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Topic: What is best cold storage for bitcoin? - page 2. (Read 1044 times)

hero member
Activity: 1232
Merit: 683
Tontogether | Save Smart & Win Big
August 19, 2017, 06:18:41 AM
#9
My opinion is that the best store of bitcoin is the account verified on the exchange. First, you always have the ability to quickly sell their bitcoins, and secondly you can earn by selling and buying coins. Why keep it in the fridge?

Holy crap.

Exchanges are the worst and most insecure places to store bitcoin. They aren't as convenient as mobile or online wallets and they aren't as safe as them. Some forms of online wallets even protect against the hard fork, while with exchanges you have a zero percent chance of doing that.

Just use electrum.
hero member
Activity: 1232
Merit: 683
Tontogether | Save Smart & Win Big
August 19, 2017, 06:15:05 AM
#8
What best cold storage for bitcoin?
How think Is paper wallet good for it?
I want use cold storage for save my bitcoin, need your advices friends..
Thanks for help.

Firstly, just to clear up some confusion, examples of cold storage include:

Hardware Wallets
These wallets are shaped as a usb and contain your private keys and all your Bitcoin. Some examples include ledger wallets and trezors.

Paper Wallets
A document that contains all your private keys.

Physical Bitcoin
A physical item that contains your bitcoins.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
August 19, 2017, 06:04:18 AM
#7
My opinion is that the best store of bitcoin is the account verified on the exchange. First, you always have the ability to quickly sell their bitcoins, and secondly you can earn by selling and buying coins. Why keep it in the fridge?

That's the shittest advice that it's humanly possible to give.

Go and take a long look at yourself in the mirror and disinfect your keyboard. Because it's caked in feculence.
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
August 19, 2017, 06:02:52 AM
#6
it depends on how much you are willing to spend and how much work you are going to put in.
you can simply buy a hardware wallet and store your bitcoin in it. but it is going to cost you and the prices have gone up because of increasing demand for hardware wallets.

you can also create a paper wallet with bitaddress.org on your own but that requires some additional work, like downloading it from source and running it on a clean offline computer and then securely print it in a way that it is not damaged over time and maybe encrypt it so noone can simply read and use it!!
spending from a paper wallet is harder than a hardware wallet too.
full member
Activity: 224
Merit: 101
August 19, 2017, 06:02:06 AM
#5
What best cold storage for bitcoin?
How think Is paper wallet good for it?
I want use cold storage for save my bitcoin, need your advices friends..
Thanks for help.

I dont know which is the best, and i never tried it, but you can try electrum, i know its simple and reliable
Now im using localbitcoin/blockchain online wallet
yes i use it to, it's simple you can make many wallet on that
full member
Activity: 686
Merit: 100
August 19, 2017, 05:55:28 AM
#4
What best cold storage for bitcoin?
How think Is paper wallet good for it?
I want use cold storage for save my bitcoin, need your advices friends..
Thanks for help.

I dont know which is the best, and i never tried it, but you can try electrum, i know its simple and reliable
Now im using localbitcoin/blockchain online wallet
sr. member
Activity: 1330
Merit: 291
August 19, 2017, 05:50:53 AM
#3
In my opinion saving bitcoin in an offline wallet is the best as compared to other ways of storing bitcoin.Although it has its own disadvantages, like in a situation whereby there is a fire outbreak in the place is been kept.
sr. member
Activity: 406
Merit: 255
August 19, 2017, 03:19:49 AM
#2
My opinion is that the best store of bitcoin is the account verified on the exchange. First, you always have the ability to quickly sell their bitcoins, and secondly you can earn by selling and buying coins. Why keep it in the fridge?
sr. member
Activity: 1330
Merit: 258
August 19, 2017, 03:14:59 AM
#1
What best cold storage for bitcoin?
How think Is paper wallet good for it?
I want use cold storage for save my bitcoin, need your advices friends..
Thanks for help.
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