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Topic: What is the safest and simplest way to keep bitcoins? - page 2. (Read 7943 times)

hero member
Activity: 588
Merit: 500
Once again, the most proven way to keep your bitcoin safe is a paper wallet. The only issue you need to be worried about is the condition of the paper wallet and the safe storage of it. There isn't any vulnerable computer environment to be worried of, malicious hackers or even malware. It is just keeping safe storage of your paper wallet.
full member
Activity: 126
Merit: 100
The simplest way to keep your bitcoin is by using paper wallet.
Many of the bitcoin users tried to used this.
It is proven safe.
legendary
Activity: 1988
Merit: 1007
BTC Trezor wallet would be the best option, but with 4 USD I think Blockchain will be enough good. BTC Trezor hardware wallet is as far as I know the safest BTC wallet  Wink
I agree BTC Trezor is one of the best option but it still depends on how much do you need to store

Keep in mind that BTC could go up in value, and having that secured is still of importance. Not to mention if you plan to get more deeply invested later, it's better to secure everything now, rather than later.
sr. member
Activity: 322
Merit: 250
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I'm not very familiar with other wallet types but I use blockchain too. IP restriction, strong pass and cold wallet is enough, I guess?
Sign up an account with coinbase and xapo.  They are great online wallets and there is not much to worry about with them.  You can download a wallet directly to your computer to be more safe, but if your computer is remotely accessed, anyone who is able to get on it will have access to your wallet. 
sr. member
Activity: 364
Merit: 250
i believe that the safest way and really simple is to print several copies of a paper wallet and keep it in your safe or something like that in this way you can create a safe cold storage
hero member
Activity: 770
Merit: 500
BTC Trezor wallet would be the best option, but with 4 USD I think Blockchain will be enough good. BTC Trezor hardware wallet is as far as I know the safest BTC wallet  Wink
I agree BTC Trezor is one of the best option but it still depends on how much do you need to store
hero member
Activity: 658
Merit: 500
BTC Trezor wallet would be the best option, but with 4 USD I think Blockchain will be enough good. BTC Trezor hardware wallet is as far as I know the safest BTC wallet  Wink
full member
Activity: 140
Merit: 100
I think blockchain
hero member
Activity: 672
Merit: 500
download your owned wallet and don't use the public or exchange services as wallet that's the safest way to keep bitcoins
hero member
Activity: 742
Merit: 500
You have to download your desktop wallet and keep safe the signature key and then it's safe because you can keep your coins for long time as known. Try also to don't invest in the HYIP or the ponzi schemes to don't lose your coins
member
Activity: 84
Merit: 10
windows wallet Smiley
full member
Activity: 182
Merit: 100
For me blockchain.info is the safest, though I guess is not.
newbie
Activity: 42
Merit: 0
I'm not very familiar with other wallet types but I use blockchain too. IP restriction, strong pass and cold wallet is enough, I guess?
hero member
Activity: 770
Merit: 500
I myself use electrum and I think that this is the safest and simplest. No worries about big blockchain data, 2FA to secured your account and more important it's on your PC Grin so I trust this guy
sr. member
Activity: 434
Merit: 250
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I usually stored bitcoin on a cold wallet when taking care of large sum of it , specifically I used paper wallet and store it where it can be safe.
sr. member
Activity: 266
Merit: 250
Grow SMALL amount of BTC by earning it
Use the paper wallet.
It is secured.

I agree that paper wallet is the safest, I don't know if it is most simple. From the physical aspect paper alone could be dangerous. It needs to be covered in plastic to avoid damage.

Yup, lamination can help. But, you need to keep multiple backups for redundancy.

A safe and cost effective wallet is a paper wallet but you need a clean android phone to scan qr code and spend it. If you want cheap but very secure storage, get raspberry pi and install electrum on it. Download raw transaction on online computer and sign it on the offline raspberry pi.
hero member
Activity: 672
Merit: 508
LOTEO
Use the paper wallet.
It is secured.

I agree that paper wallet is the safest, I don't know if it is most simple. From the physical aspect paper alone could be dangerous. It needs to be covered in plastic to avoid damage.
full member
Activity: 126
Merit: 100
Use the paper wallet.
It is secured.
member
Activity: 70
Merit: 10
I dont know exactly but you could use a combo of hardware and software wallet.

Keep 30% on hot wallets ready to spend and the rest of them in cold storage safely, probably on hardware wallet that you trust.
legendary
Activity: 1988
Merit: 1007
snip
I also want to point out that Coinbase is backed by tens of millions in investment dollars. I'm sure their investors wouldn't like it if they started arbitrarily screwing over their members. The investment is a long-term play, not a short one. And they're one of the few that are fully licensed for LEGAL transacting.

As far as us it's pretty safe to say they are the number one exchange at the current time.   And you are right they are backed by big money.  You could argue they have done the most to be legal as far as US exchanges.  Yes it changes on what country you are in which works best for you.

But I suggest everyone read their insurance.  It is pretty impressive on the amount it covers.  Make sure to use 2FA. But if you have to keep a hot wallet it is not bad.

Not sure if it's the same now as I haven't had an issue, but wondering if they still have the massive delay on some transactions. I sent one in 2013 that took almost 48 hours to finally hit the network.

Anymore I do a lot more mining then buying.  But I did not have problems with them that I remember. 

Only thing I remember being a pain was gaining levels there.  For activity and money the more the higher the level.  At one point you can get instant for a certain amount.   Others you wait days which is no fun but understandable.

There are stock brokers that will allow you to purchase instantly, and I'd think that's along the lines of Bitcoin (i.e., once they have the stocks, they can't necessarily liquidate them at the cost they bought them for). Circle allows instant purchases, I believe.
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