How do you store your bitcoins? - page 107.

ultimatesky

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Activity: 714

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SkyFall

Quote from: Ossidalm on February 23, 2016, 09:50:26 AM

Quote from: CryingMidget on February 23, 2016, 09:48:40 AM

Quote from: BitcoinHodler on February 23, 2016, 09:35:20 AM

i use electrum as my main wallet so i store my bitcoins there and keep that wallet on my offline PC and spend them by signing transaction there and broadcasting it on my online PC.

Electrum is best one among desktop wallet, It is more faster transaction than multibit. It is working faster in low network connection also, Even I Would suggest to everyone to use electrum.

Is Electrum insured? If the service lost your coins due to hacking, will it compensate you the coins?

I store my Bitcoins in online wallets. I think that is the best option. It is also very easy to use and that is so good.
I like it to use it and I think many people too. Some of them store it on their own Pc, That is also good.

Ossidalm

newbie

Activity: 60

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Quote from: CryingMidget on February 23, 2016, 09:48:40 AM

Quote from: BitcoinHodler on February 23, 2016, 09:35:20 AM

i use electrum as my main wallet so i store my bitcoins there and keep that wallet on my offline PC and spend them by signing transaction there and broadcasting it on my online PC.

Electrum is best one among desktop wallet, It is more faster transaction than multibit. It is working faster in low network connection also, Even I Would suggest to everyone to use electrum.

Is Electrum insured? If the service lost your coins due to hacking, will it compensate you the coins?

CryingMidget

sr. member

Activity: 434

Merit: 250

Quote from: BitcoinHodler on February 23, 2016, 09:35:20 AM

i use electrum as my main wallet so i store my bitcoins there and keep that wallet on my offline PC and spend them by signing transaction there and broadcasting it on my online PC.

Electrum is best one among desktop wallet, It is more faster transaction than multibit. It is working faster in low network connection also, Even I Would suggest to everyone to use electrum.

BitcoinHodler

hero member

Activity: 1456

Merit: 579

HODLing is an art, not just a word...

i use electrum as my main wallet so i store my bitcoins there and keep that wallet on my offline PC and spend them by signing transaction there and broadcasting it on my online PC.

barbara44

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Activity: 2520

Merit: 605

Quote from: LuckyYOU on February 23, 2016, 05:05:20 AM

I mostly store my bitcoins in an online wallets. I think that is the best option to store you Bitcoins. I like the online wallets, because it is so nice to work with it.
I hope later that more people will use the online wallets more and that Bitcoin will becoming more popular in the future, and we all hope ofcourse that the value will rise too.

Yes. Rising of bitcoin price is highly based on using of bitcoin, more people use bitcoin, demand bitcoin, then bitcoin price go up, and online wallets are good for storing bitcoin for me too, I personally use online wallet Xapo for storing.

nickenburg

sr. member

Activity: 434

Merit: 511

I dont understand why a lot of people store there coins in a online wallet?

Myself I use Multibit been using it from the start since the blockchain download goes a lot faster!

I wonder if there are some other good windows wallets out there for bitcoin.

Holdaaja

legendary

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Most of my bitcoins are on offline paper wallet.
And small amount in my blockhain.info wallet for easy access.

OnTheMF

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Activity: 168

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★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: LuckyYOU on February 23, 2016, 05:05:20 AM

I mostly store my bitcoins in an online wallets. I think that is the best option to store you Bitcoins. I like the online wallets, because it is so nice to work with it.
I hope later that more people will use the online wallets more and that Bitcoin will becoming more popular in the future, and we all hope ofcourse that the value will rise too.

I like to store my bitcoins mostly in my blockchain online digital wallet where I feel it is secure.

LuckyYOU

sr. member

Activity: 280

Merit: 250

I mostly store my bitcoins in an online wallets. I think that is the best option to store you Bitcoins. I like the online wallets, because it is so nice to work with it.
I hope later that more people will use the online wallets more and that Bitcoin will becoming more popular in the future, and we all hope ofcourse that the value will rise too.

tn211

hero member

Activity: 778

Merit: 500

Many people store it on online wallets. But I think that is the best to store your Bitcoins online. It is also very secure and safe.
But some people doesnt even know there is a online wallets and they safe it on their own computers.

Maybe they dont trust the online wallets or something.

cluit

legendary

Activity: 1176

Merit: 1016

I store my bitcoins in online wallets because I might need them anytime when I have to pay for a service or product.
But I still think that offline or cold storage wallets are the safest ever wallets. I use both earlier but switched to online now as I need to transact more quickly now a days.

rababo

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Activity: 490

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i store my bitcoin on online wallet.

RoughLyfe

hero member

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I keep towards 50%-60% my coins in a offline wallet and keep the rest on my desktop wallet

Chris!

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Quote from: shorena on February 22, 2016, 01:52:03 PM

Quote from: holydarkness on February 22, 2016, 01:36:25 PM

Quote from: Herbert2020 on February 22, 2016, 10:34:47 AM

i hope you never encounter any problem, like hacking while you are using blockchain.info but you should keep this in mind that when you use a web wallet or any online wallet you are taking a risk.

so for storing your bitcoins if the amount is big, you should always use cold storage (any offline wallet)

Some online wallet also offer cold storage facility called vault or something like that. Does it's just the same with offline wallet on security terms?

Not really, its still someone else that has the private keys and not you.

I've said it before and I'll say it again... Never use an online wallet! You'll lose it all at some point.

I use Mycelium for Android and paper wallets.

99% of the time I'm doing everything with my BlackBerry Z30. If I'm trying to make vanity paper wallets or regular paper wallets I have to use a laptop unfortunately. I don't own a (functioning) computer so I just borrow the wife's. She doesn't appreciate it when I boot it up with an Ubuntu Live USB

Pattart

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Activity: 1190

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Quote from: kizilsakal on February 22, 2016, 10:30:03 AM

I try to diversify. I keep a little in an android mycellium app, and most of my savings that are in bitcoin I keep inside a Ledger Wallet. I think it's the safest way to keep bitcoins nowadays.

I never tried using android for saving bitcoin. i want to ask. is it possible someone take your bitcoin, if he borrows your android?

BitHodler

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Merit: 1179

Quote from: zalucia on February 22, 2016, 05:36:02 PM

Quote from: holydarkness on February 22, 2016, 01:36:25 PM

Quote from: Herbert2020 on February 22, 2016, 10:34:47 AM

i hope you never encounter any problem, like hacking while you are using blockchain.info but you should keep this in mind that when you use a web wallet or any online wallet you are taking a risk.

so for storing your bitcoins if the amount is big, you should always use cold storage (any offline wallet)

Some online wallet also offer cold storage facility called vault or something like that. Does it's just the same with offline wallet on security terms?

The question is that do you trust the online storage companies? Are their operations insured?

Who cares if these online wallet services are insured or not.

Basic rule : One should never give out control over his coins to others.

zalucia

sr. member

Activity: 252

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Quote from: holydarkness on February 22, 2016, 01:36:25 PM

Quote from: Herbert2020 on February 22, 2016, 10:34:47 AM

i hope you never encounter any problem, like hacking while you are using blockchain.info but you should keep this in mind that when you use a web wallet or any online wallet you are taking a risk.

so for storing your bitcoins if the amount is big, you should always use cold storage (any offline wallet)

Some online wallet also offer cold storage facility called vault or something like that. Does it's just the same with offline wallet on security terms?

The question is that do you trust the online storage companies? Are their operations insured?

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

Quote from: holydarkness on February 22, 2016, 01:36:25 PM

Quote from: Herbert2020 on February 22, 2016, 10:34:47 AM

i hope you never encounter any problem, like hacking while you are using blockchain.info but you should keep this in mind that when you use a web wallet or any online wallet you are taking a risk.

so for storing your bitcoins if the amount is big, you should always use cold storage (any offline wallet)

Some online wallet also offer cold storage facility called vault or something like that. Does it's just the same with offline wallet on security terms?

Not really, its still someone else that has the private keys and not you.

holydarkness

legendary

Activity: 2632

Merit: 1462

Yes, I'm an asshole

Quote from: Herbert2020 on February 22, 2016, 10:34:47 AM

i hope you never encounter any problem, like hacking while you are using blockchain.info but you should keep this in mind that when you use a web wallet or any online wallet you are taking a risk.

so for storing your bitcoins if the amount is big, you should always use cold storage (any offline wallet)

Some online wallet also offer cold storage facility called vault or something like that. Does it's just the same with offline wallet on security terms?

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: ?? on ??

Quote from: lolxxxx on February 22, 2016, 10:10:54 AM

Quote from: bitlancr on February 22, 2016, 10:06:24 AM

Quote from: lolxxxx on February 22, 2016, 09:48:42 AM

Well i store my bitcoin in exchange , When the price go up i go to site and immediately exchange and keep it there in my own currency if bitcoins price goes down i sell that's how i store and make profit also i save some in wallet to top-ups etc.

My Bitcoins are stored at a online wallets. It is very good to use. And I like it to use. It is very easy to use.

But some people also store them on their own computer, because they think online wallets are not so very secure.

Blockchain.info is a trustable online wallet i'm using it from 2 year have'nt got any problem at all , just there beta version sucks get's error while sending to multiple addresses in one transaction , But there security is awesome .

im with u dude.
i think blockchain.info is enough to me to store all of my bitcoin, and as long as I use blockchain, I find that its security was superb. Tongue

i hope you never encounter any problem, like hacking while you are using blockchain.info but you should keep this in mind that when you use a web wallet or any online wallet you are taking a risk.

so for storing your bitcoins if the amount is big, you should always use cold storage (any offline wallet)

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