Topic: Where to store bitcoin with safe? - page 2. (Read 760 times)
The safest way is cold storage, on a separate laptop/hard drive encrypted, or even paper note, Trezor and Ledger are mentioned by others are really good. it all depends on the amount you have and how often you use it, a combination all above is the best thing you can do, + a Hot wallet with small amount transaction such as Bitcoin.info for example with a strong password obviously.
I'm buying BTC from an investment point of view to keep it for a few years. In this scenario, what would you advise and will storing the coins at the exhange be wise or should I store them somewhere else.
Try to buy a ledger nano, these are the best nowadays.
I store my bitcoins in blockchain.info and never have a single problem
I would suggest a hardware wallet. Both Trezor and Ledger are very user friendly and even the most novice of crypto investors can manage their way around them.
I believe the Ledger is actually on sale right now for Cyber Monday so this might be a great time to grab yourself one.
Trezor : https://shop.trezor.io/
Ledger Nano S : https://www.ledgerwallet.com/products/ledger-nano-s
I believe the Ledger is actually on sale right now for Cyber Monday so this might be a great time to grab yourself one.
Trezor : https://shop.trezor.io/
Ledger Nano S : https://www.ledgerwallet.com/products/ledger-nano-s
I'm buying BTC from an investment point of view to keep it for a few years. In this scenario, what would you advise and will storing the coins at the exhange be wise or should I store them somewhere else.
You should definitely avoid keeping them on an exchange. A few years is a lifetime in the cryptocurrency space, and your exchange could easily be hacked and shut down during that time. Plus, trusting a third party to take custody of your BTC sort of defeats the purpose of Bitcoin, which is intended to allow you to "be your own bank."
The easiest solution for a newbie is just to buy a hardware wallet like a TREZOR or Ledger Nano S. I would suggest only buying directly from the manufacturer:
https://trezor.io/
https://www.ledgerwallet.com/
Personally, I keep my long term cold storage on an air-gapped PC. But this method of cold storage is becoming obsolete now that hardware wallets are becoming the norm.
Use a cold storage wallet like Ledger NANO S
I always suggest if you have a reasonable amount of money, anything over a few hundred dollars, to store via a hardware wallet. Ledger, Trezor or Keepkey make great products, however I believe Ledger Nano S's are the best and most affordable option. They also offer a great list of altcoin support and add new ones constantly and great Bitcoin hardfork support. This week they are also offering 21% discount! Check it out.
https://www.ledgerwallet.com/products/ledger-nano-s
https://www.ledgerwallet.com/products/ledger-nano-s
Ledger Nano S all the way. Affordable price, good history, and easy to use. If somebody has over $1000 in crypto, I personally feel that a hardware wallet is a must have item. Plus! It makes a great stocking stuffer
I always suggest if you have a reasonable amount of money, anything over a few hundred dollars, to store via a hardware wallet. Ledger, Trezor or Keepkey make great products, however I believe Ledger Nano S's are the best and most affordable option. They also offer a great list of altcoin support and add new ones constantly and great Bitcoin hardfork support. This week they are also offering 21% discount! Check it out.
https://www.ledgerwallet.com/products/ledger-nano-s
https://www.ledgerwallet.com/products/ledger-nano-s
Buy a hardware wallet or a device that has access to Internet via a cable, like a dedicated PC. Keep it clean and don't leave it connected for long. When you decide to use your money go online, send the transaction and go offline It will limit the window in which your computer can be accessed and your cable connection will keep you safe from possible wifi hacks.
Don't get me wrong this is still an overkill in most cases, but if you're storing coins worth $10k or more it's really not a bad idea to spend $500 on a device that will allow you to sleep at night.
Don't get me wrong this is still an overkill in most cases, but if you're storing coins worth $10k or more it's really not a bad idea to spend $500 on a device that will allow you to sleep at night.
Don't even try to store your coins on exchanges. Try some wallets which you have control over. Try paper wallet, ledger wallets to save your bitcoins.
I would advise using the ledger wallet. One of the safest options in my opinion!
A hardware Ledger wallet is best if you need to carry it around with you and you cannot store a paper wallet safely at home.
An encrypted paper wallet (stored in a safe place) or a hardware wallet are the best options for long term storage.
I'm buying BTC from an investment point of view to keep it for a few years. In this scenario, what would you advise and will storing the coins at the exhange be wise or should I store them somewhere else.
The safest place for storage is in an offline hardware wallet. Check out what's available from Trezor or Ledger. Both are world renowned for their security.
How much are you storing?
You know there is a search button on this forum right?
I actually made a tutorial about it: https://bitcointalksearch.org/topic/m.24746679
To get back at your question, read these topics:
https://bitcointalksearch.org/topic/safest-way-to-store-your-bitcoins-1911604
https://bitcointalksearch.org/topic/where-to-store-bitcoins-safety-for-a-few-years-1330899
https://bitcointalksearch.org/topic/where-to-keep-bitcoin-at-the-safe-place-2368953
https://bitcointalksearch.org/topic/how-to-store-bitcoin-for-long-term-1983707
https://bitcointalk.org/index.php?topic=1678794.0;all
I actually made a tutorial about it: https://bitcointalksearch.org/topic/m.24746679
To get back at your question, read these topics:
https://bitcointalksearch.org/topic/safest-way-to-store-your-bitcoins-1911604
https://bitcointalksearch.org/topic/where-to-store-bitcoins-safety-for-a-few-years-1330899
https://bitcointalksearch.org/topic/where-to-keep-bitcoin-at-the-safe-place-2368953
https://bitcointalksearch.org/topic/how-to-store-bitcoin-for-long-term-1983707
https://bitcointalk.org/index.php?topic=1678794.0;all
Never Store the Bits in an exchange, if it get hacked/closed anything else your coins are lost. So the best way ist to store theme on an paperwallet or on a desktop/ledger wallet...
Alphredis
Alphredis
I'm buying BTC from an investment point of view to keep it for a few years. In this scenario, what would you advise and will storing the coins at the exhange be wise or should I store them somewhere else.
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