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Topic: How do you keep your bitcoins? - page 63. (Read 48804 times)

member
Activity: 70
Merit: 10
February 18, 2017, 07:18:36 AM
#73
I just spread my bitcoins over multiple wallets (lesser than 4 Smiley since I'm poor : but i do make sure that theyre all secured). Though I do also hold some bitcoins over a trading site. I might go paper if I can actually make bank but I doubt that's happening anytime soon lol
legendary
Activity: 1596
Merit: 1011
February 18, 2017, 07:18:26 AM
#72
I keep my bitcoin in many wallet. Like Xapo, Coinbase, Blockchain and Mycelium. I use many wallet in my different way of earning so that When my account got hacked only few Bitcoin they can get only. I use my Blockchain as my main wallet because for me it is the safest wallet i know.
I agree with you . I also use some of the bitcoin wallet to store. and blockchain is a primary option. I am confident about the security that blockhain is a wallet very safe to use. some big companies even use blockhain in each of their transactions.
legendary
Activity: 1110
Merit: 1000
February 18, 2017, 07:15:18 AM
#71
I keep my bitcoin in many wallet. Like Xapo, Coinbase, Blockchain and Mycelium. I use many wallet in my different way of earning so that When my account got hacked only few Bitcoin they can get only. I use my Blockchain as my main wallet because for me it is the safest wallet i know.
legendary
Activity: 1652
Merit: 1057
February 18, 2017, 06:31:33 AM
#70
I keep my bitcoins on trusted wallets such as Xapo, Block chain and Coinbase. Yes I use all the three. I split my bitcoins to prevent more loss if one wallet address is hacked or the wallet service shuts down. I only use trusted and proven wallet services because one time, I used snappybtc wallet service but then, I can no longer access the site. It says it is down. Fortunately it is empty.
When you are anticipating hacking and shutting down of the wallet services, why not you completely leave off web wallet and moving into stand alone wallets which will be completely supporting you to be independent of any services for a better protection of your bitcoins.

Basically web wallets are making us to compromise one of the prime characteristics of bitcoin ecosystem "decentralization". One good example for this : recently coinbase was asked to disclose their customer database.

Read more on this here : http://www.zerohedge.com/news/2016-12-01/largest-us-bitcoin-exchange-ordered-disclose-three-years-user-data-irs
sr. member
Activity: 910
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
February 18, 2017, 06:29:57 AM
#69
I keep my bitcoins on trusted wallets such as Xapo, Block chain and Coinbase. Yes I use all the three. I split my bitcoins to prevent more loss if one wallet address is hacked or the wallet service shuts down. I only use trusted and proven wallet services because one time, I used snappybtc wallet service but then, I can no longer access the site. It says it is down. Fortunately it is empty.
Using multiple wallets really help to secured your Bitcoin account since there is no impossible from hackers. In my place, I used blockchain to store huge amount od BTC since it has a capability to maximize the security of my wallet compared to other wallets. In terms of my second wallet, I used local Bitcoin exchnger to convert my btc to fiat money vice versa and also to use it as my second wallet. Using multiple wallets are really effective and will make you comfortable yo store huge of money online without fear of hackers.
sr. member
Activity: 294
Merit: 250
February 18, 2017, 06:08:06 AM
#68
I keep my bitcoins on trusted wallets such as Xapo, Block chain and Coinbase. Yes I use all the three. I split my bitcoins to prevent more loss if one wallet address is hacked or the wallet service shuts down. I only use trusted and proven wallet services because one time, I used snappybtc wallet service but then, I can no longer access the site. It says it is down. Fortunately it is empty.
hero member
Activity: 882
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
February 18, 2017, 02:59:08 AM
#67
I keep 2 wallets. 1 for online bitcoin wallet for my trading profits and also the another one is hardware wallet which is store most of my bitcoins and just keep it aside. I'm also planning to use paper wallet to serves as another cold storage and also a present gift for my friends. There still a lot of wallet to discover and i want to try it all Grin.

That's pretty smart Sled.

Keeping Bitcoin wallets online is really something that people here need to do because there is a bunch of guys that just send money and forget about it, when the price increases 2x then I really hope that the owners who manage the market exchange that people store their money on isn't chilling on the beach in Cuba!
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
February 18, 2017, 02:48:44 AM
#66
I keep 2 wallets. 1 for online bitcoin wallet for my trading profits and also the another one is hardware wallet which is store most of my bitcoins and just keep it aside. I'm also planning to use paper wallet to serves as another cold storage and also a present gift for my friends. There still a lot of wallet to discover and i want to try it all Grin.
full member
Activity: 121
Merit: 100
February 18, 2017, 02:47:22 AM
#65
I only have a few btc,so I store it on  exchange.
legendary
Activity: 2646
Merit: 1106
DGbet.fun - Crypto Sportsbook
February 18, 2017, 02:28:37 AM
#64
I'm using a desktop wallet. It has proven to be very reliable. Many people are using online wallets, but I don't completely trust online sites and feel better having coins on my desktop.
I never bothered with offline/paper wallets, I'm not that scared of being hacked. Maybe if I had 20+ btc I might consider it. I also agree with the previous posts that you should avoid keeping money on exchanges.
good for you. Well, I just use blockchain to save money I have. for me, blockchain a wallet is more than enough to store bitcoin I got from the internet. well, just activate 2FA, then everything will probably be maintained. I prefer a simple wallet for storing bitcoin I have.
Yeah based upon the need people prefer bitcoin wallets. For me too Blockchain is the wallet that gives everyday using access. People who make holding of bitcoin for a long uses desktop wallets for increased security. Most of the time daily usage is done for gambling purpose for which Blockchain is the best option.
newbie
Activity: 34
Merit: 0
February 18, 2017, 02:24:49 AM
#63
There is no site that is 100 % secure. If you just want to store Bitcoin Xapo is probably the most secure. If you want a trading platform Kraken is probably the most secure. However, the interface of Kraken is not very nice. You can also read about hardware wallets, I have no experience of them.

I store my Bitcoin at different online wallets to spread the risk. I have experienced Mt Gox, Bitfinex and Bter hack/shotdowns. If you want to read more about different online Bitcoin exchanges you can visit www.cryptocoinzone.com
hero member
Activity: 1204
Merit: 500
February 18, 2017, 02:13:18 AM
#62
I'm using a desktop wallet. It has proven to be very reliable. Many people are using online wallets, but I don't completely trust online sites and feel better having coins on my desktop.
I never bothered with offline/paper wallets, I'm not that scared of being hacked. Maybe if I had 20+ btc I might consider it. I also agree with the previous posts that you should avoid keeping money on exchanges.
good for you. Well, I just use blockchain to save money I have. for me, blockchain a wallet is more than enough to store bitcoin I got from the internet. well, just activate 2FA, then everything will probably be maintained. I prefer a simple wallet for storing bitcoin I have.
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
February 18, 2017, 02:03:50 AM
#61
I'm using a desktop wallet. It has proven to be very reliable. Many people are using online wallets, but I don't completely trust online sites and feel better having coins on my desktop.
I never bothered with offline/paper wallets, I'm not that scared of being hacked. Maybe if I had 20+ btc I might consider it. I also agree with the previous posts that you should avoid keeping money on exchanges.
hero member
Activity: 1400
Merit: 571
February 18, 2017, 01:51:56 AM
#60
I'm still relying on the same wallet i used to store my bitcoins two years ago. I've been using Blockchain wallet to keep my btc and a local wallet for converting it to loca lcurrency. I will only try to use hard wallet if i had a large amount of bitcoins.

This is also the same idea on how I am keeping my coins. But if you do have a bigger amount of bitcoins, let's say you do have 100 bitcoin, so, if I were you, I'm going to make 10 wallets, and then I'm going to divide that 100 bitcoins into 10, so there would be 10 bitcoins in each wallet, this is just for the safety of your coins, I mean even though someone would hacked your bitcoins, at least, just 10 bitcoins would be hacked to you rather than 100 bitcoins, which is really going to drive you insane and mad, if you are going to lose all 100 bitcoins.

So, this is just my idea, and it is just my opinion on how you are going to keep your bitcoins in a safe place, also you could try the hardware wallet, but you must have a back up of it, just being sure about the safety of it, in case you forget the password of it or something.
newbie
Activity: 44
Merit: 0
February 18, 2017, 01:35:24 AM
#59
same with me i have low volume in online trading too
just because bitcoin have fluctuative rate
its no benefit if you can't manage it , then the withdraw fee also high too

need good management to keep bitcoin safely & get profit
hero member
Activity: 1666
Merit: 701
February 18, 2017, 12:30:54 AM
#58
Quote
How do you currently store your coins?

I store it on an online wallet even there is a way safer. but I never put any bitcoin on an exchange. many people say that it is dangerous because of scamming or the other reasons. So if you are going to save many bitcoins, I suggest you to save it on an offline wallet.
hero member
Activity: 756
Merit: 503
Crypto.games
February 17, 2017, 07:54:10 PM
#57
First of all you are doing a great job in thinking ahead.
They say thumb drive or a hardware wallet here but all those could get wrecked also if your hard drive fails then you might get more problem.
Some say paper wallet and I would have to agree with that. That is one safest thing that you would do and that might last longer than others.

Laminate it and put it in a fireproof safe. And you're done Cheesy there's nothing safer than paper - I wish I had written things on paper that I lost. Virtual is virtual.
Ahuh. If the time frame's 5 - 10 yrs then paper wallets is indeed the way to go. Make several copies, laminate it, and keep one in your safe, wallet(physical), room, etc. Anywhere you feel is safe.

I'm not too keen on hardware wallets since who's to say it'd still be working 5 - 10 years on.  Cheesy

Anyway, web wallets for spending money (or just so I'd have access to some coins anywhere) .
Desktop wallets for the main one.
Paper wallets for long time holding.
hero member
Activity: 1148
Merit: 504
February 17, 2017, 07:07:13 PM
#56
I use 3 wallets, one is electrum which I use on my pc,
The second one is original bitcoin wallet for android, I use it for payments when I'm out and I need bitcoins urgently.
And third one is a physical bitcoin which I use to store excess bitcoins which I'll be redeeming in far future or in a case of emergency.
using the wallet in android course it will provide convenience to transact. because it will be very flexible because you can carry the phone wherever, but I worry about is the safety of the wallet?
member
Activity: 112
Merit: 10
February 17, 2017, 06:02:13 PM
#55
People with too many bitcoins use hardware wallets. There are people who use paper wallets. People with fewer bitcoins like me are using online wallets.

But there's no need to be too paranoid. If your operating system is safe, I think it would be enough to use a desktop wallet.
member
Activity: 66
Merit: 10
February 17, 2017, 01:27:50 PM
#54
I use 3 wallets, one is electrum which I use on my pc,
The second one is original bitcoin wallet for android, I use it for payments when I'm out and I need bitcoins urgently.
And third one is a physical bitcoin which I use to store excess bitcoins which I'll be redeeming in far future or in a case of emergency.
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