Pages:
Author

Topic: How do you secure your bitcoins? - page 7. (Read 1691 times)

legendary
Activity: 3234
Merit: 1375
Slava Ukraini!
October 18, 2017, 05:30:33 PM
#12
Well, I'm not doing anything special to secure my btc. I keep mostly of my btc in offline wallet, which never been connected to online, desktop or mobile wallet. And offcourse, I'm trying to keep my private keys safely. I have saved it in several places to be guaranteed that if my device will crash, I wouldn't not loose all my btc.
Hodling btc in hardware wallet is a good idea. And on hardware wallet you can keep as many btc as you have or want to keep. Hardware, same like all other wallets doesn't have limit of btc allowed to keep.
full member
Activity: 798
Merit: 104
October 18, 2017, 03:51:37 PM
#11
I'm securing my bitcoins by securing my keys. I saved paper wallets in many copies in safe places. I never keep copies in computer or mobile in case they are stolen.


The best way to secure your bitcoin is Offline wallet known as a cold storage it provides the highest security saving. This not costly compared to other tool devices. It is not connected to the network with a very good protection against computer vulnerabilities.
member
Activity: 110
Merit: 100
October 18, 2017, 03:01:14 PM
#10
I'm securing my bitcoins by securing my keys. I saved paper wallets in many copies in safe places. I never keep copies in computer or mobile in case they are stolen.
legendary
Activity: 1274
Merit: 1004
October 18, 2017, 02:46:28 PM
#9
Hello everyone,

I have been doing research on securing bitcoins in wallets and I was wondering what everyone does. I am currently using a few paper wallets. I don't really like it because its a one way street if you want them secure. I was looking at the ledger nano s and was wondering what people thought about it. How many bitcoins can it hold? should I wait for the ledger blue? any opinions will be greatly appreciated.

Thank you,
CoinChaos
Ofcourse the wallet can store infinite amount of coins(at least the max amount allowed on the network) if you don't like paper wallets then you can try encrypting your private keys using passwords and making a small maze or chipper so no one can ever try to even find the hints which can refer to your private keys.Or try multisign wallets.
newbie
Activity: 40
Merit: 0
October 18, 2017, 02:22:57 PM
#8
Thank you everyone for the responses. It looks like the hardware wallet is the only way to have the security and flexibility. I'm happy to hear there is no limit on the amount of coins a wallet can hold. What is the best way to get one in the US? I want to order it from https://www.ledgerwallet.com/, but I can get a better deal and faster on amazon. Is it safe to buy one from amazon?
full member
Activity: 196
Merit: 100
October 18, 2017, 01:34:11 PM
#7
The amount of Bitcoin ledger nano s can hold depend on the amount of Bitcoin you have Smiley). If you have 1 BTC it can hold 1 BTC, if you have 1000 BTC it can hold 1000 BTC Cheesy. But for me the price of ledger nano s is a little bit high and if I buy it, the shipping fee will cost more than the price of it so I only use web wallet and off wallet of course with two-authentication factor Cheesy
sr. member
Activity: 378
Merit: 250
October 18, 2017, 01:33:19 PM
#6
I think the best solution is a hardware wallet just randomly hidden somewhere in a fireproof safe or bag. Maybe your attic, basement, whatever and just leave it there.
member
Activity: 184
Merit: 10
October 18, 2017, 01:29:26 PM
#5
I also feel confused about it, but maybe for me the most important way to save it is to convert it into fiat and save it in a savings account at the bank.
hero member
Activity: 2282
Merit: 589
October 18, 2017, 01:17:01 PM
#4
Best solution is to buy trezor or ledger nano s and cold storage all your Bitcoins, if that is too costly for you then buy an android device, setup a wallet, take the backup of private keys and all then shut it off. Send all your bitcoins and hold.
full member
Activity: 630
Merit: 102
October 18, 2017, 01:16:40 PM
#3
Hello everyone,

I have been doing research on securing bitcoins in wallets and I was wondering what everyone does. I am currently using a few paper wallets. I don't really like it because its a one way street if you want them secure. I was looking at the ledger nano s and was wondering what people thought about it. How many bitcoins can it hold? should I wait for the ledger blue? any opinions will be greatly appreciated.

Thank you,
CoinChaos
with we have a lot of my bitcoin I save some in my wallet. and most of my invested in bitcoin for more secure and long term to get butcoin lagi.dan with which I tradingkan for everyday requirement for my family
https://www.ledgerwallet.com/products/ledger-nano-s
it's also great for storing your bitcoin. and all altcoin.
newbie
Activity: 46
Merit: 0
October 18, 2017, 01:14:51 PM
#2
First, you need to understand the different types of wallet. There are a variety, but here are the important ones.

Before that, you need to answer these questions: will you be trading often? Will you be using a mobile device or a PC?
It's important to know what your purpose of storing is. If you plan to just save your coins, then a cold wallet would be suggested, but if you're going to use it to do regular transactions, then a hot wallet is what you should use.

1. Bitcoin Clients
These were the pioneers of Bitcoin storages. BitcoinQt, for example was the very first wallet to be created, and was used by 'Satoshi Nakamoto' hmself.

2. Desktop wallets.
These are downloadable softwares that allows you to store Bitcoins. Very easy to access and use even when you're not connected to the internet.

3. Mobile wallets.
Basically this wallets are used to ease transactions. Security will vary in the type of service you avail from the storage provider.

4. Online wallets.
These are companies that provide storage and security in exchange for a commission when doing transactions. Most online wallets provide exchange services, as well.

5. Hardware wallets.
These are portable devices whose main purpose is to store and/or trade bitcoins.
newbie
Activity: 40
Merit: 0
October 18, 2017, 10:13:35 AM
#1
Hello everyone,

I have been doing research on securing bitcoins in wallets and I was wondering what everyone does. I am currently using a few paper wallets. I don't really like it because its a one way street if you want them secure. I was looking at the ledger nano s and was wondering what people thought about it. How many bitcoins can it hold? should I wait for the ledger blue? any opinions will be greatly appreciated.

Thank you,
CoinChaos
Pages:
Jump to: