Topic: Safest way to keep bitcoins? - page 31. (Read 18439 times)

Of course cold storage would be the best, but what if you are trading? Then there is no choice but to deposit your crypto inside an exchange. That is the only way you can trade. So the best thing to do is research your exchange first and secure yourself from possible scams. But we can't really account for every risk possible with exchanges. Even the big exchanges have had issues before.

Cold storage ftw, no doubt. Storing crypto in exchange wallets is plain stupid and risky, see Cryptsy

The currency or bitcoin is not a physical thing like a fiasco to move from one place to another
A bitcoin wallet is a place to keep their keys. These keys are used to spend Bitcoin, BitCoin, which exists in the size of the blacklisted and blocked transactions, which are operated by every person around the world who are running a full node client

Tryncold storage it's like an offline wallet maybe it's the best way

Sure that's the safest but not everyone is ready to invest the extra monies in to a hardware and so it will be only those with substantial amount of bitcoins that will find it easier fork out more revenue  to invest in a hardware. I don't think i will save 50$ worth of my bitcoins on a hardware wallet.

use a hardware wallet

The main risk with hardware wallets is what you had just posted. If you lose the keys, then you lose your coins. It has happened to multiple people, and I have seen at least one thread here in Bitcointalk. Another issue with the hardware wallets is that you are converting a digital asset to physical form, which makes it easier for the authorities to confiscate it.

I used to use offline paper wallets but I’d rather use a hardware device to hold my Bitcoin. And more thing that really important,  never lost your key. Always write your key in the note.

Keep bitcoin in a safe place is very important, this is because the bitcoin value keeps going up, and I think the best place is offline wallet or paper wallet. if we store bitcoin in wallet exchanges are very risky.

Cold storage is probably the safest way.cold storage is important for anyone with bitcoin holdings and to all biitcoin users. There are many hacker in the world and some will try to hack your bitcoin.if u lose the wallet u most likely lost. So u should be carefully.

Best advice I can give you is to get yourself a hardware wallet. I have the Ledger Nano s & highly recommend it. Aside from using a hardwallet, just take basic security measures like ensuring you have a good antivirus, beward of scam / phishing sites, never share your private key with anyone, use 2FA wherever you can, don't use same password for all your accounts etc.

If you are afraid of hacked the safest way to store Bitcoin is on an offline device. For example, hardware wallet or portable Electrum put on an USB.

avoid save your bitcoins in exchange sites and will be safe .

Offline / hardware wallet is so safe and need small knowledge to safe it from hackers  

Paper Wallet is a relatively secure way of preserving Bitcoin, although it requires a more advanced concept of how digital currencies work. Make sure to make online paper wallet using any dedicated website, and make sure to ensure its security by creating offline for more security.

There are several ways for it.

Desktop Wallet
A desktop wallet offers a number of advantages over an online wallet. While online wallets are easily accessed from anywhere in the world, they are also more vulnerable to potential hacking. Desktop wallets, on the other hand, are accessed only via your private computer, with personal security keys stored just on that machine. Thus, exposure of your security key online is reduced. Nonetheless, desktop wallets are still susceptible to hacks if your machine gets infected with malware designed to root out keys and steal Bitcoins.

Hardware Wallet
More secure than a desktop wallet is a hardware wallet. These wallets are bits of hardware, external devices like USB sticks which you can carry around on your person. An added benefit of a hardware wallet is the complete anonymity with which you can transact. There is no personal information linked to the hardware, so no identifying data which could be leaked. Hardware wallets are resilient to malware, and if you happen to lose the wallet you'll be able to recover the funds using a seed phrase.

Paper Wallet
A paper wallet is also a relatively safe way of storing Bitcoin, although it requires a bit more advanced understanding of how digital currencies work. Generate a paper wallet online using any number of dedicated websites, or generate the wallet offline for even greater security. Paper wallets are stored easily because they don't take up a great deal of space, and they also offer true anonymity: they are simply a Bitcoin seed written in some way on a piece of paper.

Physical Coins
Services are cropping up which allow Bitcoin investors to buy physical Bitcoins. The coin you purchase will have a tamper-proof sticker covering a predetermined amount of Bitcoin. In order to purchase the physical coin, you may need to pay a slight premium over the value of the Bitcoin that you're buying, owing to the cost of the manufacture and shipment of the coin itself.

I believe the safest way to keep Bitcoin is Nano Ledger wallet. It might be sounds expensive, but it is less-hassle and a way to used easy.

Securities of your bitcoin is your own risk. Backup your fund offline is the easiest way yet secure way, then make sure your password is stronger and use 2 factor authentication code, if you're using mobile app enable fingerprint unlock, if you're using samsung enable Knox Security. Always update your Antivirus program

the safest ways to safe your bitcoin is in hardware wallet with extra security on it, like fingerprint or passcode, so you need to input it when you want to open your wallet, so id the hardware wallet has gone your bitcoin and other coin will safe and no one can't open it or send the coin from your wallet

Putting money on the internet is a very risky thing. Somebody may be able to hack your account and transfer all your money on it. Same as putting it in bitcoin. Security in bitcoin is still a 50/50. But there are different ways of storing your bitcoins. You can use different wallets to save it. To make sure that your bitcoin is safe is that to make sure that the wallet you are using is secured.

You may use offline wallets such as Ledger wallet or Trezor wallet.
Your bitcoins are 100% secure with offline wallet because your private key is completely off the grid.