You can try paper wallet or hardware wallet. For hardware wallet, it's recommended that choose the latest version which must be safer than the old version and be with more coins supported.
Hope this will help.
Topic: Where to keep BTC if I don't want to keep in exchange? (Read 2077 times)
A few weeks ago I got an email telling me that my password had been changed by someone on my poloniex account. So, I suppose therefore my account was hacked. Immediately I went to freeze the account and changed my password. But the thing is, I don't want to risk that happen again with a large amount stored in the exchange.
Where would be the best place to keep my BTC while I'm not trading with it in an exchange? I don't feel as if storing it on my own hard drive is very secure as hard drives can fail, and what can you do if that happens..?
Beside keeping your BTC in exchange, you can find a trustworthy wallet to store. You can search about Hardware wallet, it is safe and good enough to keep your bitcoin. Where would be the best place to keep my BTC while I'm not trading with it in an exchange? I don't feel as if storing it on my own hard drive is very secure as hard drives can fail, and what can you do if that happens..?
Some offline options are hardware wallet, software wallet, and paper wallet.
If you don't want to keep BTC in exchange, you should choose hardware wallet. Searching more about hardware wallet and you can find how useful is it. from my experience, hardware wallet is the safest one to keep bitcoin.
It is far too risky to keep your cryptocurrencies on exchanges for long. Exchange wallet is meant for trading and once you are done, the best thing to do is to return your cryptocurrency to your original wallet. Hardware wallet is the most advisable and the best.
There are many hardware wallets around but why not just create the wallet and have a paper copy just as in a paper wallet It makes it easier to recover your wallet in case of crash or HDD failure Hardware wallet can be expensive and am sure it will be safe to save the cost. But in case you still need it try Ledger Nano S I think is the best in town
Backups are certainly a must, either on paper or on flashdrives. Never keep only one copy of your wallet key, make backups and hide them in a reliable place - this precaution will pay off for sure, better be on the safe side.
I will choose hold on local wallet, where you own your private keys. If is possible i suggest buy a hardware wallet which is more safe, i mean private keys are on that wallet and never can be copied, hacked. I use ledger nano s and is ok for me until now, the only problem for me is that not have all coins wallet inside it ledger live. If not want to buy a hardware wallet you should choose another wallet, electrum for PC and save passprhase offline and keep offline and encrypt wallet.
There are many hardware wallets around but why not just create the wallet and have a paper copy just as in a paper wallet It makes it easier to recover your wallet in case of crash or HDD failure Hardware wallet can be expensive and am sure it will be safe to save the cost. But in case you still need it try Ledger Nano S I think is the best in town
There are many hardware and software wallets that provide good security. Which will be having both pros and cons, you just have to decide in which you will be more comfortable and feel safe.
You can make a deal with trusted persons or through exchangers on the internet(bestchange), not crypto-exchanges
If you don't believe in the hard wallet, then no wallet is right for you. The safest wallet is the "cold wallet (hardware wallet)"
You can use desktop wallet like Bitcoin Core, online wallet like Coinbase, hardware wallet like Trezor.
You can refer to the type of wallet cold, in the type of wallet it is the safest type
A few weeks ago I got an email telling me that my password had been changed by someone on my poloniex account. So, I suppose therefore my account was hacked. Immediately I went to freeze the account and changed my password. But the thing is, I don't want to risk that happen again with a large amount stored in the exchange.
Where would be the best place to keep my BTC while I'm not trading with it in an exchange? I don't feel as if storing it on my own hard drive is very secure as hard drives can fail, and what can you do if that happens..?
Use 2FA when trading at exchange. It will add you extra security.Where would be the best place to keep my BTC while I'm not trading with it in an exchange? I don't feel as if storing it on my own hard drive is very secure as hard drives can fail, and what can you do if that happens..?
Also do not hold your coins at exchange. Store them at your pc.
And always make a backup of your private keys. (not at your hardrive...use a paper )
You can download and store on a desktop wallet to make a copy and store it on a flash drive. But I think for the desktop wallet bitcoin will need a lot of space on your hard drive. There are probably other storage methods, but I don't know them.
It will be best if you keep your bitcoin in any wallet. There are various wallets that you can use. Wallets will give you the security to keep your bitcoins safely. So, you won’t have to worry about this.
You must keep it separately. Don't keep your coin in exchanger except to transaction. Or you can try wallet like MEW (myetherwallet) and etc. But the exchanger or wallet is not always safe there is a virus like trojan spread in internet to steal your personal information or your coin. Or you can try hardware wallet but you say hardware can fail. Yeah indeed no system is safe. 
So you can try to search in google: Hardware Wallet
I think this is a most security now, but you have to pay for it, is not expensive.
Hope it help you
I think this is a most security now, but you have to pay for it, is not expensive.
Hope it help you
How do they work?
The most popular wallets nowadays are- Coinbase, ledger, Keepkey, Ledger Nano S Wallet, Uphold. So, you can use any of this wallet to keep your bitcoins as well as other crypto coins safely.
You can try hardware wallet. I am using it and see that it is really helpful and safe. Believe me
you'd not feel safe when you lose that hardware wallet of yours. if you are like me who goes places every now and then, you might want to store few at each exchange account you have and use the 2fa and google authentication as well. i do this because i usually withdraw some coins to encash while i only have a laptop and a mobile that i can access the exchanges. if one account is going to be hacked, they only get few. this isn't recommended but there isn't really any safe place to store coin even the hard wallet on your laptop.
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