How do you keep your bitcoins? - page 61.

noictib

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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

You just need to put your bitcoin in the online wallet of blockchain official .
My second advice will be for you to not to invest all of your bitcoin at single trading site , my suggestion will be for the many trading site to make trading more profitable and risk free ( or you can say at low risk)
Use most famous exchange for trading for example bitrex , Poloniex , yobit etc .
Since you can try another wallets like cex.Com c-cex like where the trading is very slow because the usere are in less numbers to make deals fastly .

BitcoinPC

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Quote from: hajimasan on February 19, 2017, 03:03:33 AM

i am once in a week user of bitcoin that is hardly 1 or 2 times I had to open my wallet for checking transaction for payment of signature campaign and sometimes to send money to friends or whatever.

I guess storing in online wallet is so hard to trust some recommended to use offline but then for it is better if you going to invest it and you coin will grow with interest. I keep few coins in online wallet so as to use them often. For saving i prefer Electrum as it is good light weight wallet.

AicecreaME

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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

Is this trading site that you have mentioned is legit? because it is hard to risk bitcoin by depositing it to a Trading site, especially if only few people are using it, might turn out to be a scam. I am only using an online wallet, and that is blockchain, and it is secured as long as you have the password and you didn't say it to anyone and you have the private key because it is the most important.

And I'm saving bitcoins by earning bitcoins in Signature Campaign that pays bitcoin per week or sometimes per month, depends on the campaign though.

jovs

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Quote from: xuan87 on February 16, 2017, 06:30:02 PM

For this kind of case, i suggest to used off line wallet don't used online wallet because you are not going to supervise your wallet for a long time and if it is possible spread your money into a different wallets, in that way you decrease the chance of losing your money all at once, the most important is to keep your private key safe and remember to save it, because you are going to invest the coin for a long time

You got a point , if you would choose to keep you wallet the best wallet is an application wallet. An application wallet is very handy and it has very fast transaction. And you can even see the convertion of value of bitcoin so you will know what is the value of your bitcoin. Coin.ph is one of the best example of a good wallet because you can paybills,buyload or even make transactions. In buying and paying load you can earn because there is a rebate every transaction you made. You could also try an alternative or different wallet like blockchain you can have a back up wallet.

bravehearth0319

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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

For what I did now for storing my bitcoins was I used electrum wallet to keep all my bitcoin savings. I also have multibit wallet for bitcoin where all my expenses was stored here, and in every exchange site that I used all of it has a balance minimum 0.01BTC then the whole of 5 trading platform which I used I applied day trading.

Berns

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Quote from: betlord90 on March 17, 2017, 12:54:19 AM

I keep my bitcoin on my wallet its safer to store it for a long time to gain more profit. Bitcoin makes it possible for me to get a lot of profit just by storing it because over the time its value will increase. You have to decide wisely where and how to keep your bitcoin in order for it to be prosperous.

I do not think that the success of bitcoin depends on the purse.
I store on the web purse. I'm not sure that's right. But I do not know how to store my bitcoins on my device.

betlord90

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I keep my bitcoin on my wallet its safer to store it for a long time to gain more profit. Bitcoin makes it possible for me to get a lot of profit just by storing it because over the time its value will increase. You have to decide wisely where and how to keep your bitcoin in order for it to be prosperous.

carlfebz2

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Quote from: Inkdatar on March 16, 2017, 11:26:46 PM

When I learn bitcoin I always keep my bitcoin in an online wallet. If I earn already from a bitcoin investment, trading altcoins I keep my remaining bitcoin to online wallet and then I cashout the other btc to fiat for my daily expenses. I just save my remaining bitcoin into an online wallet,not all for security purposes.

It is your own choice on actively spent some of your bitcoins and cash outing it to local fiat for your physical expenses which is really great and same as yours i do earn bitcoin for the very first time web wallets is the most common things that would be used because of its accesibility and convenience that it gives,

Inkdatar

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When I learn bitcoin I always keep my bitcoin in an online wallet. If I earn already from a bitcoin investment, trading altcoins I keep my remaining bitcoin to online wallet and then I cashout the other btc to fiat for my daily expenses. I just save my remaining bitcoin into an online wallet,not all for security purposes.

Soul Reaper

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I usually store my bitcoins in my block chain wallet.
If you want to store your bitcoins for 5-10 years,
I insist you to store them offline in your USB rather than putting them in some wallet.
I think that for long term storage offline is the best way.

Text

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I think offline wallet is the safest among the rest, it prevents from scam that usually done by exchanges. But I trust my local exchange because it requires our identification. But I am not sure we can trace them or file a complaint once they scam us.

Labumi

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Quote from: bryant.coleman on March 15, 2017, 04:33:25 AM

When I started collecting Bitcoins in 2012, I was storing all of them in an online wallet named Instawallet (it closed down in 2013). Then I moved my coins to my BTC-e wallet. In 2014, after the Mt Gox theft I decided not to store my coins in any of the exchange wallets. So I moved them again, this time to Blockchain.info wallets. Later that year, I created paper wallets and moved all of my remaining coins to these wallets. For the last 3 years, my coins are stored in a few paper wallets.

The trip quite tiring. Why would you not choose Save bitcoin into PC or Flash you.?? . because according to my experience, purses offline much safer and has a very small level of theft (if your network or your device is not exposed to the virus). And how do you make the bitcoin in your life ..?? whether you use the bitcoin for investment or just want to know about the workings of the bitcoin. >?/

aardvark15

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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 suggest that you store you coins in an offline wallet. I don't trust any exchange with a large amount of coins. I got scammed by Cryptsy last year that way.

crwth

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Quote from: ipungadhi on March 16, 2017, 07:38:17 PM

Quote from: ?? on ??

I put it in my online wallet.My wallet is need confirmation or verification if you need to open.I keep it in wallet that sure my bitcoin is safe and secure.Coins.ph is the name of my wallet that totally secure your bitcoins.

it was a good effort to secure your bitcoin dude although hackers had managed to take control of your email but if you use authentication such as sms authy. they still will not be able to get in and steal

What I'm concerned about is that they have control over it, there is no assurance in your money but I know they are trustworthy enough. It's just better to hold your bitcoins in a cold storage that you have the private keys so that you know it's you who has control.

ipungadhi

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Quote from: ?? on ??

I put it in my online wallet.My wallet is need confirmation or verification if you need to open.I keep it in wallet that sure my bitcoin is safe and secure.Coins.ph is the name of my wallet that totally secure your bitcoins.

it was a good effort to secure your bitcoin dude although hackers had managed to take control of your email but if you use authentication such as sms authy. they still will not be able to get in and steal

Babayega31

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Quote from: mornabo on March 15, 2017, 07:32:25 PM

Quote from: ?? on ??

I put it in my online wallet.My wallet is need confirmation or verification if you need to open.I keep it in wallet that sure my bitcoin is safe and secure.Coins.ph is the name of my wallet that totally secure your bitcoins.

I also use authentication to my wallet before entering to my wallet I must verify via SMS. of course it will be very safe for my wallet
proved so far no one can steal my bitcoin

I’ve use it for loading my mobile phone number for spending and bitcoins at online my wallet I am holding it for a week and I will cash out afterwards. The fiat cash in hand I would choose to store it in my saving account at the bank for important and rush purposes and the remaining btc balance will remain for next holdings. No one can hack it using offline savings because its so secured.

mornabo

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Quote from: ?? on ??

I put it in my online wallet.My wallet is need confirmation or verification if you need to open.I keep it in wallet that sure my bitcoin is safe and secure.Coins.ph is the name of my wallet that totally secure your bitcoins.

I also use authentication to my wallet before entering to my wallet I must verify via SMS. of course it will be very safe for my wallet
proved so far no one can steal my bitcoin

Kolder

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Quote from: deppil on March 15, 2017, 07:07:01 PM

Quote from: BitcoinPC on February 19, 2017, 03:38:31 AM

I also think online wallet is not that safe as other people stated here and some advised you to use offline wallet I guess it is not what you are looking for because offline wallet will just store your coin. I guess investing your money will be good to you so the chances of earning them in 5 - 10 years is good and for sure you have monthly interest.

nope i own using an online wallet since it was first located in bitcoin 2 years ago. I use Coinbase and use c-cex for saving
but until now they never deceive me. it has been proven safe

it will only vary on the security and the way the owner access their wallet. I used online wallet and its quite good. It have lots of features and ensures security . We just need to be extra careful and make two wallets for more security.

stevano

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if you plan like that I guess it was fraught with risks, if any coin that within a few years after you invest and it turns out the coins left by users, that's what often happens in the investment coins are not good. you should invest only in bitcoin it would be safer and more profitable

deppil

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Quote from: BitcoinPC on February 19, 2017, 03:38:31 AM

I also think online wallet is not that safe as other people stated here and some advised you to use offline wallet I guess it is not what you are looking for because offline wallet will just store your coin. I guess investing your money will be good to you so the chances of earning them in 5 - 10 years is good and for sure you have monthly interest.

nope i own using an online wallet since it was first located in bitcoin 2 years ago. I use Coinbase and use c-cex for saving
but until now they never deceive me. it has been proven safe

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