How do you keep your bitcoins? - page 58.

TheGodFather

hero member

Activity: 854

Merit: 500

Quote from: philiveyjr on February 16, 2017, 05:32:17 PM

I keep my bitcoins on a offline wallet which I keep just to store, otherwise I have my bitcoins on localbitcoins(low volume) in case i'm outside and need some money in my bank account. It works very well for me and I'm very happy with it as of now.

Thats nice btw. As we can see, mostly online wallets is already scamming their own customers. If you can actually implement that method, then that will work very nice. But in my opinion, I will put them 50-50 . 50% for online and 50% for offline.

Lizzie_Girl

full member

Activity: 332

Merit: 103

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.

Pencil Pastel

newbie

Activity: 19

Merit: 0

Quote from: pixie85 on April 09, 2017, 10:40:09 AM

Quote from: crackhawk on February 16, 2017, 08:55:41 PM

keeping bitcoin at paper wallet is best place, but for me building rig mining is more interesting, i can get money everyday and ofcourse i can sell my hardware as gamer rig too, if not profitable anymore Roll Eyes

Paper wallet can be destroyed much easier than an electronic backup of a hardware wallet. Nowadays you can store your backup on a microSD card and keep int anywhere you want, even hang it on your neck if that's the level of security you require. Tongue

I don't see any practical reasons behind using a paper wallet or a brain wallet, which is even a worse idea.

This is why you should keep both. I use an online wallet. If I had more money I would run my own wallet. Keep a paper as well.

pixie85

hero member

Activity: 2184

Merit: 531

Quote from: crackhawk on February 16, 2017, 08:55:41 PM

keeping bitcoin at paper wallet is best place, but for me building rig mining is more interesting, i can get money everyday and ofcourse i can sell my hardware as gamer rig too, if not profitable anymore Roll Eyes

Paper wallet can be destroyed much easier than an electronic backup of a hardware wallet. Nowadays you can store your backup on a microSD card and keep int anywhere you want, even hang it on your neck if that's the level of security you require. Tongue

I don't see any practical reasons behind using a paper wallet or a brain wallet, which is even a worse idea.

matthona

sr. member

Activity: 350

Merit: 250

Bitcointalk.org

I keep my bitcoins in electrum wallet as I think its very safe wallet with great safety features and even its very easy to back up your wallet so even if your computer gets crash you can easily recover your bitcoins.

xypos

sr. member

Activity: 532

Merit: 250

Quote from: Mometaskers on April 09, 2017, 02:21:25 AM

I keep mine in a local exchange. I don't have much anyway so I can afford to keep them there. Also I just have one laptop and I see people suggest that when using software wallet to have a pc that you would never connect to the internet. I still can't afford one, and can't even afford a paid anti-virus. I'd probably consider hardware wallets if I get more than BTC3 though I'm not even sure if these are available in my country.

For now the exchange is enough for my needs. I can quickly convert my btc to fiat and cash-out if I really need cash.

Well buddy, there is no probldm in getting hardware wallet.
They might be not available in your country but im sure that there are many trusted retail sellers who have bought trezors or ledgers to get some profits on selling them to clients.

In any case, you shouldn't hold bitcoins on any exchanges, avoid it like plague. The amount of money doesnt really matters, it is still about being safe and not taking risk.

Using electrum is just fine,it is pretty safe to hold funds and also very transparent plus fairly easy to use.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: dearbesz1219 on April 09, 2017, 09:21:38 AM

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.

However, in my part I used xapo, and electrum so and far I don't face any circumstances regarding about this two wallet both are no negative issues or being involve in any controversies.

Xapo wallet is nice for fast transactions and electrum, for the most part, is ideal and gets the job done. Aside from that, the security features of Electrum are somewhat basic but for the last 2 or so years, I haven't encountered and uneasiness on using it and the mnemonics are pretty easy to store without having to worry about it.

Selly Arumsari

sr. member

Activity: 602

Merit: 250

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

Soul Reaper

full member

Activity: 126

Merit: 100

Quote from: dmamigo on April 09, 2017, 01:16:21 AM

I have less amount of Bitcoins, so I keep them at Various Web Wallets. Kepping it depends on how big the amount is, more the amount, you should increase your security by using different kind of wallets.And as mentioned, Physical wallets are kind of best, but it is also vulnerable, from like thefts, loosing it.

See I agree with you that online wallets
Like block chain, paybis etc are very useful ,
And they are very user friendly also.
But if you want to be secure more Than normal,
Then I think instead of using online wallets .
The best you can do to secure them is to save them ,
In your USB offline.

dearbesz1219

hero member

Activity: 924

Merit: 500

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.

However, in my part I used xapo, and electrum so and far I don't face any circumstances regarding about this two wallet both are no negative issues or being involve in any controversies.

Mometaskers

hero member

Activity: 1764

Merit: 584

I keep mine in a local exchange. I don't have much anyway so I can afford to keep them there. Also I just have one laptop and I see people suggest that when using software wallet to have a pc that you would never connect to the internet. I still can't afford one, and can't even afford a paid anti-virus. I'd probably consider hardware wallets if I get more than BTC3 though I'm not even sure if these are available in my country.

For now the exchange is enough for my needs. I can quickly convert my btc to fiat and cash-out if I really need cash.

Creepings

sr. member

Activity: 546

Merit: 257

I think if you want your coins to be safe it is better to save it on a paper wallet and place these wallet somewhere safe or where you can't probably forget it. I don't really trust online wallets even if I use them now, because you will be storing it for a very long time and we dont know what will happen there especially when that site notices that you are not being active for a couple of years.

buharikx31

sr. member

Activity: 830

Merit: 258

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

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

dmamigo

sr. member

Activity: 1232

Merit: 250

I have less amount of Bitcoins, so I keep them at Various Web Wallets. Kepping it depends on how big the amount is, more the amount, you should increase your security by using different kind of wallets.And as mentioned, Physical wallets are kind of best, but it is also vulnerable, from like thefts, loosing it.

Astvile

sr. member

Activity: 1484

Merit: 276

If youre planning to drop a thousand dollars on bitcoin and just store it i would really recommend using harddrives or usb as wallet.Do not trust online wallets for that long time,they may be get down and got hacked.The safest storage you can ever get for storing to 5-10 years is in hard drives or usb drive.

fuckitall

full member

Activity: 168

Merit: 100

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

Hey,

Currently i am using an online wallet to store my wallet. But using ledger wallets are much safer than any other wallet to store your btc...You never know that when your trading platform crashes or your wallet get hacked but storing you Bitcoins In ledger wallet keeps them safe from falling into any malicious hands..Currently i don't have much btc's but when i will have one i will surely buy a ledger wallet..It's the safest wallet..and if you are planning to keep some of your btc to yourself at some safe place to reap the benefits in future then surely ledger is your cup of tea Cheesy

here's the link of amazon where you can look at it : https://www.amazon.com/s/ref=nb_sb_noss?url=search-alias%3Daps&field-keywords=ledger+btc

JanpriX

hero member

Activity: 1708

Merit: 606

Buy The F*cking Dip

If you are going to invest big amount of money in Bitcoin, you might as well need to invest some to the security for it. What I'm currently doing is that I'm storing my bitcoin in a hardware wallet named as Ledger Wallet. I think, the security of a hardware wallet is second to none if your know what you're doing. Ledger wallet has many products and you should check them out to see what will suit your need. You could also try Trezor wallet. Trezor is also well-known as Ledger wallet in the hardware wallet industry.

xhienigat

sr. member

Activity: 420

Merit: 250

The All-in-One Cryptocurrency Exchange

As of the moment some of my bitcoin are on trading site since I'm still trying to gain more profit out of trading. I am also using online wallet if in case i wan't to cash out some bitcoin. In the near future if my investment will grow I guess that would be the time for me to store my bitcoin in more safe and secure place like offline wallet.

bitbob82

hero member

Activity: 630

Merit: 500

Quote from: Ayiranorea on April 08, 2017, 01:34:23 AM

I prefer online wallets, because it gives the easiest accessibility. I don't always hold my lap along with me. This makes me to use online wallets than offline wallets.

yes i also like online wallet. as it is one of the most convenient way of using bitcoin, in fact we do not need for any bank to use for keeping our bitcoins. it is really very easy to use bitcoin through online wallet.

asuryan180

hero member

Activity: 868

Merit: 1000

I keep them in a secure online wallet.I don't store them on exchanges,as there were a lot of examples in the past how this could lead to some unpredicted situation,such as exchanges running away or closing.Better to have control over your BTC,that's why you have to be organized and prevent a possible attack

Topic: How do you keep your bitcoins? - page 58. (Read 48802 times)