Topic: Just leaving your coins on Bitstamp? (good or bad idea?) (Read 1121 times)
Unless you want to sell soon (or daytrade), you shouldn't leave your coins on an exchange.
Cold storage is the way.
A simple paper wallet is the best for me.
A simple paper wallet is the best for me.
I use cold storage
I try to never leave my coins online for an extended time. If you're not daytrading put your coins in cold storage.
Really depends on how many bitcoins you are keeping there.
If it is a couple weeks pay, then losing it will ruin your day/week, but not your life.
If it is (much) more, you might want to look into proper ways to secure it. (Armory/Electrum deterministic wallet backup printout, ...)
If it is a couple weeks pay, then losing it will ruin your day/week, but not your life.
If it is (much) more, you might want to look into proper ways to secure it. (Armory/Electrum deterministic wallet backup printout, ...)
Hi!
[Kill me but i didn't know where this post belongs (Did i just horribly miss something? Is a 'Securing your bitcoins'-subforum a good idea?)]
I am wondering: Shall i just leave my coins on bitstamp - or look into some other options?
Pro 'leave it on bitstamp':
- if Bitstamp is not secure, then we can say goodbye to bitcoin anyway?
- don't even know how much effort is needed to make good paperwallet
- i have less trust in having a paper in my apartment that is the only key to my savings then having it on bitstamp
- i have to keep coins and money on bitstamp anywhere to react on the course
Thanks for your perspectives/comments..
[Kill me but i didn't know where this post belongs (Did i just horribly miss something? Is a 'Securing your bitcoins'-subforum a good idea?)]
I am wondering: Shall i just leave my coins on bitstamp - or look into some other options?
Pro 'leave it on bitstamp':
- if Bitstamp is not secure, then we can say goodbye to bitcoin anyway?
- don't even know how much effort is needed to make good paperwallet
- i have less trust in having a paper in my apartment that is the only key to my savings then having it on bitstamp
- i have to keep coins and money on bitstamp anywhere to react on the course
Thanks for your perspectives/comments..
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