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Topic: How do you store your bitcoins? - page 92. (Read 92212 times)

hero member
Activity: 2842
Merit: 625
DGbet.fun - Crypto Sportsbook
May 30, 2016, 09:02:16 AM
Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?
-snip-

I like that, I am a holder of a Shift Financial card, so what's in my CoinBase account, I can legitimately spend in anywhere in the world. So, I keep it in there, and by the time my next paycheck comes, it's all spend...
Good thing BitCoin has been stable for a while now.

Well that's the benefit of bitcoin and we know it that we can use it conveniently everywhere we go as long as there is an ATM where you can
en cash your bitcoins. And yeah, bitcoin is really on its stable now, and expect more as the halving comes.
full member
Activity: 210
Merit: 100
May 30, 2016, 08:48:39 AM
Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?

I hold my bitcoins online at Coinbase. Even seems not secure in the first view this is only an impression and not a fact. Seems that the online wallet are the less secure but if read all the data given about this matter offered by Coinbase understand the right meaning that the word "secure" has for this business. I am writing some. First must be told (even this has nothing to do with the security but with your pocket) all the fee-s of the sent of bitcoin are paid from Coinbase. Then they store 98% of customer funds offline. Offline storage provides an important security measure against theft or loss. They distribute bitcoin geographically in safe deposit boxes and vaults around the world. And at the end (for more you can go yourself at their website) Coinbase is insured against employee theft and hacking in an amount that exceeds the average value of online bitcoin it holds at any given time. Specifically, Coinbase's insurance policy would respond in the event that bitcoin stored in Coinbase was lost or stolen as a result of a breach of our physical security, cyber security, or as a result of employee theft. Coinbase has held this insurance since November 2013 with highly rated carriers (S&P rating of A+ or A.M. Best Rating of A XV or higher).

I like that, I am a holder of a Shift Financial card, so what's in my CoinBase account, I can legitimately spend in anywhere in the world. So, I keep it in there, and by the time my next paycheck comes, it's all spend...
Good thing BitCoin has been stable for a while now.
hero member
Activity: 2842
Merit: 625
DGbet.fun - Crypto Sportsbook
May 30, 2016, 08:38:20 AM
I only store my bitcoins on online bitcoin wallet, blockchain. For wallet on a phone, i think it's really risky and i prefer using blockchain than wallet on phone.

Me too, I just store my bitcoins through block chain, I don't even tried and experienced to store it to an hardware wallet. But if someone will allow
me to try and experience it for sure I will try it. And for a wallet phone, I didn't even it to try.
hero member
Activity: 924
Merit: 512
May 30, 2016, 07:52:25 AM
I only store my bitcoins on online bitcoin wallet, blockchain. For wallet on a phone, i think it's really risky and i prefer using blockchain than wallet on phone.

Thats good, I store my bitcoin in mycelium mobile wallet. I do not own big amount of btc now so I think it is safer enough. I do not use desktop wallets because I do not have a PC now
sr. member
Activity: 420
Merit: 250
May 30, 2016, 07:20:31 AM
I only store my bitcoins on online bitcoin wallet, blockchain. For wallet on a phone, i think it's really risky and i prefer using blockchain than wallet on phone.
full member
Activity: 224
Merit: 100
May 30, 2016, 07:14:29 AM
Im just storing my bitcoin in my digital wallet , and I  set my mind not to spend the bitcoins in my wallet and just wait for the bitcoin halving, thats how i store my bitcoins
sr. member
Activity: 434
Merit: 250
May 30, 2016, 06:29:38 AM
I am storing my Bitcoins at an online wallet and that is because you know that it is quite safe to use it and the most people with already Bitcoin are also using it so that is really nice.
But of course you can be hacked or something but the chance will be really small.

Even i store my bitcoin on online wallet,i think its more simple,but i dont know how about the security aspect,i just store little amount of bitcoin,so far is really safe,but i will considering to use cold storage if i have big amount of bitcoin.
sr. member
Activity: 364
Merit: 250
May 30, 2016, 06:21:13 AM
I am storing my Bitcoins at an online wallet and that is because you know that it is quite safe to use it and the most people with already Bitcoin are also using it so that is really nice.
But of course you can be hacked or something but the chance will be really small.
hero member
Activity: 658
Merit: 500
May 30, 2016, 05:46:27 AM
I use all kind of wallets to be honest, I use a paper wallet at the most times because its of course very secure compared with other methods.
The other wallet I use is just a simple blockchain wallet for the payments.
yeah I can say that no hackers can steal your bitcoin if you store them in a paper wallet.
but if you have a transaction that included frequent you would have difficulty in using this wallet dude
so my advice adjust with your conditions in using wallet
hero member
Activity: 602
Merit: 500
May 30, 2016, 05:30:13 AM
Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?
I think best way to save your bitcoins is in your iphone, for me all the ways are save, only need awareness, i m if you give intention your accounts than it is good to save your bitcoins in any ways. 
sr. member
Activity: 252
Merit: 250
May 30, 2016, 05:14:30 AM
I keep it in your wallet every day, and then I sell

Maybe you want to say that you are keeping it your wallet , instead of you are keeping it to my wallet.
Well that's all we need to do in able to have profit.
Selling of our bitcoins.

The price of bitcoin will rise and rise again. It is better to keep it in my own wallet and use it when necessary.
legendary
Activity: 1190
Merit: 1013
May 28, 2016, 08:49:44 AM
I keep it in your wallet every day, and then I sell
sr. member
Activity: 476
Merit: 250
U will never know the true answer, before you try
May 28, 2016, 08:27:32 AM
I am storing my bitcoin on online wallets but the problem is , it is not also reliable. One time, I've experienced my bitcoin balance to be rolled back to zero . It happened when my online wallet provider resets my 2fa password , i am not sure why my balance reverted back to zero. I reported the problem to their support but they told me that i can't recover it anymore. Luckily i have only a few mbtc in my wallet.

That's why I'm not enabling the 2FA password protection of my wallet because  I find it very time consuming, even it offers good security.
But I just want to skip some other problems besides of being time consuming.

I use 2FA has a very long, more than three years. ad until now I have never encountered a problem and even a great help to me, really safe.
hero member
Activity: 3080
Merit: 603
May 28, 2016, 08:09:17 AM
I am storing my bitcoin on online wallets but the problem is , it is not also reliable. One time, I've experienced my bitcoin balance to be rolled back to zero . It happened when my online wallet provider resets my 2fa password , i am not sure why my balance reverted back to zero. I reported the problem to their support but they told me that i can't recover it anymore. Luckily i have only a few mbtc in my wallet.

That's why I'm not enabling the 2FA password protection of my wallet because  I find it very time consuming, even it offers good security.
But I just want to skip some other problems besides of being time consuming.
legendary
Activity: 1246
Merit: 1049
May 28, 2016, 07:43:23 AM
I am storing my bitcoin on online wallets but the problem is , it is not also reliable. One time, I've experienced my bitcoin balance to be rolled back to zero . It happened when my online wallet provider resets my 2fa password , i am not sure why my balance reverted back to zero. I reported the problem to their support but they told me that i can't recover it anymore. Luckily i have only a few mbtc in my wallet.
hero member
Activity: 2842
Merit: 625
DGbet.fun - Crypto Sportsbook
May 28, 2016, 07:20:47 AM
i store my bitcoins in a cold storage that i made on my old computer which doesn't even have internet connection for extra security.

and i have a blockchain.info wallet to spend bitcoin from my hot wallet.

That's good to for your bitcoin to store it on a cold storage without internet connection.
Since hackers are almost everywhere monitoring every single transaction especially for those big transactions.
Having no internet connection is a good security to your bitcoin.
hero member
Activity: 714
Merit: 501
May 28, 2016, 06:58:05 AM
i store my bitcoins in a cold storage that i made on my old computer which doesn't even have internet connection for extra security.

and i have a blockchain.info wallet to spend bitcoin from my hot wallet.
hero member
Activity: 2842
Merit: 625
DGbet.fun - Crypto Sportsbook
May 28, 2016, 06:55:14 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 prefer to store bitcon in the online wallet and the wallet of the exchanger place i do trading. Because it is easier for me if need funds for trading. thank you

Well of us, storing our bitcoins to our online wallet address, but also there are some people who are using hardware wallet to store their bitcoins.
But as for me, I don't prefer hardware wallet as they are that volatile and can be broken.
Or by just an incident, you can accidentally lose it and your bitcoins stored there will be also lost forever.
sr. member
Activity: 322
Merit: 250
May 28, 2016, 06:48:19 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 prefer to store bitcon in the online wallet and the wallet of the exchanger place i do trading. Because it is easier for me if need funds for trading. thank you
sr. member
Activity: 325
Merit: 250
Decentralised Amazon & ICO Hub
May 28, 2016, 05:52:02 AM
I keep everything on an Electrum wallet on my computer. I think it is a good mix of safeness and rapidity of action in case of.
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