How do you keep your bitcoins? - page 57.

iram3130

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Quote from: lighpulsar07 on April 11, 2017, 03:09:41 AM

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

My way of storing bitcoin is to create a random address in bitaddress.org and store your private key in safe (don't lose your private key) or a place you can secure it and send your bitcoins in that address. There are many ways to store your bitcoins you can create an account in blockchain.info and create cold wallet address for storing bitcoins for future purposes.

Exactly how many of us store. I have stored some bitcoins for my future in a cold wallet because that way I don't feel like spending or using it for other purposes.
If you are saving your bitcoins in exchange websites then I would clearly suggest you to transfer all of them to a local wallet or cold storage..

lighpulsar07

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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

My way of storing bitcoin is to create a random address in bitaddress.org and store your private key in safe (don't lose your private key) or a place you can secure it and send your bitcoins in that address. There are many ways to store your bitcoins you can create an account in blockchain.info and create cold wallet address for storing bitcoins for future purposes.

virasog

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Quote from: Schuyler on April 10, 2017, 09:29:59 PM

Quote from: emezh10 on April 10, 2017, 09:11:10 PM

I store my bitcoins at the Web wallet because in the web wallet the sending and receiving of payment is so easy and hassle free. And in the web wallet I can exchange my bitcoin into fiat in an instant so I like the web wallet and can transfer it into my bank account.

A lot of us are into web wallets because of its great features but if we can afford an desktop wallet, that would be better, especially if you are owning and holding a lot of bitcoins. This is something that holders should really consider and not depend on online wallets alone. I myself have been thinking of that too in case my bitcoin holdings are big enough.

I guess that would be great if you are really holding big amount of bitcoin. But I, myself is holding not big amount and so I prefer go use online wallet because in case I want to withdraw coin I can access it even wherever I am and I want to. I dont have to be at my desktop to be able to preform bitcoin transactions.

Question123

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Quote from: rajasumi3 on April 10, 2017, 09:31:35 PM

I keep all my bitcoins in the online storage and sell it once in a month .i earn through signature campaign .it means that i dont earn so much .well many people have large volumes of bitcoins, they should use a offline storage unit for bitcoins which to keep it safe.

I also use online bitcoin walley like coinbase, coins.ph and ofcoarse the blockchain. This 3 wallet are safe for me. All my earnings in signaturr campaign are there in my wallet. And also my earnings in trading. I think also those people have large volumes of bitcoin they use offline wallet for mote safe. But online wallet is safe for me and other people use it even they have many bitcoin. You need to protect your account to hacker so your bitcoin safe.

Nevis

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Quote from: Oo ako to on April 10, 2017, 09:30:44 PM

I keep my bitcoins on local online wallet. It just started a few years but it has a good reputation and and I know my bitcoins are very secure. I don't want to keep my bitcoins on those sites that has a previous hacking history.

Even tho you are keeping your bitcoins in the sites or wallets or exchangers that never been hacked its still unsafe for me.Yeah they have no records of being hijacked or hacked but does it mean they will never get into that trouble?No system is safe i think

rajasumi3

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I keep all my bitcoins in the online storage and sell it once in a month .i earn through signature campaign .it means that i dont earn so much .well many people have large volumes of bitcoins, they should use a offline storage unit for bitcoins which to keep it safe.

Oo ako to

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I keep my bitcoins on local online wallet. It just started a few years but it has a good reputation and and I know my bitcoins are very secure. I don't want to keep my bitcoins on those sites that has a previous hacking history.

Schuyler

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Quote from: emezh10 on April 10, 2017, 09:11:10 PM

I store my bitcoins at the Web wallet because in the web wallet the sending and receiving of payment is so easy and hassle free. And in the web wallet I can exchange my bitcoin into fiat in an instant so I like the web wallet and can transfer it into my bank account.

A lot of us are into web wallets because of its great features but if we can afford an desktop wallet, that would be better, especially if you are owning and holding a lot of bitcoins. This is something that holders should really consider and not depend on online wallets alone. I myself have been thinking of that too in case my bitcoin holdings are big enough.

Ashong Salonga

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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

I stored my bitcoins sometimes in my gambling accounts. I ised to leave some of my coims there because I know that my coins will be safe there. But if you're having regrets of leaving it there, I suggest to you to use what I am using today, the downloadable wallets in able to full secure your coins. I am sure that my coins will secured there because of some codes that set there. And I think it is good because sometimes it gives me some freebies. By the way I am using coins.ph here in my country. It is good and well secure surely.

emezh10

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I store my bitcoins at the Web wallet because in the web wallet the sending and receiving of payment is so easy and hassle free. And in the web wallet I can exchange my bitcoin into fiat in an instant so I like the web wallet and can transfer it into my bank account.

madwica

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Quote from: Mvaporis1961 on April 10, 2017, 08:33:08 PM

Storing in exchanges site is not advisable thing to do when talking to storing bitcoins safely.Exchangers account maybe hijacked even if its secured,also the exchange site too is vulnerable enough for smart hackers to get into.Storing bitcoins in your pc will be alot secure i think and thats what i recommend becasue i mostly store my bitcoins too in my pc

For me if you are real trader you will put bitcoin in some exchanged, but for the security or lessen the risk offline wallet is much advisable for me.

For my bitcoin i used our local online wallet this is very trusted, good support and good offer services to us, i can used bank for cashing out my money also i can used it to pay my bills many more. that is why i keep my bitcoin in this online wallet.

batang_bitcoin

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Quote from: ralle14 on April 10, 2017, 06:26:57 AM

I use online wallet to store my bitcoins so I could have access through my phone when i'm away from my computer. Also the balance in my wallet doesn't exceed over 1 bitcoin. If I have more than 1 bitcoin to hold i'll prolly use a desktop wallet like electrum.

I know the risk of storing our bitcoins through online wallet but as long as you do trust that provider. Then I'm going to keep on using it for storing my coins. I'm trying to store some of it on a desktop wallet maybe a few of it but most of my funds are into a local online wallet. I trust them because they do have physical office and good support.

Mvaporis1961

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Storing in exchanges site is not advisable thing to do when talking to storing bitcoins safely.Exchangers account maybe hijacked even if its secured,also the exchange site too is vulnerable enough for smart hackers to get into.Storing bitcoins in your pc will be alot secure i think and thats what i recommend becasue i mostly store my bitcoins too in my pc

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Quote from: crwth on April 10, 2017, 07:53:47 PM

Quote from: deppil on April 10, 2017, 07:47:34 PM

Quote from: buharikx31 on April 09, 2017, 01:56:23 AM

Keeping coins at online not a bad idea also, if you have not a huge amount of them, but for safety you can make some "cold storage" wallets where you can save your bitcoins on paper. But online wallets have 2 factor authentication, which gives you a chance to lock your phone like a second verify process to access your wallet, which always help save your account from hackers

I think even if you have a great bitcoin though, the online wallet will be safe for you, they have 2FA makes you be safe from hackers or thieves, and I've never heard of an online wallet to be a scam?

That's a great thing, you will be protected with the scammers and hackers but one thing that you are not protected from is the site itself. They could run away at anytime if they've planned it a long time ago or if that's they real plan or something. Then you are dead soon, no coins for you. Lol

More users suggest not to depend third party service, but without them we cannot have such a ease of usage that we experience with those wallets. Right now most of the wallet service providers were trustworthy and has good reputation. I use blockchain and have never encountered a problem yet.

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Quote from: deppil on April 10, 2017, 07:47:34 PM

Quote from: buharikx31 on April 09, 2017, 01:56:23 AM

Keeping coins at online not a bad idea also, if you have not a huge amount of them, but for safety you can make some "cold storage" wallets where you can save your bitcoins on paper. But online wallets have 2 factor authentication, which gives you a chance to lock your phone like a second verify process to access your wallet, which always help save your account from hackers

I think even if you have a great bitcoin though, the online wallet will be safe for you, they have 2FA makes you be safe from hackers or thieves, and I've never heard of an online wallet to be a scam?

That's a great thing, you will be protected with the scammers and hackers but one thing that you are not protected from is the site itself. They could run away at anytime if they've planned it a long time ago or if that's they real plan or something. Then you are dead soon, no coins for you. Lol

deppil

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Quote from: buharikx31 on April 09, 2017, 01:56:23 AM

Keeping coins at online not a bad idea also, if you have not a huge amount of them, but for safety you can make some "cold storage" wallets where you can save your bitcoins on paper. But online wallets have 2 factor authentication, which gives you a chance to lock your phone like a second verify process to access your wallet, which always help save your account from hackers

I think even if you have a great bitcoin though, the online wallet will be safe for you, they have 2FA makes you be safe from hackers or thieves, and I've never heard of an online wallet to be a scam?

SamsungBitcoin

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Quote from: grandy on April 10, 2017, 06:52:20 PM

Quote from: Selly Arumsari on April 09, 2017, 09:57:47 AM

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

for me in local exchanger , but i think this is very dangerous because we do not know bitcoin for 5-10 years in future , be better if you save or investmen you can use real money like dollar

to me i think i keep it in online wallet.

My bitcoin was divided in multiple bitcoin wallet, but i have main bitcoin wallet which is the local wallet in my country which has good offer services for its users. and also i have bitcoin in some trading site to get some extra income and also to entertain me.

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Quote from: Selly Arumsari on April 09, 2017, 09:57:47 AM

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

for me in local exchanger , but i think this is very dangerous because we do not know bitcoin for 5-10 years in future , be better if you save or investmen you can use real money like dollar

to me i think i keep it in online wallet. as it is more convenient and safe method of keeping and saving our bitcoin one can use it any time and from anywhere.

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Quote from: Lizzie_Girl on April 09, 2017, 01:24:55 PM

I prefer to just use an online wallet from my phone. I use one small one for buying things or selling or trading. The other I keep most of my BTC in and is online as well. I send from the big one to the small one and never spend from the big one directly.

You shoul think about changing the "big one" to a cold storage (paper wallet, offline wallet, hardware wallet), just to be on the safe side. The little one is OK if it's a web wallet.
I store most of my coins in a hw wallet and I have a little amount in my Xapo web wallet with a Xapo debit card connected to it. If it seems that I have too much bitcoin in my web wallet, I transfer it to the cold storage or I simply spend it with the card

Just be sure that you own the private key of the "big one".

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I use online wallet to store my bitcoins so I could have access through my phone when i'm away from my computer. Also the balance in my wallet doesn't exceed over 1 bitcoin. If I have more than 1 bitcoin to hold i'll prolly use a desktop wallet like electrum.

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