How do you store your bitcoins? - page 85.

whizter

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Quote from: MFahad on January 15, 2017, 10:59:27 AM

Quote from: erickkyut on January 15, 2017, 06:11:01 AM

you need an online bitcoin wallet to store your bitcoins. you can store it there and wait for it to increase more its value before you sell it. But I highly suggest that it is much better if you will invest it to some trusted bitcoin related sites.

If you want to store bitcoin for long term, you should use cold storage or an offline wallet. that is how the bitcoins can be saved with more security.
Paper wallets are even more secure for storage.

yes although you can store you bitcoin in online wallet but if you are going for long term investment then cold storage is the best option where you can kee p your bitcoin without any worry for a long time.

zidane

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Blockchain.info on my phone. Not enough to really give a shit so the app works nicely.

carlerha

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Quote from: MFahad on January 15, 2017, 10:59:27 AM

Quote from: erickkyut on January 15, 2017, 06:11:01 AM

you need an online bitcoin wallet to store your bitcoins. you can store it there and wait for it to increase more its value before you sell it. But I highly suggest that it is much better if you will invest it to some trusted bitcoin related sites.

If you want to store bitcoin for long term, you should use cold storage or an offline wallet. that is how the bitcoins can be saved with more security.
Paper wallets are even more secure for storage.

i personally have no experience of cold storage and offline wallet. i only use blockchain and yobit wallets. i think these are also too much secure and trusted wallets but still i want to learn about cold storage. and offline wallet.

MFahad

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Quote from: erickkyut on January 15, 2017, 06:11:01 AM

you need an online bitcoin wallet to store your bitcoins. you can store it there and wait for it to increase more its value before you sell it. But I highly suggest that it is much better if you will invest it to some trusted bitcoin related sites.

If you want to store bitcoin for long term, you should use cold storage or an offline wallet. that is how the bitcoins can be saved with more security.
Paper wallets are even more secure for storage.

ethereumhunter

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Quote from: erickkyut on January 15, 2017, 06:11:01 AM

you need an online bitcoin wallet to store your bitcoins. you can store it there and wait for it to increase more its value before you sell it. But I highly suggest that it is much better if you will invest it to some trusted bitcoin related sites.

i don't think to store our bitcoin in online bitcoin wallet is a good option because for me, i think i will store it into my computer or in flashdisk and i save it offline. maybe to store our bitcoin with online bitcoin wallet is not for the most of bitcoin that we have but only for half or small amount so if there is bad happen we still have the other half bitcoin in other wallet.

canhchuacaro1

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On my phone as needed, same as I take bills and coins with me when needed.
On my online computer as my main wallet.
On a dedicated offline computer that is not used for anything else for long term storage, as spillover if my main wallet gets too full for my liking or for high value trades
On my laptop for low to medium trades to ensure mobility if needed while providing a better security than on the phone.

1Referee

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Quote from: erickkyut on January 15, 2017, 06:11:01 AM

you need an online bitcoin wallet to store your bitcoins. you can store it there and wait for it to increase more its value before you sell it.

You don't need an online Bitcoin wallet to store your coins. Why exposing yourself to all kinds of risks that come from the internet? Best is to store your coins in cold storage form (offline) where no entity other than yourself is able to access your coins if you so wish. Better safe than sorry, right?

Quote from: erickkyut on January 15, 2017, 06:11:01 AM

But I highly suggest that it is much better if you will invest it to some trusted bitcoin related sites.

What do you consider to be "trusted" Bitcoin related sites? Exchanges? Investing in casino bank rolls? Investing in cloud mining? Investing in HYIP's? Be more clear.

erickkyut

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you need an online bitcoin wallet to store your bitcoins. you can store it there and wait for it to increase more its value before you sell it. But I highly suggest that it is much better if you will invest it to some trusted bitcoin related sites.

nasipadang

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Quote from: danherbias07 on January 15, 2017, 01:00:52 AM

Quote from: Kasabus on January 15, 2017, 12:57:58 AM

With the start of just few earnings actually have my bitcoins on my wallet,but i dont saved it for now because im enjoying my earnings and I invest more so that i can have lots of bitcoins on my wallet and for that i have my savings already.

Is that an offline wallet? Remember to be careful to where you will those lovely coins. Some online wallet website just come and go. I suggest you look for a better one with a good trust rating. Although they put a great transaction fees, still if they manage to their jobs it will be okay.

he not save his money for now he enjoying earnings it would be easier if you use a simple wallet like exchanger wallet because you're easier to move funds if it wants to invest again

danherbias07

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Quote from: Kasabus on January 15, 2017, 12:57:58 AM

With the start of just few earnings actually have my bitcoins on my wallet,but i dont saved it for now because im enjoying my earnings and I invest more so that i can have lots of bitcoins on my wallet and for that i have my savings already.

Is that an offline wallet? Remember to be careful to where you will those lovely coins. Some online wallet website just come and go. I suggest you look for a better one with a good trust rating. Although they put a great transaction fees, still if they manage to their jobs it will be okay.

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With the start of just few earnings actually have my bitcoins on my wallet,but i dont saved it for now because im enjoying my earnings and I invest more so that i can have lots of bitcoins on my wallet and for that i have my savings already.

hawkins

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I guess keep it in the wallet reliable security system that has 2FA is the best way to save bitcoin. I only keep BTC I have in one wallet available on the internet. blockchain, Coinbase, and much more. The sites provide a service that can save bitcoin we have well. in fact, they have a great security system. I keep bitcoin I get on blockchain, by enabling all system security owned.

Omega Weapon

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I don't have much bitcoin right now, that is why I don't mind using an online wallet but as soon I get a significant amount of bitcoin for me then I’m going to switch to a desktop wallet.

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Quote from: roomfirst on January 13, 2017, 01:19:03 AM

Quote from: yellowcat1771 on January 31, 2016, 04:53:22 AM

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

I stored all of my bitcoin in online bitcoin wallet blockchain. Blockchain is my first bitcoin wallet and i don't have any issue so far, that's why i trust blockchain to stored all my bitcoins. Actually i never try a offline wallet in my computer, because it's a bit risky if our computer get a virus or something bad.

yes that is right i also using blockchain and yobit, i think both are trusted and reliable, i also never find any problem related to transaction withdrawal or depositing, i always find it trusted.

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Quote from: Mydarksaviour on January 13, 2017, 09:39:14 PM

i have online wallets. 1 blockchain, 2 xapo and 2 coins.ph wallet.. im thinking of using a lot of wallets vause for me its risky if you onky have one and store all of your coins in one wallet. im doing this for security purposes as well.. anyway, i havent tried anyvwallets than these.. like offline wallet. mybe soon. i'll still jave to learn about it.

I the same with you I prefer like to use online wallet, it is just feels so practicaly. For people who have really big amount of bitcoin, I think hardware bitcoin wallet is so appropriate for them. It is getting popular now. I do not worry about the security of bitcoin because I think it is hard to hack it.
Different people have different choice. It is depend on what is needed.

Mydarksaviour

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i have online wallets. 1 blockchain, 2 xapo and 2 coins.ph wallet.. im thinking of using a lot of wallets vause for me its risky if you onky have one and store all of your coins in one wallet. im doing this for security purposes as well.. anyway, i havent tried anyvwallets than these.. like offline wallet. mybe soon. i'll still jave to learn about it.

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Quote from: genos on January 13, 2017, 09:23:30 PM

Quote from: marseille on January 13, 2017, 08:45:55 PM

Of course only store the bitcoin offline in an encrypted drive. Only occasionally sync it and use it. I never trust online wallet, there are too many scams with online wallets, too many got hacked too.

Of course it is more safe than online wallet but in my opinion offline is too complicated to use. I like online wallet because it is simple and easy to use.

Offline wallets are not there to be simple and easy to use, they are there for the security of keeping your coin without being effected in the event one of your online wallets gets attacked. If you loose your online wallet, your coin is gone and there is no one who will do crap to help you, because the company which went under will only care about themselves. If you have an offline wallet, your coin should be more secure. this is just my opinion.

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Quote from: marseille on January 13, 2017, 08:45:55 PM

Of course only store the bitcoin offline in an encrypted drive. Only occasionally sync it and use it. I never trust online wallet, there are too many scams with online wallets, too many got hacked too.

Of course it is more safe than online wallet but in my opinion offline is too complicated to use. I like online wallet because it is simple and easy to use.

coinsocieties

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Quote from: roomfirst on January 13, 2017, 01:19:03 AM

Quote from: yellowcat1771 on January 31, 2016, 04:53:22 AM

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

I stored all of my bitcoin in online bitcoin wallet blockchain. Blockchain is my first bitcoin wallet and i don't have any issue so far, that's why i trust blockchain to stored all my bitcoins. Actually i never try a offline wallet in my computer, because it's a bit risky if our computer get a virus or something bad.

I also think it is risky keeping all of your bitcoin in one place. I keep mine split up between a number of different locations in order to be sure that I am not going to loose them in case there is a hack or something. I know it is not likely, but it can happen and I rather be safe than sorry.

marseille

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Of course only store the bitcoin offline in an encrypted drive. Only occasionally sync it and use it. I never trust online wallet, there are too many scams with online wallets, too many got hacked too.

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