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Topic: How do you store your bitcoins? - page 63. (Read 92247 times)

member
Activity: 75
Merit: 10
May 15, 2017, 09:40:07 PM
Divided up between multiple wallets(Blockchain and electrum) and exchanges. Blockchain is used for immediate transfers, electrum is as a bank.
hero member
Activity: 1498
Merit: 537
May 15, 2017, 09:31:41 PM
I have stored my bitcoins in multibit wallet and electrum wallet as its always good to diversify your bitcoins in different wallets to avoid risk of loosing to the hands of scammers and whenever I have to sell my bitcoins I transfer that amount to my localbitcoins wallet from where I can sell bitcoins and get fiat money in my bank account.
sr. member
Activity: 1106
Merit: 250
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May 15, 2017, 08:00:41 PM
I am store my bitcoin different wallet. Because is safe and sound. Among them paper wallet is best you keep strong password and it change regelar.
sr. member
Activity: 434
Merit: 250
May 13, 2017, 03:37:59 PM
I use paper wallets for about 80%, 10% on exchanges, and 10% in a Blockchain wallet.
That is good, For me i divided my bitcoin in differents web wallets. I usually avoid the risk to divide my bitcoin. Maybe some day one wallet be hacked or anything bad could happen. I use blockchain and xapo as my two primary wallets.
full member
Activity: 186
Merit: 100
May 13, 2017, 10:27:32 AM
I wouldn't say what actually i use but the old school is the best... Smiley
I think lots of ppl in this thread doesn't undertand risk that they are taking saying exactly what wallet they use... Isn't it stupid to voluntarily share so valuable info with criminals? That's just above me.
hero member
Activity: 812
Merit: 500
May 13, 2017, 10:18:13 AM
Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?
I store my bitcoins on my desktop and on mobile i dont keep my btc in one wallet only. What i do is  divide my btc into 4 different wallets, so if one of my wallet was.hacked i still have 3.
full member
Activity: 154
Merit: 100
May 13, 2017, 10:13:11 AM
Electrum is best one among desktop wallets out there, and It is faster transaction than other wallets. It is working faster in small network connection; also, even I would suggest to everyone to use electrum. That's what I normally use for my hot wallets.
legendary
Activity: 1372
Merit: 1008
May 13, 2017, 07:51:52 AM
i am storing my bitcoins in paper wallet. i think blockchain.info web wallet is not safe. you must move ur coin public internet. you can lost.
For me it's going to be a case to case basis, now that I only have a small amount of bitcoins I just prefer to store it in online excahange or online wallet and I make sure they have a good reputation to safeguard my assets. It came into my mind that if I save it offline and if there is something happen to my computer I might not be able to access it. Maybe I will just reevaluate my way as soon as I have more to safeguard.

I think it is quite risky to store the coins online even if there is small amount.
I think it's not risky if you keep it in the wallet online. For 5 years I use bitcoin. I have never been cheated by my wallet or bitcoin stolen by someone from my wallet. Because I'm using authentication
legendary
Activity: 924
Merit: 1006
May 12, 2017, 10:53:47 AM
I use paper wallets for about 80%, 10% on exchanges, and 10% in a Blockchain wallet.

You have made great decision since online wallet still more riskier compare paper wallet.
Just make sure that you're not access on public place such as internet cafe because nobody knows that keyboard was being install key logger or something tricky to stole your password
newbie
Activity: 10
Merit: 0
May 12, 2017, 10:49:12 AM
I use paper wallets for about 80%, 10% on exchanges, and 10% in a Blockchain wallet.
sr. member
Activity: 1288
Merit: 253
May 12, 2017, 10:43:43 AM
I just store my bitcoin to a online wallet. Im just having a small amount of bitcoin thats why im just using an online wallet for the storage of my bitcoin. but when It reaches a certain big amount, Im planning to buy a hard wallet for my investment.

I am not much different from you, probably because of my limitations on understanding cold wallets and level of complexity needed for syncing, so far i'm inclined to move it into my bank account or move it to gambling/exchanger wallet.
sr. member
Activity: 546
Merit: 256
May 12, 2017, 09:45:46 AM
I just store my bitcoin to a online wallet. Im just having a small amount of bitcoin thats why im just using an online wallet for the storage of my bitcoin. but when It reaches a certain big amount, Im planning to buy a hard wallet for my investment.
hero member
Activity: 966
Merit: 501
May 12, 2017, 09:43:11 AM
Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?
I store my bitcoins in my Electrum wallet in my computer.Its safe and i have not encountered even a single problem till now while using it.A 13 word seed is generated for our password and it could be used to recover our account if our laptop gets damaged.

I also store bitcoin in online wallets, I think it's safe, because many online wallet services provide good level of security, though many online wallet providers, you have to choose really safe ones, in addition, if you Save your bitcoin using your wallet You are online You can get more free to use, you can anytime transact, buy goods anytime and anywhere, ...But you still have to check its security, like changing passwords and other security verification, to make sure you will not lose anything.
sr. member
Activity: 253
Merit: 250
May 12, 2017, 09:37:56 AM
Storing Bitcoins on a computer could be a pretty tough task if the person that is trying to store the money does not know how to properly store Bitcoin. Learning new methods of storing Bitcoin is pretty smart because who knows when someone might need that information.

I like to store my coins on Bitcoin Exchanges because it allows me to spend Bitcoin wherever I am. If I store my Bitcoins on the computer then I would try to use MultiBit or Bitcoin Core.

Saving in exchanger, same with me. Will make bitcoin that I have can use to earn profit .. However, when I off from trade. I will save it in wallet coinbase.
legendary
Activity: 1176
Merit: 1001
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May 12, 2017, 09:02:31 AM
Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?
I store my bitcoins in my Electrum wallet in my computer.Its safe and i have not encountered even a single problem till now while using it.A 13 word seed is generated for our password and it could be used to recover our account if our laptop gets damaged.
Storing Bitcoins on a computer could be a pretty tough task if the person that is trying to store the money does not know how to properly store Bitcoin. Learning new methods of storing Bitcoin is pretty smart because who knows when someone might need that information.

I like to store my coins on Bitcoin Exchanges because it allows me to spend Bitcoin wherever I am. If I store my Bitcoins on the computer then I would try to use MultiBit or Bitcoin Core.
hero member
Activity: 490
Merit: 500
May 12, 2017, 07:46:56 AM
Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?
I store my bitcoins in my Electrum wallet in my computer.Its safe and i have not encountered even a single problem till now while using it.A 13 word seed is generated for our password and it could be used to recover our account if our laptop gets damaged.
sr. member
Activity: 2436
Merit: 343
20BET - Premium Casino & Sportsbook
May 12, 2017, 07:00:47 AM
I just put my few bitcoins in Poloniex so i can buy some altcoins when the price of them dumps and i don't care for the amount of my bitcoins there because it was just a small amount of money and it is just for testing the market because i was just a newbie in trading.
sr. member
Activity: 476
Merit: 250
May 12, 2017, 06:57:38 AM
i am storing my bitcoins in paper wallet. i think blockchain.info web wallet is not safe. you must move ur coin public internet. you can lost.
For me it's going to be a case to case basis, now that I only have a small amount of bitcoins I just prefer to store it in online excahange or online wallet and I make sure they have a good reputation to safeguard my assets. It came into my mind that if I save it offline and if there is something happen to my computer I might not be able to access it. Maybe I will just reevaluate my way as soon as I have more to safeguard.

I think it is quite risky to store the coins online even if there is small amount.
Yeah I think you should be careful when you try to save your bitcoin in exchange. Because the account in exchange is very vulnrable to the hack. In the absence of a second security. Such as authy hackers will easily enter. So be careful saving the bitcoin in exchange

sr. member
Activity: 1274
Merit: 293
May 12, 2017, 06:22:43 AM
I store my bitcoins on 2 different wallets which is blockchain and our local wallet which is coins.ph. I use blockchain because it has a fast transaction and yet it is trusted while our local wallet coins.ph has many services and you could convert your bitcoins anytime.
sr. member
Activity: 652
Merit: 257
May 12, 2017, 04:25:46 AM
I store my Bitcoins in a cold paper wallet locked away inside of a hard, steel safe dug 10 feet underneath a hidden spot in my backyard.  Tongue
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