Trezor Wallet (Sorry I didn't read your thread title properly.)
ah.. so thats sort of an "offline" wallet?
Topic: where are you keeping your coins (1 aug) (Read 3102 times)
ah.. so thats sort of an "offline" wallet?
Anyone have any ideas on what would happen if the company supplying a hardware wallet such as Ledger or Trezor shut down. Would you still be able to use the wallets for a while and if so, for how long?
As long as you have your recovery seed, you are absolutely fine. You can use any s/w wallet that supports the relevant BIP standards (Mycelium is one of them) to retrieve your private keys from the seed.That's the beauty of TREZOR/Ledger. The companies that make them can go to hell and you still have full security and full access to your private keys. Much better than a paper wallet!
Anyone have any ideas on what would happen if the company supplying a hardware wallet such as Ledger or Trezor shut down. Would you still be able to use the wallets for a while and if so, for how long?
As long as you have your recovery seed, you are absolutely fine. You can use any s/w wallet that supports the relevant BIP standards (Mycelium is one of them) to retrieve your private keys from the seed.That's the beauty of TREZOR/Ledger. The companies that make them can go to hell and you still have full security and full access to your private keys. Much better than a paper wallet!
Yes. I didn't try it yet, but they have a support page on the website that explains how to recover your hardware wallet to a software version that supports the same standard.
Anyone have any ideas on what would happen if the company supplying a hardware wallet such as Ledger or Trezor shut down. Would you still be able to use the wallets for a while and if so, for how long?
my coin is still in poloniex, bittrex, yobit, and my android phone. i think i will keep my coin into that exchanges because its not a big amount in that wallet. i hope that all exchanges i am use is not makes any changes in 1st august so i don't need to worried about segwit or anything. but i will not sell after 1st august no matter what is happen, i only want to save bitcoin more and more.
The fact is that I am already afraid to keep my coins on exchangers or exchanges. I better keep everything in my purse and I will not broadcast any of them during the period of August 1. Even maybe I'll do an excerpt in one week. hero member
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my coin is still in poloniex, bittrex, yobit, and my android phone. i think i will keep my coin into that exchanges because its not a big amount in that wallet. i hope that all exchanges i am use is not makes any changes in 1st august so i don't need to worried about segwit or anything. but i will not sell after 1st august no matter what is happen, i only want to save bitcoin more and more.
what the title says 
I'm keeping most of my coins in offline wallets so I can control the private keys. I continue to hold a small amount on an exchange for trading but I will stop all of my trading before August 1 as well. I just want to be safe in case there are issues with the fork. Within a few days after the fork, we should have a good idea how to move forward.
I did the same, as a matter of fact I sold a lot of my altcoins because i expect the market will remain turbulent for the next couple of weeks.
After 1/8 I wait for the ByteBall drop and then I will start buying altcoins again.
what the title says
I'm keeping most of my coins in offline wallets so I can control the private keys. I continue to hold a small amount on an exchange for trading but I will stop all of my trading before August 1 as well. I just want to be safe in case there are issues with the fork. Within a few days after the fork, we should have a good idea how to move forward.
I actually withdrew my bitcoin from our local exchange because it posted a message on the site stating they will not be able to do any transaction going in or out using bitcoin a week before August 1 until further notice so I had to withdraw them but for my altcoins, I just left it at the trading site but secured it with a 2fa. It's not that much though because I just started trading altcoins so Im not that worried and I trust Poloniex too.
my bitcoin is still in local exchange, i am just trying to find time and then create a desktop wallet and convert my bitcoinn there but currently my all bitcoins are in local exchange and i think that they are sill in risk. 
As always before. In my paper wallet address which is generated by walletgenerator.net
Not connected to the internet, not imported in electrum.
Printed my keys down and hid them away. No copies.
Not connected to the internet, not imported in electrum.
Printed my keys down and hid them away. No copies.
Anybody simply leaving their coins on Bitcoin Core (encrypted)?
I think it is ok to let your coin rest in Bitcoin core wallet. And besides we all know that you can have total control of it because you can have the private keys.
what the title says
I have already withdrawn my bitcoins from my poloniex exchange and have stored it safely in my electrum wallet in my laptop.Its because i read that most of exchanges might suspend deposits and withdrawals for 24 to 48 hours.Also,i read that transactions should be avoided during august 1.Thats why i have taken this decision.Yes. This is also high recommend to withdraw all your funds in a exchange and keep it somewhere safe like electrum because you have control of the seeds and private key.
I actually withdrew my bitcoin from our local exchange because it posted a message on the site stating they will not be able to do any transaction going in or out using bitcoin a week before August 1 until further notice so I had to withdraw them but for my altcoins, I just left it at the trading site but secured it with a 2fa. It's not that much though because I just started trading altcoins so Im not that worried and I trust Poloniex too.
Anybody simply leaving their coins on Bitcoin Core (encrypted)?
what the title says
I have already withdrawn my bitcoins from my poloniex exchange and have stored it safely in my electrum wallet in my laptop.Its because i read that most of exchanges might suspend deposits and withdrawals for 24 to 48 hours.Also,i read that transactions should be avoided during august 1.Thats why i have taken this decision. 
On the blockchain... 
On blockchain.info, the authoritative blockchain!
On any personally controlled wallet that allows me to export the private key.
Hi guys. I have a question about exchanges supporting both coins in case of a split...
Douring the BU fiasco, a bunch of big exchanges pledged that they would support both coins... (www.cryptocoinsnews.com/18-bitcoin-exchanges-say-theyre-ready-for-a-bitcoin-split)
So my question is, does this agreement still stand and does it mean that customers will receive both coins or does it just mean that they will allow trading of the second coin?
Douring the BU fiasco, a bunch of big exchanges pledged that they would support both coins... (www.cryptocoinsnews.com/18-bitcoin-exchanges-say-theyre-ready-for-a-bitcoin-split)
So my question is, does this agreement still stand and does it mean that customers will receive both coins or does it just mean that they will allow trading of the second coin?
During the periods of crisis, cash is king.
Partly. In no way, shape, or form is it recommended to liquidate your entire holdings to fiat. I personally won't ever liquidate any of my holdings just to lower my overall risk exposure in case of a looming threat, but I definitely understand that it might be helpful for others. I like to keep my complete stash in tact. In order to benefit from a potentially badly tanked price, I just make sure I have always enough fiat on hand. My main goal is to accumulate, and not risk buying back my coins at higher levels.
bring us after everything was settled.
During the periods of crisis, cash is king.
Partly. In no way, shape, or form is it recommended to liquidate your entire holdings to fiat. I personally won't ever liquidate any of my holdings just to lower my overall risk exposure in case of a looming threat, but I definitely understand that it might be helpful for others. I like to keep my complete stash in tact. In order to benefit from a potentially badly tanked price, I just make sure I have always enough fiat on hand. My main goal is to accumulate, and not risk buying back my coins at higher levels.
During the periods of crisis, cash is king.
I do agree that cash is king but after you sell you may not be able to get at the price after all these things settle down. So instead of keeping cash, I bought some good altcoins at the very low price last week and some bitcoins are stored in an offline wallet. I strongly believe that Bitcoin prices will go high by end of next month.
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