Topic: Looking for proper site to buy and then store bitcoin - page 2. (Read 2059 times)
paper wallet will be the best thing just print the private key and leminate it and place it one of your book and just forget tge coins
I use localbitcoin plenty, works very well. And ofcoarse a cold wallet 
I personally use coinbase cold storage but I would not use it for 100's of bitcoin.
https://www.coinbase.com/join/TheBitcoinMiner
https://www.coinbase.com/join/TheBitcoinMiner
Coinbase or Xapo are good choice for buying bitcoins as well as for storing them for some long period.
But I always suggest for going with desktop wallets for storing your bitcoins, or paper wallets are better.
But I always suggest for going with desktop wallets for storing your bitcoins, or paper wallets are better.
keep in mind that paper wallet is only safe if it is created in the correct way.
two important factors to pay attention to:
1) using safe code/app: it means downloading the code/app from its legit place not some random place on the internet and checking if it was downloaded correctly (like MD5 signature)
2) creating the paper wallet in safe environment: on an offline computer which is "clean"
two important factors to pay attention to:
1) using safe code/app: it means downloading the code/app from its legit place not some random place on the internet and checking if it was downloaded correctly (like MD5 signature)
2) creating the paper wallet in safe environment: on an offline computer which is "clean"
Although I would recommend getting started by buying from either Circle or Coinbase, I generally do not recommend that you store your Bitcoin on sites. Coinbase does offer a multi-sig vault, but buying, moving, and storing Bitcoin is not hard. I wrote a website, Incorporating Bitcoin, and it has several tutorials that can get you started in Bitcoin.
If I want to buy 4-5 bitcoins and store them for 20-30 years, what is the best method?
too long to wait until 20-30 years and only store 4-5 bitcoin, you have to save more. or you can grow it while walking for 20-30 years.
I am not a computer programmer by any means.
Can I simply buy, for example, the Ledger Nano, buy bitcoins from a site like itBit and then just store them on Ledger Nano. Can it be that easy? Then just place them in my safety storage?
I feel like if you are not computer saavy, then buy and safely securing a bitcoin its rather difficult. So much information with no clear answers for just long-term investing only.
can you define to me about "safety" and "not safety" as you think?i just wondering why are you so worry about choose bitcoin wallet or storage,do you will store so many bitcoins?if that true,you can divide some amount of your bitcoin to some wallet,i am sure all popular wallet that mentioned here,is safe. Can I simply buy, for example, the Ledger Nano, buy bitcoins from a site like itBit and then just store them on Ledger Nano. Can it be that easy? Then just place them in my safety storage?
I feel like if you are not computer saavy, then buy and safely securing a bitcoin its rather difficult. So much information with no clear answers for just long-term investing only.
Well, the best method is hardware storage but it is only recommend for professionals. The second best option is paper wallet indeed.
Paper wallet is a valid option just make sure you do it right, if not you can be compromised from when you made it. Make sure to keep it somewhere secure.
On hardware use one the the well known ones. And the important thing is to store the seed words somewhere secure. Normally you write them down and store in a safe place, safety deposit boxes are great for this.
But seed words are just like having a private key if you have then from a hardware wallet.
You can buy bitcoin from cex.io.You can use a visa or mastercard to buy safe bitcoins.
Also you can keep your bitcoin in a pc wallet for security.
Also you can keep your bitcoin in a pc wallet for security.
paper wallet is a good option for an amount like this.
but make sure that you have more than one copy for this wallet and hide each copy in a secure place so if you lost a paper, you can use the other one
you can also write your private key in one of your favorite book in several lines. no one will know it is a priv key
but make sure that you have more than one copy for this wallet and hide each copy in a secure place so if you lost a paper, you can use the other one
you can also write your private key in one of your favorite book in several lines. no one will know it is a priv key
Yobit has a good user interface for buying and selling, also providing good value. You can have a try. Also search for relating sites and conclude for purchase in which you are satisfied with trader after interaction regarding your purchase
For storing have a paper wallet and blockchain wallet which is morethan enough for secure and scheduled transaction. 
paper wallet is a good option for an amount like this.
but make sure that you have more than one copy for this wallet and hide each copy in a secure place so if you lost a paper, you can use the other one
you can also write your private key in one of your favorite book in several lines. no one will know it is a priv key
but make sure that you have more than one copy for this wallet and hide each copy in a secure place so if you lost a paper, you can use the other one
you can also write your private key in one of your favorite book in several lines. no one will know it is a priv key
Is there a dummy guide to buying and storing bitcoins via paper wallet?
Yes, google is your friend;
https://en.bitcoin.it/wiki/Paper_wallet
Now there is nothing wrong with using a hardware wallet, but its not cold storage which properly done give you 100% protection, short of getting your thing physically stolen, or you kidnapped. This is where encryption comes in handy i guess.
Anyways, unless you're storage a fortune in BTC, a hardware wallet would be fine. Or a wallet on an offline computer could work too.
Edit: I dont really think this would get rid of spammers. But it would reduce the spam here about the bot not working all the time.
Well, the best method is hardware storage but it is only recommend for professionals. The second best option is paper wallet indeed.
Is there a dummy guide to buying and storing bitcoins via paper wallet?
I see no other option than paper wallet, you don't know if all the storage devices will be obsolete in 30 years.
You also must take extra precautions to ensure that your private keys will indeed survive for decades
You also must take extra precautions to ensure that your private keys will indeed survive for decades
I am not a computer programmer by any means.
Can I simply buy, for example, the Ledger Nano, buy bitcoins from a site like itBit and then just store them on Ledger Nano. Can it be that easy? Then just place them in my safety storage?
I feel like if you are not computer saavy, then buy and safely securing a bitcoin its rather difficult. So much information with no clear answers for just long-term investing only.
Can I simply buy, for example, the Ledger Nano, buy bitcoins from a site like itBit and then just store them on Ledger Nano. Can it be that easy? Then just place them in my safety storage?
I feel like if you are not computer saavy, then buy and safely securing a bitcoin its rather difficult. So much information with no clear answers for just long-term investing only.
many will advice for paper wallet, but i actually like the simple way of multiple usb stick or an hardware wallet like the nao, or in alternative a dedicated desktop
may appear a bit overkill, but you can see it as your personal bank server, obviously you need to run only the client there and nothing else
may appear a bit overkill, but you can see it as your personal bank server, obviously you need to run only the client there and nothing else
Any advice would be helpful. I have read multiple posts, but none directly answer my question.
If I want to buy 4-5 bitcoins and store them for 20-30 years, what is the best method?
Paper wallet or offline/cold storage?
Would a site like Xapo or itBit be a smart place to buy? If then bought, what is the best cold storage device to use, a ledger or trazor? Do you just buy one and then follow the directions to store the coins?
I am using bitcoin as a part of my portfolio, not the whole thing or for everyday trading.
Thanks everyone.
If I want to buy 4-5 bitcoins and store them for 20-30 years, what is the best method?
Paper wallet or offline/cold storage?
Would a site like Xapo or itBit be a smart place to buy? If then bought, what is the best cold storage device to use, a ledger or trazor? Do you just buy one and then follow the directions to store the coins?
I am using bitcoin as a part of my portfolio, not the whole thing or for everyday trading.
Thanks everyone.
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