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 2103 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.
I used to keep my crypto coin and toekens on harware wallet but a few I keep on a online wallet
This is real problem, keeping funds on hardware wallet is quite safe but not so easy to access like in simple online wallet. Paper wallet is free and safest but also more pain in a** to use for day to day usage.
It should not be a pain in the a**, if you manage it correctly. I took some bitcoin and I split it into smaller chunks <0.1 BTC per wallet> and I transferred them to some paper wallets. When I need some bitcoin, I just sweep the private key into my desktop wallet and within a few minutes that bitcoin is available to use.
In my opinion that is the safest way to store bitcoins and you do not have to worry about exchanges getting hacked.
Personally, I would recommend getting a Ledger Nano S, though I know a lot of people have also had success with the Trezor wallet as well. You can find the ledger wallet here: https://www.ledger.com/products/ledger-nano-s?r=d9d9293c72f3&tracker=MY_TRACKER
Record Nano S is an equipment wallet from French beginning up. It resembles a USB drive which associates with any USB port. It doesn't have a battery and just begins up when connected to a PC (or cell phone). The Ledger doesn't accompany an enemy of altering sticker as its cryptographic technique checks for honesty of the instrument when fueled on.
My suggestion to use a safe wallet for long time keeps.This will help you a lot.Most of the Bitcoin expart also said so, for holding money use Hardare wallet.
If you abiut hardware wallet, keep there.It is safest medium for you valuable bitcoin.It will be more helpfull for you is searching in google about best and safest wallet.
Using a better and sfe wallet be a better choise for you.You may go with Coinomi or Blockchain or search in google, play store apps is also available. But before doing it be more carefull about what u are doing.
That's mean that you want ot keep your BTC on a safe wallet you can use hardware wallet rather then use any online wallet. But therre are some online wallet too which will keep your BTC safe like coinbase.
Exchange is very risky for store your Bitcoin. You can use hardware wallet for store your Bitcoin. Also blockchain and coinbase wallet best for store your Bitcoin safely.
I used to keep my crypto coin and toekens on harware wallet but a few I keep on a online wallet
This is real problem, keeping funds on hardware wallet is quite safe but not so easy to access like in simple online wallet. Paper wallet is free and safest but also more pain in a** to use for day to day usage.
I used to keep my crypto coin and toekens on harware wallet but a few I keep on a online wallet named coinbase for exchange. And now I am feeling better with my BTC and other crypto.
Normally I will not keep my funds concentrated..Normally at few exchanges and few wallets, so these is a minimum risk for lost all of my funds at one time..
It is little bit confusing to keep in mind all the passwords and privet keys. but I feel more comfortable in this way
It is little bit confusing to keep in mind all the passwords and privet keys. but I feel more comfortable in this way
If anyone not want to exchange their coin they can use hardware wallet. Because there are no risk of hack and other ambush on a hardware wallet. That's why hardware wallet will be a solution.
You have to use more safe wallet like hardware wallet.i am using it and I think it is more secure than any other wallet
I am very sorry for you. Put money in a wallet that is more secured. There are lots of wallet that you find in internet. Choose the best one.
cold wallet my friend, if you dont have enough money for device - use a flashcard as Bitcoin wallet and keep it in a safe place.
That’s very dangerous for the investor. Keep money in a secure wallet. I cannot fall in this situation but I understand the feelings. Please search in Google and choose a safe wallet.
Don’t get solidified out so successfully. In case you get such mail. Don’t take after any kind of interface that's included with mail. Its more better to have a wallet with versatile affirmation code for minute login. This shows up uncommonly disturbing but its strong. Which wallet have such highlights?
On these kind of situation, Don’t get froze out so effectively. In case you get such mail. Don’t take after any kind of connect that's included with mail. Its way better to have a wallet with portable confirmation code for moment login. This appears exceptionally aggravating but its solid. Which wallet have such highlights? let us know.
Don’t get panicked out so easily. If you receive such mail. Don’t follow any kind of link that is added with mail. Its better to have a wallet with mobile verification code for instant login. This seems very disturbing but its reliable. Which wallet have such features?
At present, there are quite a few ways that users can accomplish their purpose of safe Bitcoin storage. such as: Software Wallet, Hardware Wallet. and each have their own advantage and disadvantage.
You need to keep your coins in a more secure wallet. Hardware wallets are the most secured wallets in the market right now. You can try Ledger, Trezor etc. The hardware wallets are not easily hackable.
Jaxx is the world's driving multi-resource advanced wallet which stores both bitcoins and altcoins. It as of now underpins 13 crypto coins, and is a perfect decision for multi-cryptographic money clients.
If you are not interested to keep your bitcoin in exchange, you can keep it on digital wallet. It is safe and easy. You can search on google for digital wallets for your safety.
You can create blockchain.info wallet and store you bitcoins there. One of the best wallets for btc.
You should use digital wallet to keep your bitcoin safe. Search for best wallets in google. You will find a suitable one for you. It is the best idea for you now.
Just used a hardware wallet to be sure , dont be bother because of the price atleast your money are secured and safe from hackers and dont forget to backup incase the hardware has malfunction
Where would be the best place to keep my BTC while I'm not trading with it in an exchange?
one word, or two words.... paper wallet 
its most secure, free and easy to setup
The hard wallet and some legit soft wallet you may try to save your private keys. If you panic for the inconvenience it may have to deal, try stainless steel hard wallets, in this case, if all the data get drenched or swiped, the hard wallet will back you up. But do not keep it in an unsafe place.
Hard wallet will be the best answer to your problem, in this case. Try searching for a hard wallet but before buying, check its legitimacy, feedbacks from the users, search for the issues it dealt with and if the answers pleases you, you may try one.
You should have been more cautious about keeping in a good wallet, as your savings are important to you. poloniex account being hacked by randoms are not a new news. From two years ago this sort of things was happening. Thanks that you could recover it.
If you possess a lot of BTCs and you don't want to hassle with storing them, maybe look for a custodial service I personally have no experience using them what so ever and can't point you to any but this is some idea.
But yeah using a custodial service defeats the idea of decentralization. anyways Good Luck
But yeah using a custodial service defeats the idea of decentralization. anyways Good Luck
I think the simplest and secure enough way to store your BTCs is to store them on a ledger nano s or a trezor hardware wallet. even if the hardware wallet failed you can simply recover your funds using the seed phrases that it provides to you on the set up.
I would say the thing you have to do should be storing your seed phrases is the safes place possible. like flood and or fire proof place.
I would say the thing you have to do should be storing your seed phrases is the safes place possible. like flood and or fire proof place.
You can use digital wallet for keeping your bitcoin safe and sound. There are many good digital wallets are available in the internet. You can choose a best one for you. It will help you a lot in other ways also.
If you want to hold your BTC for long periods of time, you can use Paper Wallets to make it safe and cost-less. As well as generate and print while your internet is off. Please clean and reboot before restarting the internet connection.
I think some hardware Cool Storage are good but for that you have to spend some money. If your quantity is very low then it will be expensive for you. But if you have a lot of BTC then you can use it.
You can use hardware wallet for keep your BTC because it is safe and secure also. For this wallet you need to pay small amount of money.
I think you can go for hardware wallet. Ledger Nano S supports Bitcoin and many Altcoins as well. This is one the most reliable and secure hardware wallets and might be good for storing your coins for long term.
Hardware wallets are considered to be more secured than software wallets. Trezor is a good hardware wallet and it can be operated through Windows, Linux and IOS. This might be a suitable choice.
What could be happend. If you want to keep your BTC safe, you can keep your BTC in hardware wallet wallet as a stock. It seems to be safer for you and the wallet gives you more security. If you want to know about secutiry then know more about Hardware Wallet.
differents kind of wallet are avilable in the market. paper wallet, mobile wallet, hardware wallet ect. you can use anyone to keep your bitcoin.
you can go for ledger nano s wallet. here your bitcoin is perfectly sucure.and if you buy this it allows multicurrency and this is user friendly also.
there are lots of wallet where you can keep you bitcoin safely. i will suggest hardware wallet which is safe and secure. you can try this.
To keep your bitcoin you can use hardware wallet you can also go for ledger nano s. It’s a offline wallet. It can have the capability to secure your coin. I think ledger nano s is best for you.
You can get simple but highly trusted wallets like Coinomi or Blockchain. i am also use it. you can try it. it's more secure and reputable. it will perform better than other.
Maintain in a safe and sound wallet. I am use Blockchain you can also try to use it. it will perform better and keep secure your wallet. you should also careful.
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..?
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..?
it depends how often you'll need to access it. i prefer to put most of my coins into very cold storage--encrypted core wallet.dat generated offline and copied onto a few storage mediums.
then i leave the rest of my coins in electrum wallets that use the offline signing method, which is much safer than a desktop wallet connected to the internet, or an online wallet.
here's a tutorial on how to set up an offline signing setup with electrum: https://www.reddit.com/r/Bitcoin/comments/3g16qy/i_made_a_tutorial_on_how_to_sign_transactions/
(note: it's best to use a camera + QR code rather than USB sticks, although i've never heard of successful bitcoin theft via USB stick malware + offline encrypted wallet)
Maintain in a safe and sound wallet. You can obtain basic but extremely respected wallets like Coinomi or Blockchain actually from a Google play store. All you must perform is normally guarantee you possess your passphrase duplicated out and hidden someplace secure.
you know it basically depends on the investors what actually they demand but if you are asking for suggestions then I will suggested hardware wallet cause right now most of the people are preferring it but yes the choice is up to you
I am glad that you are asking for my opinion but I will say that it is mostly depends on you cause what are your recommend you knows it better but if you ask for suggestions then as per the record people are depending on offline hardware wallet
before giving you any suggestions I will like to explain you one thing very clearly that it depends on your demands and choices but if you want to know about the update then hardware wallet is more popular
Everyone should be aware of this type of issue. Please take help from google. Use the best way to secure your account.You can keep it in safe wallet too.Now a days hardware wallet is also safe to use.
Hardware wallet seems to be the widely used platform where people are trusting with their earnings right now but sill you should do a more extensive research of yours.
Have to say you are hugely lucky that you didn't lose any money with the whole hacking situation. Better look for a solid platform to store your coins.
Few bitcoin wallet may charge a few bucks in return of a bulletproof platform for storing your coins. So if you have a substantial amount to store, you might consider the option.
There are many hardware and software wallets that provide good security for cryptocurrencies. I think Trezor, Ledger Nano S, Jaxx and Mycelium any one of them could be good. My preference would be a hardware wallet.
You can generate a paper wallet with a qr code or download for example an electrum desktop wallet. Other than that buy yourself a Ledger, an external device that looks like a pendrive, that can keep several cryptocurrencies in a very safe way.
My mind is not a better option than Ledger. Ledger is both safe and physical. Buy one Ledger and relax.
All type of wallet may it be a web or hardware etc. Will have both pros and cons you just have to decide on which will you be more comfortable and feel safe.
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..?
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..?
definitely a hardware wallet, either trezor or ledger. That way you can make sure the transaction is signed directly in your device, that is protected by password. Just make sure you back it up well
I think we have two options here. The first is to throw in a paper wallet and store it in a safe environment. The second option is to buy a Ledger.
Yup, these 2 wallets are perfectly fine... However, IMHO, the absolute safest way for anybody to store their BTC is by offline installing an up-to-date version from linux on an airgapped PC, don't install the network drivers.
Next, install the latest version of bitcoin core, and create an encrypted non-HD wallet.
Now, you have completely random private keys being generated by the latest version of the reference client on a machine that has never been online.
Offcourse, this airgapped cold wallet is not easy to work with... You need to make regular backups of your encrypted wallet.dat, you have to create unsigned transactions on an online machine and transfer them to the offline machine, sign those tx's, transfer them back to the online machine,... It's a drag, but IMHO it's the absolute safest option.
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..?
i think you can keep your BTC for other wallet so get some another wallet to keep your bitcoin for your sake and your bitcoin safety. 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..?
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..?
you can try it on COINOMI an application that can store your coins, there is no exchange in the application but only send and receive, if you save it there I think your bitcoin will be safe. 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..?
Where would be the best place to keep my BTC while I'm not trading with it in an exchange?
If you plan to keep them longer, paper wallet is the safest and cheapest solution, as others already said.
I want to add that if you go this path make sure you generate it safely, meaning you download the script/page locally (the proper ones have link to github or a zip), generate and print while your internet is off, maybe clean up and reboot before restarting the internet connection.
I think we have two options here. The first is to throw in a paper wallet and store it in a safe environment. The second option is to buy a Ledger.
I think many companies engaged in blockchain provide online wallet services for free, such as blockchain.com which I think has a fairly large level of security. You can add some two-step verification to your wallet.
if compared to online wallets and offline wallets, the security level is better online wallet
if compared to online wallets and offline wallets, the security level is better online wallet
I don't agree with this statement.
Even if you pick a strong, unique password and add 2FA authentication, this will NOT help against any security flaws introduced by the operators of the online wallet/exchange.
If the exchange has a bug, you can lose everything
If one of the exchange's employees is dirty, you can lose everything
If the exchange goes bancrupt, you can lose everything
If the exchange turns scam, you can lose everything
No type of 2FA authentication can save you from these issues... And these issues are not neglecitible nor are they marginal... Above issues happened dozens of times before, and they'll happen dozens of times in the future.
Next to these attack vectors, you're also more vulnerable to phising (if you're not using an online wallet, you're not vulnerable to a mail urging you to sign in to a phising site) and if your pc gets compromised, the level of vulnerability of an online and a desktop wallet are about the same.
I just don't get why people insist on using thirth parties to store their BTC, and in doing so are fine with all the extra attack vectors they expose themselfs to...
I think many companies engaged in blockchain provide online wallet services for free, such as blockchain.com which I think has a fairly large level of security. You can add some two-step verification to your wallet.
if compared to online wallets and offline wallets, the security level is better online wallet
if compared to online wallets and offline wallets, the security level is better online wallet
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..?
The best thing which you could do is to store in desktop wallets like Electrum which I have been using for years and haven't encountered any problems.But you should ensure that you download such wallets from their official websites for example in this case,www.electrum.org.Otherwise your bitcoins might get compromised. 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..?
If you don't controll your own private keys, you don't controll your funds...
I like this catching sentence and this is usually what it is. If you don't have access to your password, then you don't have access to your coins. Likewise if you forget it and can't recover it, no matter the wallet you are using, just forget all the coin inside the wallet.
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..?
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 hardware cold storage is best but that costs some money so may not be worthwhile if you only have a small amount. I would use an encrypted memory stick and store it somewhere secure. Also make copies, perhaps give one to a trusted family member.
legendary
Activity: 2576
Merit: 1043
Need a Marketing Manager? |Telegram ID- @LT_Mouse
Putting BTC on an exchange especially if it is a huge amount is very risky because there are some exchanges that are prone to hack. There are news that some exchanges are being hacked. I suggest you use hardware wallet as a storage of your BTC as it is the safest wallet to use. For more information about it just go here: HARDWARE WALLET
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..?
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..?
Hey you should never leave your funds on an exchange, most of the times they'll get hacked and you'll loose your funds. I would suggest you to download electrum wallet, it's free and highly secured, you can use it on desktop or download it's app. Then you could also make a paper wallet, as you have stated you are not using them regularly. If your amount is pretty big, then you could invest in a Trezor wallet, it's the highest level of security you can get. Also i do hope you had raised a complaint at the exchange, questioning how your password was hacked.
Search for offline hardware wallets like Trezor or Ledger Nano S. Ledger goes for around 50 euro and is a great device, because it supports a lot of other altcoins and is being constantly updated.
You can try hardware wallet. I am using it and see that it is really helpful and safe. Believe me
Where would be the best place to keep my BTC while I'm not trading with it in an exchange?
i guess allmost *any* wallet is more secure than either an online wallet or an exchange wallet. If you don't controll your own private keys, you don't controll your funds...
as mocacinno pointed out, any wallet that lets you control private keys is secure enough if you use online wallet (even that gives private keys) you are still essentialy depending on its service, so less secure
desktop/hardware wallet is recommended
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..?
with bitcoin core you can backup wallet.dat, but make sure re-backup whenever you change passphrase for other (HD) wallets you can easily have backup by writing down the mnemonic seed
use the link mocacinno gave you above to find the trusted bitcoin wallets that you can use based on their platform. and also make sure to search about cold storage https://en.bitcoin.it/wiki/Cold_storage since that is the most secure method of storing your bitcoins and away from getting hacked.
you can use any of the desktop wallets above for cold storage on an offline computer and you can use any wallet to create a paper wallet which is another form of cold storage but bitaddress.org is easier to use.
you can use any of the desktop wallets above for cold storage on an offline computer and you can use any wallet to create a paper wallet which is another form of cold storage but bitaddress.org is easier to use.
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..?
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..?
i guess allmost *any* wallet is more secure than either an online wallet or an exchange wallet. If you don't controll your own private keys, you don't controll your funds...
Here's a list of wallets to chose from:
https://bitcoin.org/en/choose-your-wallet
As for your concern about the durability of your hard drive: if you have a HD wallet (like 90% of the desktop and hardware wallets available), you can write down the recovery seed on a piece of paper, laminate it and store it in a safe place... Otherwise you have to take regular backups of your wallet file.
Just make sure your PC is clean, use a strong password to secure your wallet file and have a backup of your seed phrase or wallet file...
Offcourse, if you hold a lot of BTC, you should go for a hardware wallet, a properly generated paper wallet or an airgapped desktop wallet instead of a regular desktop wallet.
Keep in a safe wallet. You can get simple but highly trusted wallets like Coinomi or Blockchain even from a Google playstore app on an Android phone. All you must do is ensure you have your passphrase copied out and tucked somewhere safe. I have used these two for over a year now and haven't had any issues with them.
However, you can get other wallet types here through this link: https://bitcointalksearch.org/topic/read-post-armory-multibit-electrum-or-online-wallets-in-the-right-forum-1628282
However, you can get other wallet types here through this link: https://bitcointalksearch.org/topic/read-post-armory-multibit-electrum-or-online-wallets-in-the-right-forum-1628282
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
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..?
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..?
Jump to: