How do you store your bitcoins? - page 41.

xBitHodler

member

Activity: 112

Merit: 10

Quote from: Eternu on November 06, 2017, 05:21:16 PM

I am using Blockchain wallet, and I must say that I am more than happy with it. So far I have never had any kind of problem, and I intend to stay with it. I have heard that offline wallet is safest wallet person can have, and I have been thinking to transfer my Bitcoins on it. But I have decided not to, because it is not worth it. I do not have big sum of Bitcoins, so Ill stick to the Blockchain wallet.

A lot people have been complaining about Blockchain wallet. Some of them claim that they BTC disappeared without any warning. Even if you don't have any significant amount I would recommend you to install Electrum. The newest version finally supports SegWit addresses. Electrum will be safer because you will be able to manage your private keys.

Avity

member

Activity: 112

Merit: 10

As most of the people have already said before... I keep bitcoins on several different mediums.

Some in exchanges, some on my smartphone, some on my laptop and other in cold storage. Im a believer in spreading it out so that if one for some reason becomes lost or corrupted you haven't lost your whole lot. Just make sure to read up on securing storing each in different locations so provide the best amount of security for yourself. If any amount is stolen it is always a terrible feeling.

Eternu

sr. member

Activity: 560

Merit: 257

I am using Blockchain wallet, and I must say that I am more than happy with it. So far I have never had any kind of problem, and I intend to stay with it. I have heard that offline wallet is safest wallet person can have, and I have been thinking to transfer my Bitcoins on it. But I have decided not to, because it is not worth it. I do not have big sum of Bitcoins, so Ill stick to the Blockchain wallet.

valmon

newbie

Activity: 81

Merit: 0

Quote from: Rubberduckie on January 31, 2016, 06:06:23 AM

I use a mixture - I have some paper wallets stored in a safe

I have a few bitcoin on my main computer using elctrum wallet

I have .4 ish bitcoins on my Iphone

I have almost a bitcoin on blockchain.info

I figure its good to spread it around (it helps me sleep safer at night)

Do you use somewhere trezor wallet?

darkangel11

legendary

Activity: 2296

Merit: 1335

Don't let others control your BTC -> self custody

Quote from: Gameflip ICO on November 01, 2017, 07:14:33 PM

He safest way is hard wallet, like Trezor

I would argue if it's the safest. It's certainly useful when you're using your coins a lot and need access to the keys. If you're planning to store your coins for a longer period of time you can be safe without buying a hardware wallet. Just get a clean offline device and use it to generate an address. Send coins to that address and save it along with the key in a file that will never be accessed unless you want to withdraw. The moment you put this key in an online wallet you consider it burnt and move money out of it.

godfather234

newbie

Activity: 6

Merit: 0

Quote from: yellowcat1771 on January 31, 2016, 05:53:22 AM

Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?

Bitcoins are best stored in paper wallet or you can split them within exchanges you have access to their private keys

bearly

newbie

Activity: 14

Merit: 0

Trezor hardware wallet. Really is worth it for the peace of mind it gives you.

Mel0nSmasher

newbie

Activity: 14

Merit: 0

Similar to world wide web.coinbase.comMobile application gives you spending freedom, as the covered web site has the back.

jayson1

newbie

Activity: 1

Merit: 0

i store my bitcoins to my wallet to my alowance and penicial support then i need bitcoins

AntonioE

newbie

Activity: 28

Merit: 0

I spread them on different wallets because it's smart to do so. You can get the product of hardforks in different wallets that supports it. So it's a smarter choice.

KeeKit

newbie

Activity: 42

Merit: 0

You can keep your bitcoins is a wallet. Also just like an email, you can give anyone your email address and with a cryptocurrency, you can give them your public address. There is a second part to your wallet and this is your private key. All someone needs to know to send you money is your public address. The one thing you should never share is your private key. If someone gets access to your private key, they could
steal all your coins.

Isaacck1

full member

Activity: 244

Merit: 101

Quote from: yellowcat1771 on January 31, 2016, 05:53:22 AM

Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?

I'm still a beginner when it comes to bitcoin. Since I got my first bitcoin, I only stored in a wallet. I still store it there until now. But some people recommend better ways of storing bitcoin like a paper wallet, a hardware wallet and so much more. I also just found out that bitcoin can be stored in a flash drive but i still don't know if it is legitimate.

cherrymobile

full member

Activity: 350

Merit: 100

Quote from: yellowcat1771 on January 31, 2016, 05:53:22 AM

Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?

Actually the only way that i know to store bitcoin is storing in some trusted wallet like in our country philippines the name is coin.ph this is the best wallet in our country and that is my only way to store my money and other bitcoins.

Fasdartin

sr. member

Activity: 618

Merit: 250

Quote from: Tobias-CrowdDrive on November 01, 2017, 07:09:35 PM

I use the Ledger Nano S for big amount of Bitcoin and Blockchain.info for smaller amount which I want to have accessible quickly

I stored my bitcoin through hardware wallet because you can carry whenever you go through USB and if you happen to lose the wallet you will be able to recover the funds using a seed phrase.

darefreads

full member

Activity: 518

Merit: 100

I store my Bitcoin through my Phone wallet its an app here in my country that you can store your Bitcoin and it has also a exchange machine to turn it cash .so it is easy to use other than that it has many feature as I notice to it.

Erlinda Santiago

full member

Activity: 266

Merit: 100

Quote from: yellowcat1771 on January 31, 2016, 05:53:22 AM

Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?

if i earn a bitcoin i will store it in coins.ph because it is easy to use in my country and it is safe not you can download it on google play if you want it too because im planning to earn a bitcoin and store in that wallet

hajar

newbie

Activity: 30

Merit: 0

I don't own many Bitcoins so I don't need to think much about it storing and safety.I use online wallet from the start blockchain and set up good password with Google Authenticator this is all.If somehow in future I own many bitcoins then I will use much more good ways to take extra measures.

AndriyPilipyak

full member

Activity: 336

Merit: 100

I store in cold storage blockchain.info

zais

full member

Activity: 196

Merit: 102

Quote from: yellowcat1771 on January 31, 2016, 05:53:22 AM

Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?

The safest way to store Bitcoin is to use hardware wallets like Ledger and Trezor. With a hardware purse, I will always need this hardware to access Bitcoin, so it's safer. And I also have to give a physical approval to make transactions. This feature can improve security, because if there is a hacker who attacked my computer, the hacker will not be able to physically press the key in my hardware to provide transaction approval.

asep samsudin

newbie

Activity: 14

Merit: 0

There are many ways of storing bitcoins and various types of wallet software. Storing bitcoin does not require bitcoin storage, but requires secure private key storage to the wallet address.

Bitcoin works based on a public / private key pair, public key being a public address to receive payments, private key is used to sign a coin delivery transaction from that address. Private key storage is stored in a 'wallet' and there are many ways to do it, each using a different level of security. For example The bitcoin QT wallet and other desktop wallets are good for beginners, but require a good machine specification to use and have to download all blockchain. For internet connections with limited bandwidth and machines with small hard drives, this wallet is not a good choice. This wallet should not be used to save large sums of money due to security implications, and a backup of wallet files must be taken.

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