How do you store your bitcoins? - page 60.

Celsiuss

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Quote from: Lecam on June 06, 2017, 07:47:43 AM

Quote from: wallstone on June 06, 2017, 07:36:06 AM

Quote from: SFR10 on January 31, 2016, 06:20:56 AM

I store mostly on paper wallets and multiple online wallets (In which only 2 of them have been posted publicly and others are kept as a secret due to security purposes). Also a little bit of earned BTCitcoin on mining websites (reputable one's only).

I store my bitcoin in online market to keep it safe. I think in online you can a sure that your bitcoin is safe and no one’s will stealth or hack it. Having online wallet will help you to keep your bitcoin secure.

I store mine through offline wallet which cannot be access online, it is more safer than online wallet which is prone to hacking. I prefer this wallet since the last time, my wallet was about to access of some hackers out there, but luckily i manage to avoid that. I simply change my password and put 2fa, in that way i started to transfer my bitcoin to offline wallet, so now my online wallet is just a receiver and my main wallet is cannot be access by anyone.

I've always wondered, how do you access them and store them? Do you store them on a computer that's not connected to the internet, or simply a USB stick? Isn't it a hassle everytime you need some of those offline coins? I've found blockchain.info incredibly easy and secure.

reflector

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Activity: 826

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Quote from: wallstone on June 06, 2017, 07:36:06 AM

Quote from: SFR10 on January 31, 2016, 06:20:56 AM

I store mostly on paper wallets and multiple online wallets (In which only 2 of them have been posted publicly and others are kept as a secret due to security purposes). Also a little bit of earned BTCitcoin on mining websites (reputable one's only).

I store my bitcoin in online market to keep it safe. I think in online you can a sure that your bitcoin is safe and no one’s will stealth or hack it. Having online wallet will help you to keep your bitcoin secure.

Until you show the seed or private key to anyone, amount in your wallet will be safe from others. Sometime, when you log in to the online wallet. you may log in to the fake wallet site, which is same like the coinbase or blockchain site. Then your amount may erode from your wallet.

Lecam

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Activity: 700

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Quote from: wallstone on June 06, 2017, 07:36:06 AM

Quote from: SFR10 on January 31, 2016, 06:20:56 AM

I store mostly on paper wallets and multiple online wallets (In which only 2 of them have been posted publicly and others are kept as a secret due to security purposes). Also a little bit of earned BTCitcoin on mining websites (reputable one's only).

I store my bitcoin in online market to keep it safe. I think in online you can a sure that your bitcoin is safe and no one’s will stealth or hack it. Having online wallet will help you to keep your bitcoin secure.

I store mine through offline wallet which cannot be access online, it is more safer than online wallet which is prone to hacking. I prefer this wallet since the last time, my wallet was about to access of some hackers out there, but luckily i manage to avoid that. I simply change my password and put 2fa, in that way i started to transfer my bitcoin to offline wallet, so now my online wallet is just a receiver and my main wallet is cannot be access by anyone.

wallstone

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Activity: 532

Merit: 250

Quote from: SFR10 on January 31, 2016, 06:20:56 AM

I store mostly on paper wallets and multiple online wallets (In which only 2 of them have been posted publicly and others are kept as a secret due to security purposes). Also a little bit of earned BTCitcoin on mining websites (reputable one's only).

I store my bitcoin in online market to keep it safe. I think in online you can a sure that your bitcoin is safe and no one’s will stealth or hack it. Having online wallet will help you to keep your bitcoin secure.

De Suga09

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Activity: 352

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How I store my bitcoin?Since I am a Newbie I am planning to store my bitcoin into a Bitcoin wallet.So I can store my Bitcoin or satoshi in my wallet and for me also to save them.To store them I will be wise to use the wallet using online wallet.And also be careful in using some Onkine wallets

xFiber

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Activity: 336

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I currently am mainly using my electrum desktop wallet since it's so extremely light weight but I'm looking to buy a keepkey hardware wallet in the future to keep my big capital safe. However they are currently sold out on Amazon unfortunately.

SM23031997

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Activity: 1092

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Is there any difference b/w storing them on online wallets like blockchain.info and Paper Wallet. Blockchain.info provides the proper security feature to ensure any data loss so, it does not matter where you are storing your bitcoins. If someone gets your private key by his 10pow48% Luck than neither paper wallet going to help you nor the Blockchain.info or any other online wallet facility. So, I think it doesn't matter much unless you are aware with the security features and risks involved.

hawkins

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Quote from: ?? on ??

Quote from: zedsacs on June 02, 2017, 09:27:15 AM

I store bitcoin on the internet, using my wallet. I aslo store it on the other wallet on my Iphone.

Same here. I also would like to store my BTC in my online wallet, generally i store m BTC in exchanger site. Because i am a trader. I like to trade with my bitcoin. If i have a lot of bitcoin, then i will store them into my desktop wallet.

I think it's dangerous to store bitcoins on an exchanger, because the exchangers are always hackers. It might be better to keep it on an online wallet or hardwallet. It may be safer to store them on sites like blockchain or coinbase.

caldero

newbie

Activity: 38

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In my opinion a hardware wallet is best, ive only tried ledgers and trezors but I like trezors much better. As far as I know no one has ever been robbed of bitcoin in a trezor.

ErikSneijer

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Activity: 79

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Quote from: ?? on ??

Quote from: zedsacs on June 02, 2017, 09:27:15 AM

I store bitcoin on the internet, using my wallet. I aslo store it on the other wallet on my Iphone.

Same here. I also would like to store my BTC in my online wallet, generally i store m BTC in exchanger site. Because i am a trader. I like to trade with my bitcoin. If i have a lot of bitcoin, then i will store them into my desktop wallet.

Be carefull wit that. I have max. 5 btc on any exchange i trust, bittrex and poloniex. Any other coins i buy i transfer back to my wallet

Be it waves or ethereum always use your own wallet.

ekans45

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Quote from: arbitrage on January 31, 2016, 06:17:06 AM

It is risky but you can certain small amount kept on exchanges.
Why is that good? You can react fast if dump occurs or wait for alts to wake up like Dogecoin recently

To think on holding or storing bitcoins in a multiple ways is a good idea to lessen the risk on each way of holding. In exchange you can also to do simple trading like selling when its and buying when its low and also you are right you can monitor the price of bitcoin using the scale and you can easily predict on how you are going to manage your bitcoin. Me personally I store my bitcoin on different wallets where I can spend and save at the same time. Because on choosing a wallet you can see that there are more variance on choosing an appropriate wallet the will suits to you.

zedsacs

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Activity: 322

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I store bitcoin on the internet, using my wallet. I aslo store it on the other wallet on my Iphone.

niisarearning

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Activity: 910

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I have point something bitcoin in blockchain and some bitcoin is kept ready in local wallet so that I can sell for local currency for any urgent need I devided bitcoin wallet for need and investment

Ossidalm

newbie

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Quote from: Natalim on May 28, 2017, 11:17:28 PM

Quote from: Peashooter on May 28, 2017, 08:36:44 PM

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 do store my bitcoins online regardless if it's huge or not. I'm confident for its security as my gmail has a 2fa security and also my wallet. Thus, there is no reason for my wallet to get hacked. Using hardware wallet is also great to use however, it's not convininent if you need it immediately.

Normally for us who want to use our bitcoin anytime we will prefer to hold it online.
I have my bitcoins secured in exchanges, that way I can buy altcoins when there is a dump and sell right away when the price recovers.

I do that for very small amount of bitcoin.

franklin9

newbie

Activity: 88

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I store a small sum in my blockchain.info wallet and mainly use that one for small and urgent transactions "like buying a gift card, and payments less than $10 or so", Also have bitcoin core, and considering it's a shore to use it "even though it's synced" I use it for larger and more regular payments like subscriptions.

Natalim

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BTC to the MOON in 2019

Quote from: Peashooter on May 28, 2017, 08:36:44 PM

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 do store my bitcoins online regardless if it's huge or not. I'm confident for its security as my gmail has a 2fa security and also my wallet. Thus, there is no reason for my wallet to get hacked. Using hardware wallet is also great to use however, it's not convininent if you need it immediately.

Normally for us who want to use our bitcoin anytime we will prefer to hold it online.
I have my bitcoins secured in exchanges, that way I can buy altcoins when there is a dump and sell right away when the price recovers.

Peashooter

sr. member

Activity: 868

Merit: 257

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 do store my bitcoins online regardless if it's huge or not. I'm confident for its security as my gmail has a 2fa security and also my wallet. Thus, there is no reason for my wallet to get hacked. Using hardware wallet is also great to use however, it's not convininent if you need it immediately.

GXHPP

member

Activity: 77

Merit: 10

I never keep them in exchanges or gambling website, because these may close at anytime and unexplained, majority of which won't issue refunds at all (or some refunds after months of waiting), Using a combination between Electrum and an offline Armory. actually a small amount of BTC but I prefer keeping it secure enough and prepare if I need to secure more in the future.

mike1183

newbie

Activity: 42

Merit: 0

I have most of them in my Electrum wallet, some in Blockchain.info with relatively less security for instant payments when needed and have a USB wallet, not using it seriously since I don't have things to fill it up with but it does look good Cheesy

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Cherylstar86

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Activity: 1484

Merit: 253

I stored my bitcoin on my web online wallets where storing or holding it will generate good profits in the future of holdings. I can use it for daily purpose like gambling or in trading and also loading credits for mobile cellphone network carrier. I do have an offline android wallet which i use only to store the tokens earned and exchanged it to bitcoin. This is for a purpose of safety for future and I can us it for my family's future future needs particularly on basic spending like food and school expenses. Having plans for a paper wallet is not an interesting priority for the future, because online and offline wallet is still my best choice for now; paper wallet is vulnerable to be lost and damaged.

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