Would suggest you use a trezor wallet it is a cold wallet,
For me the safest as you know it is not online,
Also keep an extra copy or 2 in case you loose one.
Topic: Where safe for my BTC? (Read 285 times)
Papper wallet is one of safest option.
As a newbie, you can start saving it in electrum.
Once I buy BTC from somewhere, how do I secure it? Can I directly ask the seler to send it to my wallet at the exchange? Will my coins be secure at the exchange?
You can ask seller sent btc which you buy to wallet of exchange site but you should not store your BTC in wallet of exchange site, it's not safe. i advise you should use electrum wallet to store your btc
Download a local wallet to your computer and keep your BTC there. Stay away from malware or trojan.
Paper wallet or hardware wallet could be a good choice, also https://bitkey.io/ offers a good alternative.
I mean if its a small amount and you want quick access so you can sell it when it peaks I would keep it on an exchange. If its quite a bit of money I would move to paper wallet or even better a hardware wallet, a ledger. Best decision I made.
Exchange gets hack often. if you plan to hold btc as a store of value, store it in a cold wallet like exodus. google exodus and download it. its simple to use and straighforward
Safest way would probably be on coinbase, they are legit company and are insured
No, this is a bad advice. Don't ever store your Bitcoin on an exchange. Storing Bitcoin on an exchange means you don't hold your own Bitcoin, you don't have direct access to your Bitcoin, you don't hold private keys to your Bitcoin. It is the same as you don't own your Bitcoin.
@OP use a real wallet instead. You can see a list of wallet here https://bitcoin.org/en/choose-your-wallet. My personal suggestion would be Electrum for PC and Mycelium if you're planning to store some BTC in your Android device as well. Both are lightweight wallet, so you don't need to store a whole blockchain (hundreds of gigabyte) in your computer—that's something most everyday user wouldn't like to do. Also, make sure you keep your computer secure and make a backup for your wallet and keep it somewhere safe. You can google it further on how to maintain the security of your device and how to securely make a bitcoin wallet backup.
If you want an even secure way to store Bitcoin, use hardware wallet instead. Ledger and Trezor are my preferences. You can secure your coin with less hassle in hardware wallet rather than conventional computer/android wallet.
Generally, it is not recommended keeping funds online because even if you are enabling all the security features for your account even in that case there is a possibility of the compromisation of the database (consisting the private keys of your Bitcoin wallets). The best way I know is to generate a secure paper wallet (along with backup copies) to store 50% of the holdings and holding some funds on hardware wallet (40%) for ease of access and storing 10% on the web wallet/exchanges to avoid the risk on any compromisation.
Safest way would probably be on coinbase, they are legit company and are insured
the safest way is to store it in the hardware BTC wallet. they cost 20~100 dollars on Amazon.
i'm keeping my btc on blockchain (with paper wallet) but yesterday i've seen something about a guy got hacked and someone stole all his btc.. so
u need to watch your back
u need to watch your back
Yap, use exchange wallet is secure enough just add some security to make it hard, more hard to hacked. but even you secure your bitcoin on web wallet(*blockchain) or your paper wallet it's secure if you make it more strong security for them both.
if you wanna more secure buy the Bitcoin hardware wallets like :
if you wanna more secure buy the Bitcoin hardware wallets like :
- Ledger Nano S
- KeepKey
- Trezor
You can save it at blockchain.info BTC wallet. Or safer with a cold wallet like Trezor
please try not to keep your bitcoin with exchanges.
send to your own wallet where you have the control of private keys/master seed.
send to your own wallet where you have the control of private keys/master seed.
Once I buy BTC from somewhere, how do I secure it? Can I directly ask the seler to send it to my wallet at the exchange? Will my coins be secure at the exchange?
Jump to: