 PM

Everybody should choose the wallet that fits well, it is most important to have transparent, easy in use wallet.

It mostly depends what exactly do you need in wallet service, because if you are looking for mobile wallet, then some web one should be fine.
But if you need a good way to store your bitcoins safely, the using cold wallet is a great solution.

Cold ~~wallet~~ storage is nothing more than a term for Bitcoins that are stored offline through a paper wallet, physical coin, USB stick, CD, dedicated hardware wallet, etc. Everything can be seen as cold storage as long as the coins can't be accessed from the internet. I personally use several cold storage methods -- digital wallet files stored on USB sticks, paper wallets, and a Trezor hardware wallet. I like security. Tongue

TheGodFather

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Quote from: MicroGuy on February 16, 2017, 09:47:48 PM

Quote from: Playboi on February 16, 2017, 05:02:49 PM

How do you currently store your coins

Nowadays, they can be safely stored for days or weeks just by spending them. Tongue

Well, some others tend to store their earnings from an external wallet or offline wallet . just to make sure that they will not be scammed . and your tellling us that you can safely store your earnings for days by just spending them? I think thats not real.

jorneyflair

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Everybody should choose the wallet that fits well, it is most important to have transparent, easy in use wallet.

It mostly depends what exactly do you need in wallet service, because if you are looking for mobile wallet, then some web one should be fine. However don't ever store too many bitcoins in that wallet because it is more likely to get hacked.

But if you need a good way to store your bitcoins safely when you don't need to access it for a long time, the using cold wallet is a great solution.

Haladay

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Quote from: Pattart on April 14, 2017, 05:43:02 AM

Quote from: Haladay on April 13, 2017, 05:30:34 PM

Quote from: Pattart on April 11, 2017, 07:47:53 PM

Quote from: Haladay on April 11, 2017, 05:39:13 PM

Create a unique bitcoin adress.
Don't share you private adress with anyone.
Setup a phrase for private adress.
Print out a paper wallet.
Keep that wallet in safe.
Make sure that nobody is able to reach and see your private key.
That's all! You don't need any shinny bitcoin hardware wallet.

I think users want something flexible. paper wallet will be a little tricky to use, it might be nice to use paper wallet if you're already committed to keep bitcoin in a long time

Oh come on, there is nothing tricky with paper wallet. It's simple and secure. For a beginner, there is nothing easier than online wallets such as Coinbase and Blockchain.info for sure. Yet If you wanna make sure your bitcoins are in secure, the paper wallet method is out there for you!

I'm not concerned about security. because paper wallet will definitely be safe because you will be protected from hackers, I'm concerned about the flexibility of paper wallet would be less complicated to transaction right ?

Yes, you're right. Yet, this still doesn't mean using paper wallet is tricky as you said above.

severaldetails

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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).

mornabo

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Quote from: htmlcake on April 11, 2017, 06:01:24 AM

I prefer to use an online wallet in my browser.

I think it would be much more simple, easy to use (no ribel), flexible or can be used anywhere. you can install an online wallet application on your phone and you can use bitcoin it whenever and wherever

Nicol3

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I keep my bitcoin through an online wallet. Very convenient for I can buy things online, load myself for internet usage and can withdraw them anytime on trusted and affiliated banks and withdrawal shops. I might keep some btc through an offline wallet too but I have to read more about it for I am just new here.

avikz

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There is no single place to keep all your bitcoin for another 5-7 years because anything can happen any time. It is always better to diversify. I suggest you to keep all your bitoins in more than 3-4 wallets if the amount is big.

You can have a combination of online and offline wallets. You can keep a major portion of your bitcoin to a light hardware wallet where you don’t need to download the entire blockchain. Also you can use Coinbase and blockchaing.info for smaller amount of bitcoin. This way, you can ensure the safety of your funds.

Cryptopher

legendary

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Keep it dense, yeah?

Live life dangerously on an exchange. Though in hindsight I wish that I had just kept them offline in cold storage as they would be worth a lot more now had I not traded the way that I did.

nightxglow

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Earlier, i keep my bitcoin on blockchain wallet, but i moved most of it to electrum wallet about a week ago and left some incase i want to buy something. I also left some in online exchange to use for day trading.

Devboy

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Quote from: kvlolo on April 14, 2017, 07:04:04 AM

I KEEP it in Electrum wallet and coinbase.

As both of category in web wallet, generally so far not recommend to use especially while you using only holding it. There other option you can do, like invest trading site. As altcoins trading day by day grow strongly, no reason to avoid this. I'm doing same.

onrise

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For daily and urgent requirement keep it in online wallet which can be any with whatever you are comfortable with.

For long term you need to store it offline and not online for your safety measure.

karmakeddon

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Quote from: R2-D2R2 on April 14, 2017, 07:17:16 AM

Kept in a bank safe deposit on encrypted usb drive.

Now this is what I call secure. Cold storage hidden behind a random box inside a thick vault wall. You sir, have the right idea!

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