Topic: Saving Bitcoin in a wallet (Read 725 times)
I would advise to use the strategy of 50:50 method. If you are doubting and still undecided that you are wanted to take risk or not, this 50:50 method could help you.
Saving Bitcoin in a wallet for a long time is there any risk? while for long-term investment I have to keep it in my wallet. Please advise...
Welcome to Bitcoin.
Safe isn't based on the wallet, it's based on your ability to protect your bitcoin. In this world you become yoir own bank.
What walkets are you considering? It matters.
Also, you shouldn't just put Bitcoin in a wallet, forget about it for 20 years and assume all will be good. You need to be an active participant in the protection of your hatd earned bitcoin.
Bitcoin is the outstanding amongst other digital currency. In future, numerous altcoins are produced in the showcase. So Bitcoin esteem is fall or brings whatever will occur up in advertising. You should spare your cash in the wallet is alright. In any case, you should trade or offer inopportune time. Since it goes into total fall you may endure.
the advice is so good in my opinion, everyone will do this save bitcoin in the wallet for the sake of its security.
Saving Bitcoin in a wallet for a long time is there any risk? while for long-term investment I have to keep it in my wallet. Please advise...
Yes, saving Bitcoin in your own wallet is the best choice for long term investments. Keep away from exchanges and online wallets and use reliable desktop wallets (for example Electrum), hardware wallets (Trezor) or even paper wallets.
which wallet that you use for saving your bitcoin, if your bitcoin saved at online wallet i think it have a risk because there are in their server(online wallet developer) and it have a chance to hacked by them, if you save your bitcoin offline in hardware i think it will be save than online wallet
But their is some safer side also to save and hold the bitcoin.Even I was using some site for long period.Coinbase is the one of the best one to hold your Bitcoin for a longer period.You can save bitcoin in coin base ,I gave assurance for that.
I think it is great idea to saving Bitcoin in a wallet. We know Bitcoin is the greatest online currency of online Market place. It is used many different ways. We exchange coin many different ways.. I think it is not save on online wallet. Because you do not control it.. If anything happens of online wallet,you loss all coin.. so everyone should be save Bitcoin
which wallet that you use for saving your bitcoin, if your bitcoin saved at online wallet i think it have a risk because there are in their server(online wallet developer) and it have a chance to hacked by them, if you save your bitcoin offline in hardware i think it will be save than online wallet
But their is some safer side also to save and hold the bitcoin.Even I was using some site for long period.Coinbase is the one of the best one to hold your Bitcoin for a longer period.You can save bitcoin in coin base ,I gave assurance for that.
Saving bitcoin to the wallet its ok like coins.ph because you can witdraw anytime you want and also your bitcoin is safe to coins.ph you just always keep your password to anyone,if i want to witdraw my bitcoin i just open my wallet then i convert to peso to witdaw i used only cebuana because this is instant payout you just only wait 30 minutes or 1hrs after that i just already received my money.
If you are planning to hold for long term you have to use the safest wallet. Avoid online wallet and exchange and try to use cold storage.
which wallet that you use for saving your bitcoin, if your bitcoin saved at online wallet i think it have a risk because there are in their server(online wallet developer) and it have a chance to hacked by them, if you save your bitcoin offline in hardware i think it will be save than online wallet
So far wallet are good place to keep our bitcoin, if it is properly encrypted I don't anyone can hack your wallet and steel your bitcoins but if you have many bitcoin now I suggest you buy an offline wallet because this is surely a safe place you ca also try investing in other alts so you can maximize your earnings and may have a chance to become an instant millionaire if you are lucky with trading.
It is good when you save your bitcoin in your wallet like I stored it to coins.pH and anytime i need to withdraw in case of emergency I convert it to peso and transfer to my bank account.
Yeah it is good that the Philippines made an online wallet like coins.ph that accepting bitcoin and convert bitcoin into our money country. It is one og the most trusted wallets in our country. And like you said if you have emergency it is a less hassle because the coins.ph is enough to convert the bitcoin into our money countrySaving Bitcoin in a wallet for a long time is there any risk? while for long-term investment I have to keep it in my wallet. Please advise...
All you need is single line of private key and you can store your BTC for as long as you want. Use BitAddress to generate paper wallet.
https://www.bitaddress.org
And send Bitcoins to public address as generated, that's it.
You will be credited with all future forks happpen during your holding time. With zero risk, you can redeem Bitcoins whenever you desire.
It is good when you save your bitcoin in your wallet like I stored it to coins.pH and anytime i need to withdraw in case of emergency I convert it to peso and transfer to my bank account.
Yeah it is good that the Philippines made an online wallet like coins.ph that accepting bitcoin and convert bitcoin into our money country. It is one og the most trusted wallets in our country. And like you said if you have emergency it is a less hassle because the coins.ph is enough to convert the bitcoin into our money country Saving Bitcoin in a wallet for a long time is there any risk? while for long-term investment I have to keep it in my wallet. Please advise...
I don't not see much risk in saving your bitcoins in a wallet for longer term unless there is a hacker attack. But try not to keep the bitcoins in an online wallet like coinbase or blockchain. Their policies keep changing and you may to be aware of such policy change if you are planning to keep your bitcoins for longer term. Instead try to use offline wallet like Electrum. Just download and install the wallet. You don't need to download the entire blockchain with electrum wallet as it is connected to a central server where blockchain is being downloaded. So whenever you open that wallet, it connects to the blockchain and whenever you close it, it gets disconnected from the online server. It's safe and you will have access to your private key as well. My recommendation is Electrum wallet.
I picked up a Ledger Nano S for this purpose. Heard good things about it and it is able to hold BTC and many other altcoins as well.
first thing is security.as long as your wallet is secured there will be no problem with your bitcoin.you can hold as long as you want.but you need to aware of your security issue and the phishing issue.
Saving Bitcoin in a wallet for a long time is there any risk? while for long-term investment I have to keep it in my wallet. Please advise...
I don't not see much risk in saving your bitcoins in a wallet for longer term unless there is a hacker attack. But try not to keep the bitcoins in an online wallet like coinbase or blockchain. Their policies keep changing and you may to be aware of such policy change if you are planning to keep your bitcoins for longer term. Instead try to use offline wallet like Electrum. Just download and install the wallet. You don't need to download the entire blockchain with electrum wallet as it is connected to a central server where blockchain is being downloaded. So whenever you open that wallet, it connects to the blockchain and whenever you close it, it gets disconnected from the online server. It's safe and you will have access to your private key as well. My recommendation is Electrum wallet.
Saving Bitcoin in a wallet for a long time is there any risk? while for long-term investment I have to keep it in my wallet. Please advise...
You simply can forget your logins and passwords with time or just loose it. In the case if you plan to hold your coins for long I advice you to take care about all those staf to get the wallet and your founds available to you. That is my advice. Jump to: