places to store btc | Bitcointalksearch.org

NeuroticFish

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Quote from: forestx on November 23, 2020, 05:16:41 PM

@NeuroticFish I am still looking at options on what to do I am thinking of a hard wallet but worried about it breaking

When you initialise the hardware wallet, you'll create a seed made of (usually) 24 English words which you are required to write down onto paper.

If the wallet breaks you'll still be able to access/spend your coins by initialising another wallet (hardware or software) with that same seed words. (Of course, a new hardware wallet is recommended)

But unless you live in strangely humid environment or you are overly careless, the hardware wallet should not break.

ParleFrance

newbie

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Quote from: forestx on November 23, 2020, 05:16:41 PM

Quote from: ParleFrance on November 23, 2020, 01:10:34 PM

and how is your post related to the marketplace section?
are you selling or buying something ?

sorry i missunderstood the threads subject I read "exchange" like a talk out exchanges not someone exchanging crypto

@NeuroticFish I am still looking at options on what to do I am thinking of a hard wallet but worried about it breaking

You don't need to apologize, but use the option to move your topic to the right section.
Before "Exchange" there is also "Marketplace" which is hard for anyone to misunderstand the meaning...

forestx

jr. member

Activity: 168

Merit: 7

Quote from: ParleFrance on November 23, 2020, 01:10:34 PM

and how is your post related to the marketplace section?
are you selling or buying something ?

sorry i missunderstood the threads subject I read "exchange" like a talk out exchanges not someone exchanging crypto

@NeuroticFish I am still looking at options on what to do I am thinking of a hard wallet but worried about it breaking

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: forestx on November 23, 2020, 10:26:31 AM

I have bought and stored crypto on coinbase since I started but now am thinking of leaving them and looking for alternatives
While I might try and set up my own key I am looking at other trusted places to store my BTC without the need for KYC or ID if possible.

One option I am looking at is Nexo or BlockFi or similar place so I can earn interest on my BTC
is there any other alternatives or what do you suggest

You should make up your mind. Do you want to store safely your coins or you want them to earn some interest for you?
I personally advise against the interest part, since the received value is too small compared to the risks. All exchanges are targeted by hackers.

The correct way to "store" bitcoin for long term is to have a wallet that never again goes online.
Of course, you'll have to learn your way so you can generate such a wallet safely, but then you'll be good.
Or, if you are not tech savvy, get yourself a hardware wallet and put your coins onto it.

Some reading can start with
Please critique my paper-wallet creation steps
NotYourKeys.org (now with a Community Contribution campaign)

ParleFrance

newbie

Activity: 20

Merit: 0

and how is your post related to the marketplace section?
are you selling or buying something ?

forestx

jr. member

Activity: 168

Merit: 7

I have bought and stored crypto on coinbase since I started but now am thinking of leaving them and looking for alternatives
While I might try and set up my own key I am looking at other trusted places to store my BTC without the need for KYC or ID if possible.

One option I am looking at is Nexo or BlockFi or similar place so I can earn interest on my BTC
is there any other alternatives or what do you suggest

Topic: places to store btc (Read 112 times)